Caution Deposit definition

Caution Deposit means the interest free deposit that shall be refunded if the Allottee implements the project within the stipulated
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Caution Deposit means an additional non-interest bearing caution deposit in addition to the EMD being equivalent to 15% of the Plant and Machinery’s auction value. This Caution deposit shall be submitted along with the submission of EMD.
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Caution Deposit means the interest free deposit that shall be refunded if the Allottee implements the project within the stipulated time period as per the Allotment Order.(In respect of Mega Projects, i.e investment of more than Rs.500 crores and entered into MoU with Govt., this clause be excluded).
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Examples of Caution Deposit in a sentence

  • One child of the confirmed employee is eligible for free education in the school from JM1 to Class XII inclusive of exemption of payment of Caution Deposit.

  • The Owner agrees that with the termination of this Agreement, Owner shall forthwith refund the Caution Deposit, free of interest to Zenify within 7 (seven) days from the termination taking effect.

  • In case of delay in refunding the Caution Deposit, the Owner shall pay interest at 2% (Two percent) per month compounded from date of termination until full payment of the entire Caution Deposit amount.

  • Zenify shall pay a Caution Deposit to the Owner, as security for undertaking various activities contemplated herein.

Related to Caution Deposit

  • Application deposit means any refundable deposit of money, however denominated, including all

  • Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).