LOCKER LICENCE Clause Samples
LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the licence to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
1.3 The license to use the Locker hereby granted is:
(a) Personal and for the Customer’s own use and not for the use of any person other than the Customer;
(b) Non- transferable;
(c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency;
(d) Not for storing:
(i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or
(ii) any perishable material and/ or radioactive material and/ or any illegal substance; and/or
(iii) any material which can create any hazard or nuisance to the Bank or to any of its customers.
1.4 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement.
1.5 The Customer shall be allowed to operate the Locker:
(a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout etc., the Bank shall not have any obligation to allow operation of Locker;
(b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; and
(c) After the Customer provides identity proof, if so demanded by the Bank.
LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement, (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
1.3 The license to use the Locker hereby granted is:
1.3.1 Personal and for the Customer’s own use and not for the use of any person other than the Customer;
LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule-I to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule-I by way of rent (the “Rent”).
1.3 Locker rent will be payable in advance up to 31st March of financial year in which this Agreement is executed, on pro-rata basis After that, locker rent will be recovered every year up to 30 June after this penalty will be charged.
1.4 The license to use the Locker hereby granted is:
(a) Personal and for the Customer’s own use and not for the use of any person other than the Customer;
(b) Non- transferable;
(c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency;
(d) Not for storing: 1.5 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement.
(i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or
(ii) any perishable material and/ or radioactive material and/ or any illegal substance /or any material the use of which is prohibited by laws of India); and/or
(iii) any material which can create any hazard or nuisance to the Bank or to any of its customers.
1.5 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement.
1.6 The Customer shall be allowed to operate the Locker:
(a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout etc., the Bank shall not have any obligation to allow operation of Locker.
(b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker;
(c) provide identity proof, if demanded by the B...
LOCKER LICENCE. (a) The Bank as a licensor hereby grants to the Licensee, the license to use the safe deposit locker, the Details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
(b) The Licensee hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
4.1 The Licensee accepts and agree to the terms governing the use of the Locker hereby granted is:
(a) For Personal use and for the Licensee’s own use and not for the use of any person other than the Licensee;
LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the licence to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
1.3 The Bank at the time of allotment of the Locker to obtain 3 years annual rent and break open charges as fixed deposit towards the payment of locker rent from the Customer/s . The Bank will have the right to lien and/or set off on the said Fixed deposit in case of non-payment of the prescribed locker rentals by the Customer. This also includes break open of locker and recovery of miscellaneous charges associated with break open that may arise due to non -payment of locker rentals. Locker rent will attract Tax as applicable from time to time.
1.4 The license to use the Locker hereby granted is:
(a) Personal and for the Customer’s own use and not for the use of any person other than the Customer.
LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
1.3 The license to use the Locker hereby granted is:
(a) Personal and for the Customer’s own use and not for the u (b)
LOCKER LICENCE. 1.1 The Bank as a Licensor hereby grants to the Customer as a Licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”).
1.3 The license to use the Locker hereby granted is:
1.4 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement.
1.5 The customer shall not sub-let or re-let the said locker to any other person and will not take any kind of charges from any person for the same.
1.6 The Customer shall be allowed to operate the Locker:
LOCKER LICENCE. The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.