Rental Security definition

Rental Security means the amount equal to the one advance quarter net guaranteed Rentals, which shall be deposited by the Operator to the Employer against security deposit.
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Rental Security means the amount equal to the one advance quarter net guaranteed Rental, which shall be deposited by the Concessionaire to the Employer as security deposit.
Sample 1Sample 2

Examples of Rental Security in a sentence

  • The Operator shall furnish to the Employer the Performance Security, Rental Security (equal to advance quarterly rental) and Payment of applicable Taxes in the forms and the amounts stipulated below, within a period of fifteen (15) days after the receipt of Letter of Acceptance.

  • The Rental Security shall be equivalent to three (03) months net guaranteed rental, offered by the Operator.

  • Failure will invite encashment of Performance Security & Rental Security.

  • The Rental Security should be in form of Pay order/Demand Draft in favor of the “National Highway Authority, Road Maintenance Account, Islamabad”.

  • The Rental Security should be in form of Pay order in favor of the “National Highway Authority, Road Maintenance Account, Islamabad”.

  • The Lease Deed will have to be executed within 06 (six) months from the date of issue of allotment letter, failing which the allotment will be liable to be cancelled and Lease Rental, Security Deposit and EMD forfeited.

  • The Lease Deed will have to be executed within 06 (six) months from the date of issue of allotment order, failing which the allotment will be liable to be cancelled and Lease Rental, Security Deposit and EMD forfeited.

  • Rental, Security and Utility Payments Sub-grantees must not make payments directly to program participants, but only to third parties, such as landlords or utility companies.

  • After delay of 15 days from the due date, Contract shall become liable to be terminated under default of Operator including forfeiture of Performance and Rental Security.

  • After delay of 10 days from the due date, contract shall become liable to be terminated under default of Operator including encashment of performance Security, Rental Security.

Related to Rental Security

  • Supplemental security income means the program authorized under title XVI of the social security act, 42 USC 1381 to 1383f.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.