OTHERCONDITIONS Clause Samples

OTHERCONDITIONS. The Supplier shall be liable to any damages caused to any equipment or installations belonging to any third parties or to the Purchaser caused due to acts of Supplier and /or its employees/sub -contractors and shall therefore take all corrective measure to remedy, replace or make good the damages equipment or installation, as soon as possible. If the Supplier fails to take corrective measure, the Purchaser may, following written notice which remained unfruitful within the time period stated in the notice, choose to remedy the damages by itself and/or to assign to a third-party company of its choice for the repairing or remedying, at the Supplier’s risks and expenses. All goods, equipment and material shall be brand new, of first class workmanship, fully meeting agreed specifications and all required regulations in force at the time of Acceptance, fit for thepurposescontemplatedin the Contractandduly assembledwithout any defect or repairs, except for repairs expressly authorized in writing by the Purchaser. Defective or inappropriate materials, equipment or Supply may be refused by the Purchaser, andthe SupplierisrequiredtoremovethemfromtheSitewithoutunduedelay, failing which the provisions of Article 11.2 of the GPC shall apply.

OTHERCONDITIONS. (i) If the performance of the Contractor is not satisfactory, the contract shall be terminated by the TANTRANSCO by giving 90 days notice inadvance. (ii) The Contractor shall be paid for all work executed prior to the date of termination at the rates & prices provided in the contract. (iii) The Superintending Engineer/Operation/Salem shall have the right to relax or waive any of the conditions stipulated in thisenquiry wherever deemednecessary. SUPERINTENDING ENGINEER OPERATION/SALEM.2 (To be furnished in non- judicial stamp paper of value not less than Rs.80/-(Rupees eighty only) THIS UNDERTAKING executed at ----------------- on this the ------------ day of --------------- two thousand and ------------ by M/S herein after called the ‘Tenderer’ to AND IN FAVOUR OF Tamil Nadu Transmission Corporation Ltd. having its office at NPKRR Maaligai, Electricity ▇▇▇▇▇▇, ▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, Chennai-600002, represented by Superintending Engineer/o/salem (herein after called TANTRANSCO ) WHEREAS the contract is for the construction in terms of the Tender Specification No.--------------- AND WHEREAS in accordance with clause of the above said tender specification, the tenderer has to furnish E.M.D. of Rs. ------------ (Rupees------------------------------------- AND WHEREAS the tenderer has requested TANTRANSCO to accept an undertaking in lieu of payment in cash of the E.M.D. AND WHEREAS ▇▇▇▇▇▇▇▇▇▇ has accepted the request of the tenderer subject to his executing an undertaking to pay to the board not exceeding Rs. --------------- (Rupees only ) representing the ▇▇▇▇▇▇▇ Money Deposit together with costs in case of non-fulfillment of the conditions stipulated in the Tender Specification IN CONSIDERATION OF TANTRANSCO having agreed to accept an undertaking from the tenderer in lieu of payment of ▇▇▇▇▇▇▇ Money Deposit in cash, the tenderer undertakes to pay the sum of Rs. ----------- (Rupees only), immediately when a demand is raised by TANTRANSCO against the tenderer without any demur in the event of the following: i) if he withdraws his tender before expiry of validityperiod ii) if he withdraws his tender afteracceptance iii) if he violates any of the conditions of the Tender specificationNo.

OTHERCONDITIONS. 12.1 The Borrower shall submit a copy of its quarterly management accounts within sixty ( 60) days of the end of each quarter and audited accounts within one hundred and twenty (120) days of the end of the financial year.