AND WHEREAS the party has offered to undertake the work as per the scope of work and details indicated in the special instructions
AND WHEREAS the National Bank in consideration of the conditions and covenants to be observed by the party has agreed to permit the party to carry out the Electrical Maintenance work hereinafter set out. NOW, THIS AGREEMENT WITNESS THAT IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES:- NABARD hereby awards the work of ANNUAL MAINTENANCE CONTRACT FOR FIRE FIGHTING WORK – OFFICE PREMISES & STAFF QUARTERS in the said premises from 09.11.2020 to 30.09.2023 . subject to annual review and renewal on satisfactory performance each year. The contract period may be extended further depending upon the discretion of the Bank. As compensation for the work, the party shall be reimbursed an amount of ` / (` only) per month, Basic Rate plus taxes as applicable. 2. The compensation shall be payable to the party by NABARD within 02 weeks from the date of receipt of the bill for the month for which services have been rendered to the satisfaction of the Bank. 3. (a) The party shall comply with the municipal and other laws, obtain license, permission as required under the contract labour laws and cover all the employees under his charge with all statutory requirements like minimum wages ,PF, ESIC etc. The party shall indemnify and keep indemnified the Bank against any lapse on the party’s part in complying with these conditions or any other statutory requirements in connection with the fire fighting work. (b) The quality of maintenance work shall be of good standard subject to the satisfaction of the Chief General Manager of the Bank (c) The party shall keep, at a conspicuous place in the said premises a complaint/ suggestion register in which complaints and suggestions, if any, could be recorded by the concerned and the complaint/suggestion register shall be open to inspection by the Chief General Manager or any other officers of the Bank so deputed by him. The party shall put up the complaint register once in a week on Monday mornings and if Monday were to be a public holiday or by any other reasons the National Bank remain closed on any Monday the same shall be submitted on the next working day immediately following that day. The Chief General Manager will take such action in respect of each complaint or suggestions as the case may be and the party shall be obliged to take remedial / rectification measures as instructed by the Chief General Manager. (d) The party shall ensure that no loss or damage is caused by an act or default on his part or his employees and agents to the Bank`s fu...
AND WHEREAS it has been stipulated by you in the said RFP that the Vendor shall furnish you with a Bank Guarantee from a commercial Bank for the sum specified therein, as security for compliance with the Vendor’s performance obligations in accordance with the RFP.
AND WHEREAS we ----------------Bank having its registered office at ----- and inter alia a branch office situate at have agreed to give a performance guarantee in lieu of EMD of ` --------- (Rupees only) on behalf of the Vendor. We Bank further undertake not to revoke and make ineffective the guarantee during it’s currency except with the previous consent of the buyer in writing. We Bank do hereby unconditionally and irrevocably undertake to pay to SIDBI without any demur or protest, merely on demand from SIDBI, an amount not exceeding Rs. ---------- (--------- only).by reason of any breach of the terms of the RFP dated by vendor. We hereby agree that the decision of the SIDBI regarding breach of the terms of the RFP shall be final, conclusive and binding WE do hereby guarantee and undertake to pay forthwith on demand to SIDBI a sum not exceeding `……………/-. (Rupees only) (amount of the Guarantee in words and figures) and we undertake to pay you upon your first written demand declaring the Vendor to be in default under the RFP and without cavil or argument, any sum or sums within the limit of `……………/-. (Rupees …………………………..… only) (Amount of guarantee) as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein. Our obligation to make payment under this Guarantee shall be a primary, independent and absolute obligation and we shall not be entitled to delay or withhold payment for any reason. Our obligations hereunder shall not be affected by any act, omission, matter or thing which but for this provision might operate to release or otherwise exonerate us from our obligations hereunder in whole or in part, including and whether or not known to us or you: 1. Any time or waiver granted to the vendor; 2. The taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against the vendor; uncompressed, unfiltered and unshared Internet Bandwidth with DDoS Protection 3. Any Variation of or amendment to the RFP or any other document or security so that references to the Contract in this Guarantee shall include each such Variation and amendment; 4. any unenforceability, invalidity or frustration of any obligation of the VENDOR or any other person under the RFP or any other document or security waiver by you of any of the terms provisions conditions obligations UNDER RFP or any failure to make demand upon or take action against the VENDOR; 5. any other f...
AND WHEREAS the National Bank in consideration of the conditions and covenants to be observed by the party has agreed to permit the party to carry out the Electrical Maintenance work hereinafter set out.
