Common use of Forfeiture of EMD/Performance Guarantee/Security Deposit Clause in Contracts

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner has disqualified the Bidder(s) From the Tender process prior to the Award of the contract or terminated/determined the contract or has accrued the right to terminate/determine the contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security Deposit of the Bidder/Contractor.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Principal/ Owner has disqualified the Bidder(sTenderer(s) From from the Tender process prior to the Award award of the contract Contract or terminated/determined the contract Contract or has accrued the right to terminate/determine the contract Contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security Deposit of the BidderTenderer/Contractor.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner has disqualified the Bidder(s) From from the Tender process prior to the Award award of the contract Contract or terminated/determined the contract Contract or has accrued the right to terminate/determine the contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security Deposit of the Bidder/Contractor.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner Employer has disqualified the Bidder(s) From from the Tender tender process prior to the Award award of the contract or terminated/determined the contract or has accrued the right to terminate/determine the contract according to Article 3(1), the Principal/Owner Employer apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security Deposit of the Bidder/ContractorConsultant.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner has disqualified the Bidder(s) From Bidder from the Tender tender process prior to the Award award of the contract or terminated/terminated/ determined the contract or has accrued the right to terminate/terminate/ determine the contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Principal/ Owner, may in its considered opinion forfeit appropriate the entire amount of Xxxxxxx Money DepositEMD, Performance Guarantee and Security Deposit of the Bidder/Contractor.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner has disqualified the Bidder(s) From from the Tender process prior to the Award award of the contract Contract or terminated/determined the contract Contract or has accrued the right to terminate/determine the contract Contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security Deposit of the Bidder/ContractorBidder / Suppliers.

Forfeiture of EMD/Performance Guarantee/Security Deposit. If the Principal/Owner owner has disqualified the Bidder(s) From from the Tender process prior to the Award award of the contract Contract or terminated/determined the contract Contract or has accrued the right to terminate/determine the contract Contract according to Article 3(1), the Principal/Owner Principal /Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Xxxxxxx Money Deposit, Performance Guarantee and Security security Deposit, Performance Guarantee and security Deposit of the Bidder/Contractor.