Interest Free Security Deposit / Performance Security Sample Clauses

Interest Free Security Deposit / Performance Security a) The selected Bidder(s)/Licensee shall submit & pay Interest Free Security Deposit/Performance Security to DMRC equivalent to half yearly (6 months) License Fee as quoted by the bidder for the total number of trains as mentioned in Annexure-1 for Line-8. May also please refer to Clause 3.5 (Chapter 3) of RFP in this regard.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Interest Free Security Deposit / Performance Security. 7.1 Interest Free Security Deposit / Performance Security: The Licensee shall pay Interest Free Security Deposit / Performance Security to DMRC in advance equivalent to the amount of fixed Annual (12 months) License Fee for the stations handed over. The amount will be paid in as per clause 6.2 of the DLA. Minimum 25% of this amount is to be paid in form of DD/PO in favor of DMRC Ltd. and payable in New Delhi, and remaining or 75% in form of BG/DD/PO in favour of DMRC Ltd and payable in New Delhi. Interest free Security Deposit up to Rs.10.00 Lakhs will be accepted in form of DD/PO only in favour of DMRC Ltd. Interest free security deposit/performance Security is to be paid in the following form. Escalated amount of Interest Free Security Deposit shall be deposited in DD/PO or E-mode only.
Sample 1Sample 2
Interest Free Security Deposit / Performance Security. 7.1 The Licensee shall deposit Interest Free Security Deposit / Performance Security to DMRC in advance equivalent to half of the Annual license fee calculated on a minimum average area given in Annexure1,2 for each of the station handed over or actual area of approved plan of advertisements as on date of submission of Interest Free Security Deposit / Performance Security, whichever is higher, at the rate applicable for subsequent financial year.
Sample 1
Interest Free Security Deposit / Performance Security. 7.1 Interest Free Security Deposit / Performance Security: The Licensee shall pay Interest Free Security Deposit / Performance Security to DMRC in advance equivalent to the amount of fixed Annual (12 months) License Fee for the station handed over. The amount will be paid in two installments as per clause 6.2 of DLA. Minimum 25% of this amount would be paid in form of DD/PO in favor of DMRC Ltd. and remaining or 75% in form of BG/FDR/DD/PO. Interest free Security Deposit upto Rs 10.00 lakhs will be accepted in form of DD/PO only. The interest free Security Deposit/ Performance Security shall be accepted in the following form:
Sample 1
Interest Free Security Deposit / Performance Security. 7.1 Interest Free Security Deposit / Performance Security: The Licensee shall pay Interest Free Security Deposit / Performance Security to DMRC in advance equivalent to the amount of fixed Annual License Fee for the station handed over. The interest free Security Deposit / Performance Security shall be accepted in the following form:
Sample 1
Interest Free Security Deposit / Performance Security. Interest Free Security Deposit / Performance Security: The Licensee shall pay Interest Free Security Deposit / Performance Security to DMRC in advance equivalent to the amount of fixed Annual (12 months) License Fee for the station handed over.The amount will be paid in two installments as per clause 6.2 of DLA. Interest free security deposit/performance Security is to be paid in the following form.Interest free security deposit upto Rs. 10.00 lakhs has to be paid by DD/PO only (in favour of DMRC Ltd, and drawn on a scheduled Commercial bank in Delhi). For amount exceeding Rs. 10 lakhs, minimum 50 % in the form of DD/PO (upto a maximum of 50 lakhs) and 50% or balance amount in form of BG/FDR in favour of DMRC Ltd. Illustration: If Interest Free Security Deposit to be paid is calculated as Rs. 75 lakhs, then first Rs. 10 lakhs by DD/PO. For remaining Rs. 65 lakhs, Rs. 32.5 lakhs by DD/PO and remaining Rs. 32.5 lakhs by BG/FDR. Therefore in the above illustration Rs. 42.5 lakhs is to be paid in form of DD/PO and balance Rs. 32.5 lakhs in form of BG/FDR.The interest free Security Deposit/ Performance Security shall be accepted in the following form:
Sample 1
Interest Free Security Deposit / Performance Security. 3.20 The selected Bidder(s) shall submit Interest Free Security Deposit / Performance Security to DMRC equivalent to 1.1 times the Annual License Fee applicable for the year under consideration (based on area handed over in that year) for which Interest Free Security Deposit/ performance security is being submitted. In case of subsequent handing over of additional area to the licensee, Interest Free Security Deposit/ performance security shall be updated as per updated area under possession of licensee. The Interest Free Security Deposit/ performance security shall be payable for each Bidding schedule I, II, III & IV in any one of the following forms:
Sample 1
AutoNDA by SimpleDocs

Related to Interest Free Security Deposit / Performance Security

  • Performance Security If our Tender is accepted, we commit to obtain a performance security in accordance with the Tendering document;

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Security Deposit Subject to Paragraph 50, concurrently with Tenant's execution of this Lease, Tenant shall deposit with Landlord the sum of EIGHTY TWO THOUSAND TWO HUNDRED TWENTY NINE AND 70/100 ($82,229.70) Dollars. Said sum shall be held by Landlord as a Security Deposit for the faithful performance by Tenant of all of the terms, covenants, and conditions of this Lease to be kept and performed by Tenant during the term hereof. If Tenant defaults with respect to any provision of this Lease, including, but not limited to, the provisions relating to the payment of rent and any of the monetary sums due herewith. Landlord may (but shall not be required to) use, apply or retain all or any part of this Security Deposit for thc payment of any other amount which Landlord may spend by reason of Tenant's default or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default. If any portion of said Deposit is so used or applied, Tenant shall, within ten (10) days after written demand therefor, deposit cash with Landlord in the amount sufficient to restore the Security Deposit to its original amount. Tenant's failure to do so shall be a material breach of this Lease. Landlord shall not be required to keep this Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on such Deposit. If Tenant fully and faithfully performs every provision of this Lease to be performed by it. the Security Deposit or any balance thereof shall be returned to Tenant (or at Landlord's option, to the last assignee of Tenant's interest hereunder) at the expiration of the Lease term and after Tenant has vacated the Premises. In the event of termination of Landlord's interest in this Lease. Landlord shall transfer said Deposit to Landlord's successor in interest whereupon Tenant agrees to release Landlord from liability for the return of such Deposit or the accounting therefor.

Time is Money Join Law Insider Premium to draft better contracts faster.