Common use of Nonrefundable Payment Clause in Contracts

Nonrefundable Payment. BROADCASTER may require the Operator to pay an amount as may be determined by BROADCASTER fr om time to time, for each digital satellite receivers/integrated receiver decoder provided by BROADCASTER to the Operator under this Agreement. Such refundable security deposit amount wherever taken shall be refunded by BROADCASTER to the Operator upon expiry or earlier termination of the Agreement, subject to the Operator returning the digital satellite receivers/integrated receiver decoder in perfect working condition (reasonable wear and tear acceptable) and also subject to BROADCASTER setting off the refundable security deposit amount, or part thereof, with any amount receivable by BROADCASTER from the Operator on such date of expiry or termination of the Agreement.