Bidder. [4] Also, you are required to fulfil the following requirements within 60 days from the date of issue of this Letter of Intent: Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA , TSRTC, Hyderabad” on any Nationalised/Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards “Project Development Fee”. ( & Land use conversion charges if land use is converted already) Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards 1st instalment of “Upfront Amount” Commitment to make Security Deposit i.e. 6 months lease rentals in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank ( except Co-operative Banks) payable at Hyderabad towards Security Deposit “ 6months Lease rentals” or Bank Guarantee & committed to pay nominal lease rentals Rs.1000.0 during holiday period. Rs. /- (Rupees Twenty only) from any Nationalised/Scheduled Banks (except Co-operative banks) in favour of “FA, TSRTC, Hyderabad” with a validity of 4 (Four) Years from the date of Signing of Authorization Agreeement, operable at Hyderabad towards “Performance Security”. Non Judicial Stamp papers of Rs.100/- (two numbers) in the name of Special Purpose Company (SPC) for executing the Authorization Agreement. All the above payments shall be net of applicable taxes including GST. You may please note that fulfilment of the above requirement within the stipulated time from the date of issue of Letter of Intent is a pre-condition for the signing of Authorization Agreement. Any failure on your part to submit the Demand Draft / Bank Guarantee as mentioned above and as stipulated in the RFP shall render your proposal liable for rejection, and forfeiture of your Bid Security and any other payments made till such time and also this LoI is liable for cancellation. [5] In addition to the above, you shall comply with all the other provisions / requirements of the RFP in their entirety. We look forward to an early fulfillment of the above-mentioned requirements by you. Kindly acknowledge the receipt of this LoI by signing the duplicate copy. Yours Sincerely, [Authorised Signatory – TSRTC] We hereby acknowledge the receipt of this Letter of Intent (LoI) Authorised Signatory
Appears in 1 contract
Samples: Draft Authorisation Agreement
Bidder. [4] Also, you are required to fulfil the following requirements within 60 30 days from the date of issue of this Letter of Intent: Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA , TSRTC, Hyderabad” on any Nationalised/Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards “Project Development Fee”. ( & Land Fee”and land use conversion charges if land use is converted already) of Rs . Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards 1st instalment of “Upfront Amount” Commitment to make Security Deposit i.e. 6 months lease rentals Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank ( except Co-operative Banks) payable at Hyderabad towards Security Deposit “ 6months Lease rentals” or Bank Guarantee & committed commited to pay nominal lease rentals Rs.1000.0 Rs1000.0 during holiday period. Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised/ Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards applicable “GST” on initial “Base Annual Lease rentals”. Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards, “Advance Annual Lease Rentals”. Rs. /- (Rupees Twenty only) from any Nationalised/Scheduled Banks (except Co-operative banks) in favour of “FA, TSRTC, Hyderabad” with a validity of 4 (Four) Years from the date of Signing of Authorization Agreeement, operable at Hyderabad towards “Performance Security”. Non Judicial Stamp papers of Rs.100/- (two numbers) in the name of Special Purpose Company (SPC) for executing the Authorization Agreement. All the above payments shall be net of applicable taxes including GST. You may please note that fulfilment of the above requirement within the stipulated time from the date of issue of Letter of Intent is a pre-condition for the signing of Authorization Agreement. Any failure on your part to submit the Demand Draft / Bank Guarantee as mentioned above and as stipulated in the RFP shall render your proposal liable for rejection, and forfeiture of your Bid Security and any other payments made till such time and also this LoI is liable for cancellation. [5] In addition to the above, you shall comply with all the other provisions / requirements of the RFP in their entirety. We look forward to an early fulfillment of the above-mentioned requirements by you. Kindly acknowledge the receipt of this LoI by signing the duplicate copy. Yours Sincerely, [Authorised Signatory – TSRTC] We hereby acknowledge the receipt of this Letter of Intent (LoI) Authorised Signatory
Appears in 1 contract
Samples: Draft Authorisation Agreement
