Bank Solvency Clause Samples
The Bank Solvency clause establishes requirements for the financial stability and legal standing of a bank involved in a transaction or agreement. Typically, it requires the bank to confirm that it is not insolvent, under bankruptcy proceedings, or subject to regulatory intervention that could affect its ability to fulfill its obligations. This clause ensures that all parties can rely on the bank’s continued ability to perform its duties, thereby reducing the risk of disruption or loss due to the bank’s financial failure.
Bank Solvency. All Bidders shall submit Bank Solvency certificate from a nationalized / scheduled bank in India for a minimum amount as mentioned in Section - III: Bid Data Sheet. In case of a JV / Consortium, the bank solvency certificate should be in the name of the Lead Member. The bank solvency certificate submitted by the Bidder shall not be older than one (01) year from the Bid Submission Last Date. In case Bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than one (01) year from the Bid Submission Last Date. In case bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than one (01) year from the Bid Submission Last Date. In case bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for an amount as mentioned in Section III: Data Sheet. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.
Bank Solvency. The service Provider shall provide bank solvency certificate at least for Rs.2.00 Crore which should be issued by the bank after publication date of e-tender.
Bank Solvency. The tenderer should enclose with the Tender, a satisfactory evidence of financial stability.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet In case the bidder wishes to quote for one or more Stretch, then the bidder should furnish Bank solvency certificate for the total of the amounts stipulated for each of the Stretch. The solvency certificate submitted by the bidder shall not be older than 1 year from the Bid Submission Last Date. In case bidder does not adhere to this criterion his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. The bank solvency certificate can be submitted by any one member of the JV / Consortium and the name of that member submitting the bank solvency certificate shall be mentioned in the JV / Consortium Agreement.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet. The solvency certificate submitted by the bidder shall not be older than 6 month from the Bid Submission Last Date. In case bidder does not adhere to this criterion, his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/ Scheduled Bank in India in the name of the bidder. In case of a JV / Consortium, the solvency certificate should be in the name of the Lead Member. In case, if bidder submit the bids for more than one schedule, the bank solvency required to qualify shall be the sum total of bank solvency required in individual schedules. For example, if a bidder participates in Schedule A and Schedule B, than the bank solvency required to qualify shall be sum total of bank solvency required for Schedule A and Schedule B.
Bank Solvency. All bidders shall submit bank solvency certificate from a nationalized/scheduled bank in India for the amounts as mentioned in Section III Data Sheet In case the bidder wishes to quote for one or more Schedule, then the bidder should furnish Bank solvency certificate for the total amount stipulated for each of the Schedule. The solvency certificate submitted by the bidder shall not be older than 1year from the last date of bid submission. In case bidder does not adhere to this criterion his bids shall be considered non-responsive and shall not be considered for further evaluation process. The bank solvency certificate shall be from any Nationalized/Scheduled Bank in India in the name of the bidder. In case of a JV/consortium the solvency certificate should be in the name of the lead member.