COMMENCEMENT AND TERM. 1.1 This agreement is effective and valid for the period from to . It shall, however, be renewable for further period/s of specific duration/s as may be mutually agreed upon by the parties hereto. 1.2 Upon termination of the agreement each party shall forthwith return to the other all papers, material and other properties of the other held by each for purposes of execution of this agreement. Bank reserves the right to recover the penalty charges and other dues from the earnest money deposit amount and bank guarantee amount in all cases. In addition each party will assist the other party in the orderly termination of this agreement on the transfer of all aspects hereof, tangible and intangible, as may be necessary for the orderly, no disrupted business continuation of each party. 1.3 Individual items of equipment, and repair and maintenance service charge for such EQUIPMENT, may be added to or withdrawn from the Annexure of this Agreement by mutual written consent of both parties; PROVIDED ALWAYS that such consent is not unreasonably withheld. In the event that individual items of equipment are added to the agreement it may involve additional maintenance charges. In the event that individual items of EQUIPMENT are withdrawn from the said list, as described herein, then any monies prepaid on such EQUIPMENT shall be held to the credit of Bank’s account. 2.
