IFSD/ Performance Security definition

IFSD/ Performance Security means interest free security deposit amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.
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Examples of IFSD/ Performance Security in a sentence

  • Remaining 65% or above Rs. 10 Lakhs of the IFSD/ Performance Security may be submitted in the form of DD/ PO/ RTGS/ NEFT, Bank Guarantee/ FDR.

  • Built-up Shop/bare spaces/Bare Space including but not limited to Unfinished Space/ Office Space Nine (9) months Minimum 35% or upto Rs 10 Lakhs of the IFSD/ Performance Security, whichever is higher, is in the form of DD/ PO/ RTGS/ NEFT in favour of DMRC Ltd payable at Delhi.

Related to IFSD/ Performance Security

  • Performance Security means monetary guarantee to be furnished by the successful Tenderer for due performance of the contract placed on it. Performance Security is also known as Security Deposit or Performance Bank Guarantee.