Bidder. [4] Also, you are required to fulfil the following requirements within 60 30 days from the date of issue of this Letter of Intent: • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA , TSRTC, Hyderabad” on any Nationalised/Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards “Project Development Fee”. ( & Land use conversion charges if land use is converted already) ” • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards 1st instalment of “Upfront Amount” Commitment to make Security Deposit i.e. 6 months lease rentals • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank ( except Co-operative Banks) payable at Hyderabad towards Security Deposit “ 6months Lease rentals” or Bank Guarantee & committed commited to pay nominal lease rentals Rs.1000.0 Rs1000.0 during holiday period. • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised/ Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards applicable “Service Tax” on initial “Base Annual Lease rentals”. • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards, “Advance Annual Lease Rentals”. • Furnishing an unconditional and irrevocable Bank Guarantee for Rs. /- (Rupees Twenty only) from any Nationalised/Scheduled Banks (except Co-operative banks) in favour of “FA, TSRTC, Hyderabad” with a validity of 4 (Four) Years from the date of Signing of Authorization Agreeement, operable at Hyderabad towards “Performance Security”. • Non Judicial Stamp papers of Rs.100/- (two numbers) in the name of Special Purpose Company (SPC) for executing the Authorization Agreement. All the above payments shall be net of applicable taxes including GSTService Tax. You may please note that fulfilment of the above requirement within the stipulated time from the date of issue of Letter of Intent is a pre-condition for the signing of Authorization Agreement. Any failure on your part to submit the Demand Draft / Bank Guarantee as mentioned above and as stipulated in the RFP shall render your proposal liable for rejection, and forfeiture of your Bid Security and any other payments made till such time and also this LoI is liable for cancellation. [5] In addition to the above, you shall comply with all the other provisions / requirements of the RFP in their entirety. We look forward to an early fulfillment of the above-mentioned requirements by you. Kindly acknowledge the receipt of this LoI by signing the duplicate copy. Yours Sincerely, [Authorised Signatory – TSRTC] We hereby acknowledge the receipt of this Letter of Intent (LoI) Authorised Signatory
Appears in 1 contract
Samples: Draft Letter of Intent (Loi)
Bidder. [4] Also, you are required to fulfil the following requirements within 60 30 days from the date of issue of this Letter of Intent: • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA , TSRTC, Hyderabad” on any Nationalised/Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards “Project Development Fee”. ( & Land use conversion charges if land use is converted already) ” • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards 1st instalment of “Upfront Amount” Commitment to make Security Deposit i.e. 6 months lease rentals • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank ( except Co-operative Banks) payable at Hyderabad towards Security Deposit “ 6months Lease rentals” or Bank Guarantee & committed commited to pay nominal lease rentals Rs.1000.0 Rs1000.0 during holiday period. • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised/ Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards applicable “Service Tax” on initial “Base Annual Lease rentals”. • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards, “Advance Annual Lease Rentals”. • Furnishing an unconditional and irrevocable Bank Guarantee for Rs. /- (Rupees Twenty only) from any Nationalised/Scheduled Banks (except Co-operative banks) in favour of “FA, TSRTC, Hyderabad” with a validity of 4 (Four) Years from the date of Signing of Authorization Agreeement, operable at Hyderabad towards “Performance Security”. • Making a payment of Rs. /- (Rupees only) in the form of Demand Draft drawn in favour of “FA, TSRTC, Hyderabad” on any Nationalised / Scheduled Bank (except Co-operative Banks) payable at Hyderabad towards, “Salvage Value”. • Non Judicial Stamp papers of Rs.100/- (two numbers) in the name of Special Purpose Company (SPC) for executing the Authorization Agreement. All the above payments shall be net of applicable taxes including GSTService Tax. You may please note that fulfilment of the above requirement within the stipulated time from the date of issue of Letter of Intent is a pre-condition for the signing of Authorization Agreement. Any failure on your part to submit the Demand Draft / Bank Guarantee as mentioned above and as stipulated in the RFP shall render your proposal liable for rejection, and forfeiture of your Bid Security and any other payments made till such time and also this LoI is liable for cancellation. [5] In addition to the above, you shall comply with all the other provisions / requirements of the RFP in their entirety. We look forward to an early fulfillment of the above-mentioned requirements by you. Kindly acknowledge the receipt of this LoI by signing the duplicate copy. Yours Sincerely, [Authorised Signatory – TSRTC] We hereby acknowledge the receipt of this Letter of Intent (LoI) Authorised Signatory
Appears in 1 contract
Samples: Draft Authorisation Agreement