INTEREST FREE REFUNDABLE SECURITY DEPOSIT Sample Clauses

INTEREST FREE REFUNDABLE SECURITY DEPOSIT a) The Plot Owner agrees that for the purpose of securing its payment obligations to METL for the Water Supply and Services provided under this Agreement, the Plot Owner shall pay an interest free security deposit to METL equal to the aggregate of all the Water Supply Charges and Waste Water Treatment Charges payable for 3 (three) months’ supply of the Sanctioned Limit along with applicable Taxes (hereinafter referred to as “IFRSD”), to secure the payment obligations of the Plot Owner to METL.
AutoNDA by SimpleDocs
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. The Lessee shall deposit and keep deposited with the Lessor on execution hereof a sum of Rs.2,15,54,205.50/- (Rupees Two Crores Fifteen Lakhs Fifty Four Thousand Two Hundred and Five and paisa Fifty Only) as and by way of an Interest Free Refundable Security Deposit (hereinafter “IFRSD”) to secure the obligations of the Lessee under this Lease. Against the said IFRSD amount, the Lessor acknowledges and confirms that a sum of Rs.1,87,42,787/- (Rupees One Crore Eighty-Seven Lakhs forty-two thousand seven hundred and eighty seven only)has been deposited by the Lessee with the Lessor to secure the obligations under the Lease Deed dated 12th December 2017. An additional sum of Rs.28,11,418/- (Rupees Twenty Eight Lakhs Eleven Thousand Four Hundred and Eighteen only) shall be deposited on or before 29th February 2020.
INTEREST FREE REFUNDABLE SECURITY DEPOSIT a. As and by way of assurance to the Lessor, for the due and proper performance of all its obligations including vacating and handing over the vacant and peaceful possession and charge of the Demised Premises on the expiry or sooner termination of this Agreement, the Lessee shall, till the date the Lessee hands over the vacant and Reliable Exports – Lionbridge Technologies Private Limited Lease Agreement peaceful possession of the Demised Premises in the same state and condition along with permitted improvements which the Lessee wishes to leave behind (reasonable wear and tear excepted), maintain with the Lessor, a refundable non-interest bearing Security Deposit, equivalent to 6 (Six) months of Lease Rent (which is inclusive of existing/ present CAM charges) total aggregating to Rs. 44/- per sq. ft. on total chargeable area amounting to Rs. 2,16,91,296/- (Rupees Two Crores Sixteen Lacs Ninety One Thousand Two Hundred and Ninety Six Only) (hereinafter referred to as “Security Deposit”). The Security Deposit shall be paid to the Lessor by the Lessee in the manner setout herein below:
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. 5.1) The Lessee shall pay an interest-free, refundable security deposit of Rs.45,36,000/- (Rupees Forty-five lakhs thirty-six thousand only) (the “Security Deposit”). The Security Deposit may be held by the Lessors until the Expiration Date or the earlier termination of the Agreement (as permitted herein). The Security Deposit shall be paid to the Lessors in the following manner:
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. 1. In addition to the payment of the Rent and the CAM Charges, payable by the Lessee to the Lessor, the Lessee shall simultaneously with the execution of this Deed, deposit and keep deposited with the Lessor, a sum of Rs. 59,05,800/- (Rupees Fifty Nine Lacs Five Thousand Eight Hundred only) as interest free refundable security deposit (hereinafter referred to as the “IFRSD”), which shall always be maintained as equivalent to 3 (Three) months’ prevailing Rent plus CAM Charges, for the due observance and performance of the terms and conditions of this Deed by the Lessee. The IFRSD has been paid by the Lessee vide Cheque No.930597 drawn on Yes Bank Limited. South Ext. Part-II. New Delhi, dated 04.07.2012 for Rs.l8,52,800/- (Rupees Eighteen Lacs Fifty Two Thousand and Eight Hundred Only) and vide Cheque No. drawn on Bank , dated for Rs.40,53,000/- (Rupees Forty Lacs Fifty three Thousand Only), (subject to the realization), and the receipt whereof is acknowledged by the Lessor herein.
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. The Lessee shall pay to the Lessor an interest free Security Deposit of Rs. 1,09,76,955/- (Rupees One Crore Nine Lakhs Seventy Six Lakhs Nine Hundred Fifty Five only) equivalent to the Rental for a period of 10 months (“Security Deposit”). A part of the Security Deposit, i.e INR 49,33,305 (Rupees Forty Nine Lakhs Thirty Three Thousand Three Hundred and Five only) has been paid by the Lessee at the time of execution of the LOI vide wire transfer. The break up is as follows: Date Received Ref No. Amt in Rs 10-05-2016 NEFTINW- 0041215414 14,00,000 12-05-2016 NEFTINW- 0041291585 15,00,000 12-05-2016 NEFTINW- 0041300879 15,00,000 13-05-2016 NEFTINW- 0041371157 5,33,305 The remainder of the Security Deposit amounting to Rs 60,43,650 (Rupees Sixty Lakhs Forty Three Thousand Six Hundred and Fifty only) is hereby paid by the Lessee on the Effective Date. The Lessor hereby confirms receipt of the full Security Deposit. Upon expiry of the Lease Deed or earlier termination of this Lease Deed, the Lessor shall refund the entire Security Deposit to the Lessee simultaneous to the Lessee handing over the vacant and peaceful possession of the Demised Premises save reasonable wear and tear to the Lessor. In the event of failure to refund the Security Deposit, the Lessor shall be liable to pay interest @ 18% p.a. till actual payment and the Lessee shall be entitled to retain the possession of the Demised Premises without being liable to pay Rental and be exempt from any liability to the Lessor in any manner. However the Lessee is liable to pay for the maintenance, electricity and chiller charges during this duration.
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. 5.1 The Licensee shall deposit with the Licensor 3 (Three) Months Monthly License Fee equivalent to Rs. 75,00,000 ( Rupees Seventy Five Lakhs) as Interest free refundable Security Deposit (hereinafter referred to as the “Security Deposit”) as under:
AutoNDA by SimpleDocs
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. 7.1. The Lessee shall deposit and keep deposited with the Lessor on execution hereof a sum of Rs. 51,00,816.00 - (Rupees Fifty One lakhs Eight Hundred and Sixteen only) as and by way of an Interest Free Refundable Security Deposit (“the Security Deposit”) equivalent to 4(four) months of Warm Shell Lease Rent, to secure the obligations of the Lessee under this Lease. The aforesaid sum of security deposit shall be paid by the Lessee to the Lessor on or before the signing of this Agreement. In the event the lease is renewed in accordance with clause 30 hereinbelow, the Interest Free Security Deposit shall escalate in proportion to the increase in rent, i.e 15% after every 3 (Three) years of the Lease term to ensure that at all times, the Interest Free Security Deposit shall be equivalent to 4 (four) month warm shell lease rent.
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. The Incubatee hereby agrees to deposit Rs 25,000/- (Twenty Five Thousand Only) as an interest free security deposit with FIRST, through a Demand Draft or a Banker’s Cheque, which shall be refunded to the incubatee at its exit from FIRST after deducting outstanding dues and/or after adjusting for any potential cost to FIRST if any.
INTEREST FREE REFUNDABLE SECURITY DEPOSIT. 3.1. The LESSEE shall pay to the LESSOR by way of interest free refundable security deposit which is equivalent to 6 (Six) months Rent and shall be returned / refunded on expiry of the term of this Lease Deed or early termination of this same Lease, as the case may be.
Time is Money Join Law Insider Premium to draft better contracts faster.