Common use of Sanctions for Violations Clause in Contracts

Sanctions for Violations. 5.1. Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. 5.1 Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may any be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(sBIDDER(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ Bond in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. 5.2 The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. 5.3 The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge theknowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. HoweverBIDDER.However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond Deposit (after the contract is signed) shall stand forfeited either fully eitherfully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the paymentsthepayments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may any be further extended furtherextended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. 5.1 Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge Knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. 5.2 The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. 5.3 The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. 5.1 Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond Deposit (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may any be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. 5.2 The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. 5.3 The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. 5.1 Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore.. Bidder Executive Director (ITSD) (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. 5.2 The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. 5.3 The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. 5.1 Any breach of the aforesaid provisions by the BIDDER CONSULTANT or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDERCONSULTANT) shall entitle the BUYER CLIENT to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre pre-contract negotiations without assigning any reason or giving any; any compensation to the BIDDERCONSULTANT. However, the proceedings with the other BIDDER(sCONSULTANT(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract Contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER CLIENT and the BUYER CLIENT shall not be required to assign any reason thereforethereof. (iii) To immediately cancel the contractContract, if already signed, without giving any compensation to the BIDDERCONSULTANT. (iv) To recover all sums already paid by the CLIENT, with interest thereon at the prevailing 6 months KIBOR (Karachi Inter Bank Offer Rate). (v) To encash the advance bank guarantee and performance bond/warranty bond, if bond furnished by the BIDDERCONSULTANT, in order to recover the payments, already made by the BUYERCLIENT, along with interest. (vvi) To cancel all or any other contracts Contract with the BIDDERCONSULTANT. The BIDDER CONSULTANT shall be liable to pay compensation for any loss or damage to the BUYER CLIENT resulting from such cancellation/recession rescission and the BUYER CLIENT shall be entitled to deduct the amount so payable from the money(s) due to the BIDDERCONSULTANT. (vivii) To debar the BIDDER CONSULTANT from participating in the future bidding processes of LIC the Government of Pakistan for a minimum period of five years years, which may be further extended at the discretion of the BUYERCLIENT. (viiviii) To recover all sums paid in violation of this Pact PACT by ▇▇▇▇▇▇(sCONSULTANT(s) to any middleman or agent or broker with a view to securing the contractContract. (viiiix) In cases where irrevocable Letters of Credit have been received in respect of any contract signed by the CLIENT with the CONSULTANT, the same shall not be opened. (x) Forfeiture of Performance ▇▇▇▇ Guarantee in case of a decision by the BUYER CLIENT to forfeit the same without assigning any reason for imposing sanction for violation of this pactPact. 5.2. 5.2 The BUYER CLIENT will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viiix) of this pact Pact also on the Commission by the BIDDER CONSULTANT or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDERCONSULTANT), of an offence as defined in chapter IX of the Indian Pakistan Penal Codecode, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. 5.3 The decision of the BUYER CLIENT to the effect that a breach of the provisions of this pact Pact has been committed by the BIDDER CONSULTANT shall be final and conclusive on the BIDDERCONSULTANT. However, the BIDDER CONSULTANT can approach the Independent Monitor(s) appointed for the purposes of this Pact.

Sanctions for Violations. 5.1. a. Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may any be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. b. The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. c. The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.

Sanctions for Violations. 5.1. Any breach of the aforesaid provisions by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER) shall entitle the BUYER to take all or any one of the following actions, wherever required:- (i) To immediately call off the pre contract negotiations without assigning any reason or giving any; compensation to the BIDDER. However, the proceedings with the other BIDDER(s) would continue. (ii) The ▇▇▇▇▇▇▇ Money Deposit (in pre-contract stage) and/or Security Deposit/ Performance Bond Deposit (after the contract is signed) shall stand forfeited either fully or partially, as decided by the BUYER and the BUYER shall not be required to assign any reason therefore. (iii) To immediately cancel the contract, if already signed, without giving any compensation to the BIDDER. (iv) To encash the advance bank guarantee and performance bond/warranty bond, if furnished by the BIDDER, in order to recover the payments, already made by the BUYER, along with interest. (v) To cancel all or any other contracts with the BIDDER. The BIDDER shall be liable to pay compensation for any loss or damage to the BUYER resulting from such cancellation/recession and the BUYER shall be entitled to deduct the amount so payable from the money(s) due to the BIDDER. (vi) To debar the BIDDER from participating in the future bidding processes of LIC for a minimum period of five years which may any be further extended at the discretion of the BUYER. (vii) To recover all sums paid in violation of this Pact by ▇▇▇▇▇▇(s) to any middleman or agent or broker with a view to securing the contract. (viii) Forfeiture of Performance ▇▇▇▇ in case of a decision by the BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 5.2. The BUYER will be entitled to take all or any of the actions mentioned at para 5.1(i) to (viii) of this pact also on the Commission by the BIDDER or any one employed by it or acting on its behalf (whether with or without the knowledge of the BIDDER), of an offence as defined in chapter IX of the Indian Penal Code, 1860 or Prevention of Corruption Act, 1988 or any other statute enacted for prevention of corruption. 5.3. The decision of the BUYER to the effect that a breach of the provisions of this pact has been committed by the BIDDER shall be final and conclusive on the BIDDER. However, the BIDDER can approach the Independent Monitor(s) appointed for the purposes this Pact.