AND WHEREAS according to the terms of said contract, it has been stipulated that payment of 10 per cent of the value of the stores would be made, provided that the Sellers furnish to the Purchaser a Bank Guarantee from a recognised Bank, acceptable to the Purchaser for 10 per cent of the value of the said contract, valid for a period covering in full the Guarantee Period as per the Warranty clause of the said conditions of the contract, being the conditions attached to and forming part of the said contract. 3.
AND WHEREAS the Sellers have approached us to give the said Bank Guarantee on their behalf in your favour for an amount representing 10 per cent of the value of the contract which you have agreed to accept. 4. That in consideration of the promises and at the request, of the said Sellers, we hereby irrevocably undertake and guarantee to pay to the Government of India or at such other place as may be determined by you forthwith on demand and without any demur, any sum upto a maximum amount of (Rs. ) representing10 per cent of the value of the Stores despatched under the said contract in case the Sellers make default in paying the said sum or make any default in the performance observance or discharge of the guarantee contained in the said contract. 5. We agree that the decision of the Government whether any default has occurred or has been committed by the Sellers in the performance, observance or discharge of the guarantee aforesaid shall be, conclusive and binding on us. 6. Government shall be at liberty, from time-to-time, to grant or allow extension of time or give other indulgence to the said Sellers or to modify the terms and conditions of the contract with the said Sellers without affecting or impairing this guarantee or our liability hereunder. 7. We undertake to pay to the Government any money so demanded notwithstanding any dispute or disputes raised by the Sellers in any suit or proceeding pending before any Court or Tribunal relating there to our liability under this present being absolute and unequivocal. The payment so made by us under this bond shall be a valid discharge to our liability for payment thereunder and the Sellers shall have no claim against us for making such payment. 8. This Bank guarantee comes in to force when the balance ten percent of the value of the stores shipped per Vessel vide Bill of Lading No. dated (in the case of Import contracts) or R/ R No. dated (in the case of indigenous contracts) under the said contract, has been paid and will remain in full force and effect up to i.e. for months counted from the date of placing the stores in services, and shall continue to be enforceable for further six months i e. upto (date), hereinafter called the said date. 9. This guarantee will not be discharged due to the change in the constitution of the Bank or the Sellers. 10. That no claim under this guarantee shall be entertained by us unless the same has been preferred by the Government within the said date. Date: Signature Place: Witness Sig...
AND WHEREAS the said specifications, the Schedule of Quantities have been signed by or on behalf of the parties hereto. और जबकक बोलीकताव इसमें निधावररत की गई शतों और संवर्दा की वर्शेष शतों और मात्रा अिुसची में उज्ल्लणखत की गई शतों तिा यिा सशोथधत एर्ं अंनतम रूप से दोिों पक्षकारों द्र्ारा सहमत संवर्दा की शतों) ज्जन्हें समग्रत: इसके बाद “कथित शतें” कहा गया है )में निटहत शतों के अधीि बक की उक्त अपक्षाे और/ अिर्ा कथित वर्निदेश में उज्ल्लणखत कायव और मात्रा-अिुसची में शाममल कायव को निष्पाटदत करिे हते ु सहमत है ज्जसे र्ह उक्त में तय की गई रामश के अिुसार अिर्ा उसके अधीि देय होिे र्ाली रामश के अिुसार निधावररत दर) ज्जसे इसके बाद ‘कथित संवर्दा रामश’ कहा गया है )पर करेगा)।
AND WHEREAS the Contractor has agreed to execute upon the subject to the Conditions set forth herein and to the Conditions set forth in the Special Conditions and in the Schedule of Quantities and Conditions of Contract (all of which are collectively hereinafter referred to as “the said Conditions”) the works shown upon the said drawings and/or described in the said specification and included in the Schedule of Quantities at the respective rates therein set forth amounting to the sum as therein arrived at or such other sum as shall become payable there- under (hereinafter referred to as ‘the said Contract Amount’) अतः अब उिके बीच निम्िमलणखत रूप से करार ककया जाता है :- NOW IT IS HEREBY AGREED AS FOLLOWS: 1. निधावररत शतों में उज्ल्लणखत समय और तरीके से सवर्दा रामश को ध्याि में रखते हुए, बोलीकताव निधावररत शतों के अिुसार और उिके अधीि निवर्दा वर्निदेशों में और मात्रा अिुसची में यिा उज्ल्लणखत कायव को निष्पाटदत और प ा करेगा।
AND WHEREAS the parties are desirous of recording the terms and conditions or upon which said services are to be rendered by the contractor. A.