Common use of Refundable Security Deposit Clause in Contracts

Refundable Security Deposit. KMSPLmay require the Operator to pay an amount of Rs. 2,500/-, or such amount as may be determined by SUN from time to time, for each digital satellite receivers/integrated receiver decoder provided by KMSPLto the Operator under this Agreement. Such refundable security deposit amount shall be refunded by KMSPLto the Operator upon expiry or earlier termination of the Agreement, subject tothe Operator returning the digital satellite receivers/integrated receiver decoder in perfect working condition (reasonable wear and tear acceptable) and also subject to KMSPLsetting off the refundable security deposit amount, or part thereof, with any amount receivable by KMSPLfrom the Operator on such date of expiry or termination of the Agreement.

Refundable Security Deposit. KMSPLmay require the Operator to Affiliateto pay an amount of Rs. 2,500/-, or such amount as may be determined by SUN from time to time, for each digital satellite receivers/integrated receiver decoder provided by KMSPLto the Operator Affiliate under this the Agreement. Such refundable security deposit amount shall be refunded by KMSPLto the Operator upon Affiliateupon expiry or earlier termination of the Agreement, subject tothe Operator returning to the Affiliatereturning the digital satellite receivers/integrated receiver decoder in perfect working condition (reasonable wear and tear acceptable) and also subject to KMSPLsetting off the refundable security deposit amount, or part thereof, with any amount receivable by KMSPLfrom the Operator on Affiliateon such date of expiry or termination of the Agreement.

Refundable Security Deposit. KMSPLmay KMSPL may require the Operator to pay an amount of Rs. 2,500/-, or such amount as may be determined by SUN from time to time, for each digital satellite receivers/integrated receiver decoder provided by KMSPLto KMSPL to the Operator under this Agreement. Such refundable security deposit amount shall be refunded by KMSPLto KMSPL to the Operator upon expiry or earlier termination of the Agreement, subject tothe to the Operator returning the digital satellite receivers/integrated receiver decoder in perfect working condition (reasonable wear and tear acceptable) and also subject to KMSPLsetting KMSPL setting off the refundable security deposit amount, or part thereof, with any amount receivable by KMSPLfrom KMSPL from the Operator on such date of expiry or termination of the Agreement.