Refundable Security Deposit. The Lessee has to pay the Lessor a refundable interest free security deposit of Rs. 30,00,000/- (Rupees Thirty Lakhs only) in the following manner. a) A sum of Rs.5,00,000/- (Rupees Five Lakhs only) has to pay in favor of Lessor vide cheque No. 937052 dated 30/12/2013, Citi Bank N.A., Begumpet, Hyderabad Branch as token SecurityDeposit. b) A sum of Rs. 10,00,000/- (Rupees Ten Lakhs only) has to pay in favor of Lessor vide cheque No.937056 dated 15/01/2014. Citi Bank N.A.. Begumpet. Hyderabad Branch c) A sum of Rs. 15,00,000/- (Rupees Ten Lakhs only) has to pay in favor of Lessor vide cheque No.937060 dated 15/02/2014, Citi Bank N.A., Begumpet, Hyderabad Branch 3.1. On due discharge of all the obligations of the Lessee to the Lessor in this Agreements, the said refundable security deposit shall be refunded at the end of the lease period or its prior determination by either party as per the terms of this agreement.
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