INDEMNITY BOND. Contractor shall sign an Indemnity Bond in an approved format as per attached Annexure before starting the work, indemnifying the SBI from any damages, prosecution, other legal suits and claims arising out of any mishaps occurring at the work place due to non- adherence to safety codes, no following the standard work procedures and for violating rules and regulations for which the contractor shall be solely responsible. • In case of any damage to property by the contractor, SBI shall have the right to recover the cost of such damages from payments due to the contractor and decision of the SBI shall be binding on the Contractor. • In the event of any damage to the loose furniture, interiors, computers and such other equipment or to the existing building structure etc., during carrying out the contract works, the cost of repairing the same including the cost of replacement if any will be recovered from the contractor. • If the contractor fails to improve the standards of safety in its operation to the satisfaction of SBI after being given a reasonable opportunity to do so, and/or if the contractor fails to take appropriate safety precautions or to provide necessary safety devices and equipment or to carry out instructions regarding safety issued by the authorized SBI official, the SBI shall have the right to take corrective steps at the risk and cost of the contractor after giving a notice of not less than seven days indicating the steps that would be taken by State Bank of India. • Before commencing the work, the contractor shall appoint/nominate a responsible officer to supervise implementation of all safety measures and liaison with his counterpart of State Bank of India.
INDEMNITY BOND. If the teacher chooses to be paid during the time he/she is on leave, he/she shall post a suitable bond, before beginning sabbatical leave, indemnifying the District for any salary paid him/her during the period of sabbatical leave in the event he/she fails to complete his/her proposed program of study and/or travel or fails to return to the District to teach for at least two (2) years immediately following his/her sabbatical leave. Failure of a teacher to return to teach in the District for at least two (2) years immediately following his/her sabbatical leave or failure to complete satisfactorily his/her scheduled program of study and/or travel shall not result in forfeiture of his/her bond, provided such failure is due to his/her death or physical or mental disability certified by a licensed physician.
INDEMNITY BOND. This deed of indemnity executed at ……………………….. (place) on this day of (month) ………………… …………..(year)……………..by Xxxxx / Tmt / Xxxxx………………………………………………... (Name ) Widow / Son / Daughter of Xxxxx…………………………………………………………. ……………... Residing . at…………………(full address) (hereinafter called Contractor which expression shall unless excluded by or repugnant to the context include his/her heirs, executors, administrators and legal representatives) to and in favor of the Commissioner, Corporation of Chennai, (hereinafter called the "Commissioner" which expression shall unless excluded by or repugnant to the context include his successors and assigns) Whereas the contractors has submitted the tender for Description of work (place of work of supply) and such tender has been accepted subject to the general conditions to contract amended to the preliminary specification of the T.N.B.P/S.S.R.B and such other conditions issued along with tender documents. And whereas in pursuance of the terms of contract, that a sum equal to 2Y2% of the total value of work done, have been retained with the Corporation of Chennai for a period of years reckoned from the date of completion of the work in order to enable the departmental officers to watch the effect of all seasons on the work and the structural stability of the work executed by the contractors; And whereas it was decided to refund the said sum equal to 2Y2% of the total value of the work done retained with the Commissioner, Corporation of Chennai on the expiry of period of years reckoned from the date of completion of work provided that the contractor executes an indemnity bond for a period of years indemnifying the Commissioner, Corporation of Chennai against any loss of expenditure incurred to rectify any defect noticed due to the faulty workmanship by the contractor or substandard materials used by the contractor in the execution of the work or during the period of . years. Now, this deed of indemnity witness that in consideration of the contract entrusted to the contractor by the Commissioner, Corporation of .Chennai, the contractor has agreed to the following terms and conditions and executed this indemnity bond in conformation of all and undertakes to comply with the terms herein below mentioned. 'The contractor doth hereby indemnify the Commissioner, Corporation of Chennai against any loss or damage that may be caused in the Commissioner, Corporation of Chennai in respect of rectification of any defect noticed due on the faulty ...
INDEMNITY BOND. Shall be executed by the successful tenderer indemnifying the Corporation of Chennai from any claim which may arise due to any accident to the workmen engaged for the work.
INDEMNITY BOND. Prior to entering upon a sabbatical leave, the employee may file with the Governing Board a suitable bond indemnifying the school district for any salary paid the employee during the period of sabbatical leave in the event said employee fails to return and to render two (2) full years of service in the West Contra Costa Unified Schools following the termination of the sabbatical leave, or in the event said employee fails satisfactorily to carry out the program of study, or the itinerary of the trip approved by the Assistant Superintendent, Human Resources , the Superintendent of Schools, and the Governing Board. Failure of an employee to return and render service satisfactorily to complete the scheduled program of study or travel shall not result in a forfeiture of the bond when such failure is due to death, or certification by the school physician that failure was due to physical or mental disability
INDEMNITY BOND. (1) The surety shall bind itself to pay all Negotiated Payments including assessments for liquidated damages, interest, and all costs and fees incurred in collection, including administrative and attorneys’ fees and costs.
(2) In bond claims, the Bond shall pay wage claims first (including Travel Expense and Subsistence and Dues), then in the following order: contributions owed to the Health and Welfare Trust Fund, Pension Trust Fund, Apprenticeship and Training Trust Fund, Contract Administration Trust, Labor Management Cooperation Fund, interest, liquidated damages, administrative costs, and then for any attorney fees and costs incurred by the Union or Trust Funds to collect the amounts owed.
INDEMNITY BOND. BY THE PRESENT INDEMNITY BOND executed on this the ________ day of ___________ 2006 at ______________ by: M/S _________________________________, a Partnership Firm/concern of the partners namely (1) Mr. _______________________ son of ____________________ resident of __________________________; (2) Mr. ___________________________ son of ________________________ resident of __________________________; and (3) Mr. ___________________________ son of ____________________ resident of __________________________; created in terms of a proper Partnership Deed dated __________________ duly registered on ___________________, through the said partners, and herein-after to be called “ the Obligors ” ( Which expression shall always include their legal heirs, executors, representatives, administrators, successors and the assigns) of the One part; IN FAVOUR OF: The J&K State through the Directorate of Industries and Commerce Department, Jammu / Srinagar through its General Manager, and hereinafter to be called “ the Obligee-Department ” ( which expression shall include his successors, executors, administrators, representatives and assigns where-ever the context or the meaning shall so required or permit ) of the Other Part.
INDEMNITY BOND. Prior to entering upon a formal study leave, the employee may file with the Governing Board a suitable bond indemnifying the school district for any salary paid the employee during the period of formal study leave in the event said employee fails to return and to render two (2) full years of service in the West Contra Costa Unified Schools following the termination of the formal study leave, or in the event said employee fails satisfactorily to carry out the program of study, approved by the Assistant Superintendent, Human Resources, the Superintendent of Schools, and the Governing Board. Failure of an employee to return and render service satisfactorily to complete the scheduled program of study or travel shall not result in a forfeiture of the bond when such failure is due to death, or certification by the school physician that failure was due to physical or mental disability
INDEMNITY BOND. The contractors shall be required to execute an Indemnity Bond for satisfactory performance of entire project, on a stamp paper of value of Rs.100/- in the format approved by NRDA. This Indemnity Bond shall remain in force for a period of 36 months from certified date of completion of the work.
INDEMNITY BOND. In order to safeguard the interest of IITM, the supplier should submit Indemnity Bond as given in Chapter-7 (Annexure-J)
