Interest Free Security Deposit definition

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with Maha-Metro as per terms and conditions of License Agreement as a security against observance of License Agreement and the payment of all dues as per terms and conditions of the License Agreement.

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with CMRL as per terms and conditions of License Agreement as a security against the performance of the License agreement.

Interest Free Security Deposit means interest free security deposit to be furnished by licensee to DMRC as per terms and conditions of license agreement, to be released after successful completion of license period.

Examples of Interest Free Security Deposit in a sentence

• However, NMRC may also recover the balance outstanding dues, if are more than Interest Free Security Deposit Security from the other contracts of licensee in NMRC.

• The Licensee shall pay Interest Free Security Deposit / Performance Security to NMRC in advance of amount equivalent to the 06 (six) months i.e. 1st year’s license fee.The interest free security deposit can be paid within Thirty (30) days of Letter of Acceptance.

• If, licensee fails to pay the penalty, applicable in case of non-vacation of premises, the same shall be adjusted from the Interest Free Security Deposit / Performance Security available with Maha-Metro.

• In such an event, NMRC shall been entitled to forfeit & appropriate Interest Free Security Deposit, as the case may be, as Damages, without prejudice to any other right or remedy available to NMRC under License Agreement, or otherwise.

• In such a case, balance Interest Free Security Deposit of the Licensee shall be refunded after adjusting the outstanding dues, if any, payable on the part of Licensee.

• Balance outstanding dues, if are more than Interest Free Security Deposit shall also be recoverable from the licensee before licensee is permitted to remove their installations/fixtures/establishment(s) or else NMRC will seize their property at zero/nil value.

• If licensee fails to pay the penalty applicable in case of non-vacation of premises, the same shall be adjusted from the Interest Free Security Deposit / Performance Security available with Maha-Metro.

More Definitions of Interest Free Security Deposit

Interest Free Security Deposit means interest free security deposit to be furnished by licensee to CMRL as per terms and conditions of license agreement, to be released after successful completion of license period.

Interest Free Security Deposit means an interest free refundable deposit which shall be kept deposited by the Lessee during the Lease Term with the Lessor in terms of Clause 8 hereof;

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against observance of License Agreement and the payment of all dues as per terms and conditions of the License Agreement.

Interest Free Security Deposit. The Lesseeshall/has pay/paid and always maintain with the Lessor an Interest Free Security Deposit of Rs.___________/- Rupees _______________________________________ _____________________________________ only)which shall beequivalent to 3 months rental of the said Propertyas prevailing at any point of time during the tenure of the Lease in the following manner:

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with Directorate of Estates as per terms and conditions of License Deed as a security against observance of License Deed and the payment of all dues as per terms and conditions of the License Deed.