Release of Security Deposit. The Security Deposit shall remain in force and effect for the entire Concession Period. This Security Deposit shall be released upon the completion of entire Concession Period and/or the termination (payable only in the event of non-Concessionaire Default) date whichever is earlier. The Security Deposit shall be released subject to Maha-Metro’s right to receive or recover amounts if any due from Concessionaire under this Agreement. No interest shall be paid on the Security Deposit.
Release of Security Deposit a. The Security Deposit amounting to Rs. ……………./- (Rupees Lakhs) submitted in the form of shall remain in force and effect for the entire License period. This Security Deposit shall be released upon Completion of entire License period plus six months and/or the termination (payable only in the event of non-Licensee default) date whichever is earlier. The Security Deposit shall be released subject to Maha-Metro’s right to receive or recover amounts if any due from Licensee under this Agreement. No interest shall be paid on the Security Deposit.
Release of Security Deposit. The Security Deposit shall remain in force and effect till completion of 60 days from the end of the Concession Period (Concession Period + 60 days); provided, however, that the Security Deposit shall not be released if the Concessionaire is in material default or breach of this Agreement. Upon request made by the Concessionaire for release of the Security Deposit along with the particulars which establish satisfaction of the requirements specified under this Clause 9.3, the Authority shall release the Security Deposit forthwith.
Release of Security Deposit. To avoid misunderstandings concerning the security deposit, the following information is provided. The release of security deposit is subject to the following provisions:
Release of Security Deposit. Any remaining portion of the Security ------------------------------ Deposit, after application of all set-offs and deductions provided for in this Agreement, less any amounts with respect to which RS&H has in good faith asserted a claim, but not yet received, indemnification hereunder, shall be released to Sellers (as allocated in accordance with Section 1.6) on the date that is eighteen (18) months following the Closing Date or upon a final adjudication or settlement of the Medallion International Corporation lawsuit referred to in Section 5.1(a)(iii) above, whichever occurs later. Any amount withheld with respect to pending claims for indemnification which remains after application of all set-offs and deductions with respect to such claims shall be distributed to the Sellers promptly following final resolution of such claims.
Release of Security Deposit. If Lessee is not in default hereunder, Lessor shall release the security deposit of $41,668.96 to Lessee within 30 days after the second year anniversary date of the Lease Term.
Release of Security Deposit. The Township shall release the funds remaining in the Security Deposit not less than Thirty (30) days after the Acceptance Date, provided all the terms and conditions of this Agreement and any amendments thereto and all other Township and county requirements have been met. It is understood that release of the Security Deposit shall be authorized only by resolution of the Township Board of Supervisors at a duly noticed public meeting.
Release of Security Deposit. (a) If Tenant shall fully and faithfully comply with all of Tenant's covenants and obligations under this Lease, the Security Deposit, or any balance thereof, shall be returned to Tenant no later than sixty (60) days after expiration of the Term or earlier termination of this Lease, and delivery to Landlord of possession of the Premises. In the event of any assignment of this Lease, Landlord shall either return the Security Deposit, or remaining balance thereof, to Tenant, or deliver the Security Deposit or balance thereof, to the assignee no later than sixty (60) days after expiration of the Term or earlier termination of this Lease and delivery to the Landlord of possession of the Premises, and any such delivery shall release Landlord from all liability to Tenant for the return of the Security Deposit. Tenant thereafter shall look solely to such assignee for the return or payment of the Security Deposit.
Release of Security Deposit. The Cunningham Entities hereby waive and release any claim, right, xxxxx xx xnterest in or to the Security Deposit of $11,542.67 as stated in the Lease Agreement. The Parties hereto agree that Phoenix shall have no further obligation to any other Party, person or entity as to the security deposit, all such claims for return of the same having been released herein.
Release of Security Deposit. The release of the security deposit will be subject to the satisfactory performance by Company of all terms, conditions, and covenants contained herein throughout the entire Term. Upon termination of this Contract, the release of the security deposit will not occur until all rents, fees, charges, and other payments due to Authority are satisfied. In the event of a dispute as to the condition of the Premises, only the amount in dispute will be retained for remedy. Authority shall release the security deposit without interest within 45 days of meeting the above requirements.
