Interest Free Security Deposit definition

Interest Free Security Deposit means interest free amount to be deposited by the Licensee with Maha-Metro as per terms and conditions of License Agreement as a security against observance of License Agreement and the payment of all dues as per terms and conditions of the License Agreement.
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Interest Free Security Deposit means interest free amount to be deposited by the Licensee with CMRL as per terms and conditions of License Agreement as a security against the performance of the License agreement.
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Interest Free Security Deposit means interest free security deposit to be furnished by licensee to DMRC as per terms and conditions of license agreement, to be released after successful completion of license period.
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Examples of Interest Free Security Deposit in a sentence

  • DMRC may also recover the balance outstanding dues, if are more than Interest Free Security Deposit/ Performance Security, from the other contracts of licensee in DMRC.

  • In such a case, balance Interest Free Security Deposit/ Performance Security of the Licensee shall be refunded after adjusting the outstanding dues, if any, payable on the part of Licensee.

  • In such cases, the Interest Free Security Deposit/ Performance Security shall be refunded to the Licensee after adjustment of license fee for period shorter than 180 days (notice period) and outstanding dues, if any.

  • In such a case, the balance Interest Free Security Deposit/ Performance Security shall be forfeited in favour of DMRC after adjustment of outstanding dues, if any, payable to DMRC.

  • DMRC may also recover the balance outstanding dues, if are more than Interest Free Security Deposit, from the other contracts of Licensee in DMRC.

  • If at any stage, the dues remain unpaid and outstanding for the period of more than 60 days, the License agreement will stand automatically terminated without giving any notice to the Licensee and Interest Free Security Deposit / Performance Security and advance license fee received, if any, shall stand forfeited in favour of NMRC after adjustment of any dues payable to NMRC by the Licensee.

  • The bid security/EMD of the selected tenderer shall be adjusted against the Interest Free Security Deposit/ Performance Guarantee as per terms and conditions of the License Agreement.

  • However, splitting of the Interest Free Security Deposit/ performance security (while ensuring the Interest Free Security Deposit/ performance security is in the name of JV/ Consortium) and its submission by different members of the JV/ Consortium for an amount proportionate to percentage stake or otherwise is also acceptable.

  • DMRC can recover these dues from the Interest Free Security Deposit of the Licensee.

  • NMRC reserves the right for deduction of NMRC dues from Licensee’s Interest Free Security Deposit / Performance Security for – Any penalty imposed by NMRC for violation of any terms and conditions of agreement committed by the Licensee.


More Definitions of Interest Free Security Deposit

Interest Free Security Deposit means interest free security deposit to be furnished by licensee to CMRL as per terms and conditions of license agreement, to be released after successful completion of license period.
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Interest Free Security Deposit means an interest free refundable deposit which shall be kept deposited by the Lessee during the Lease Term with the Lessor in terms of Clause 8 hereof;
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Interest Free Security Deposit means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against observance of License Agreement and the payment of all dues as per terms and conditions of the License Agreement.
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Interest Free Security Deposit means interest free amount to be deposited by the Licensee with Directorate of Estates as per terms and conditions of License Deed as a security against observance of License Deed and the payment of all dues as per terms and conditions of the License Deed.
Sample 1
Interest Free Security Deposit. The Lesseeshall/has pay/paid and always maintain with the Lessor an Interest Free Security Deposit of Rs.___________/- Rupees _______________________________________ _____________________________________ only)which shall beequivalent to 3 months rental of the said Propertyas prevailing at any point of time during the tenure of the Lease in the following manner: S# Cheque No. Date Drawn on Favoring Amount (Rs)
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Related to Interest Free Security Deposit

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

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

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Initial Reserve Account Deposit Amount means an amount equal to $24,928,638.44.