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.
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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.
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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.
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Examples of Interest Free Security Deposit 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.

  • 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.

  • 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.

  • 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 DMRC.

  • 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 DMRC.

  • The Allottee shall pay over and above the monthly running Maintenance Charges, an amount calculated at the rate of Rs 20 (twenty) per sq ft of the Apartment Area towards the Interest Free Security Deposit (“IFSD”) to the Developer on or before the Possession Date.

  • 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 at zero/nil value.

  • Escalated amount of Interest Free Security Deposit shall be deposited in DD/PO or E-mode only.

  • In case the licensee fails to cure/rectify the event of default to the satisfaction of DMRC within the cure period of 30 days, DMRC may terminate the license agreement of respective schedule after the expiry of cure period duly forfeiting the Interest Free Security Deposit & any other amount paid by the licensee to DMRC.

  • The Interest Free Security Deposit shall remain with PIA after three months of the expiry/termination of Agreement and the same will be refunded to (THE WINNING PARTICIPANT) after deduction of all the outstanding amounts and/or dues recoverable from (THE WINNING PARTICIPANT) in relations to, arising out of and/or connected with this agreement.


More Definitions of Interest Free Security Deposit

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;
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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.
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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.
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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.
Sample 1
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: S# Cheque No. Date Drawn on Favoring Amount (Rs)
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Related to Interest Free Security Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”