Interest Free Security Deposit/ Performance Security definition

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

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

Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement.

Examples of Interest Free Security Deposit/ Performance Security in a sentence

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

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

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

• In such a case, the balance Interest Free Security Deposit/ Performance Security shall be forfeited in favour of DMRC after adjustment of outstanding dues, if any, payable to DMRC.

• In such cases, the Interest Free Security Deposit/ Performance Security shall be refunded to the Licensee after adjustment of license fee for period shorter than 180 days (notice period) and outstanding dues, if any.

More Definitions of Interest Free Security Deposit/ Performance Security

Interest Free Security Deposit/ Performance Security 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/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement post issuance of Notice of Award.

Interest Free Security Deposit/ Performance Security means interest free amount

Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Consultant with NOIDA as per terms and conditions of Agreement as a security against the performance of the Agreement.

Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by Licensee with DMRC, equal to 6 months License Fee for minimum area of 50 sqm as per terms and conditions of License Agreement as a security against performance of License agreement.

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

Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with GMRC as per terms and conditions of License Agreement as security against performance of LicenseAgreement.