Terms of contract and payment Sample Clauses

Terms of contract and payment. 2.10.1 All compensations or other sums of money payable by the contractor to the Bank under the terms of this contract shall be deducted from the Security Deposit or other dues payable or becoming payable to the contractor. Shortfall in the Security Deposit caused by such deductions shall be made good by the contractor within three working days from such deduction/s failing which the Bank shall recover interest at the simple rate of interest of 18.00 per cent (%) per annum (pa) for the amount of shortfall and the period for which such shortfall continues.
Sample 1
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Terms of contract and payment. 3.1 The details of the supply are regulated in the general terms and conditions of contract, (page 2) and will be auto- matically accepted by signing the contract.
Sample 1
Terms of contract and payment. 2.10.1 On receipt of an intimation from the Bank of the acceptance of his/their tender, the successful tenderer shall sign an agreement in accordance with the Draft Agreement and the schedule of rates and shall submit a Bank Guarantee of Rs.2,00,00,000/- (Rupees Two Crore only) within a week of such intimation. However, the written acceptance by the Reserve Bank of India of a tender will constitute a binding contract between the Reserve Bank of India and the person so tendering, whether such formal agreement is or is not subsequently executed.
Sample 1

Related to Terms of contract and payment

  • TERMS OF CONTRACT 1.1 The Contractor shall provide the Authority with the Goods and/or Services in accordance with the terms and conditions of this Contract which shall comprise of all of the documents set out below in paragraph 1.2 (as the same may be supplemented or varied from time to time).

  • CONDITIONS OF CONTRACT The contractor shall at all times observe and comply with federal and State laws, local laws, ordinances, orders, and regulations existing at the time of or enacted subsequent to the execution of this contract which in any manner affect the completion of the work. The contractor shall indemnify and save harmless the agency and all its officers, representatives, agents, and employees against any claim or liability arising from or based upon the violation of any such law, ordinance, regulation, order or decree by an employee, representative, or subcontractor of the contractor.

  • GENERAL CONDITIONS OF CONTRACT 1. Definitions 1.1 In this Contract, the following terms shall be interpreted as indicated:

  • SPECIAL CONDITIONS OF CONTRACT The following Special Conditions of Contract (SCC) shall supplement and/or amend the General Conditions of Contract (GCC).Whenever there is a conflict, the provisions herein shall prevail over those in the GCC. [The Procuring Entity shall select insert the appropriate wording using the samples below or other acceptable wording, and delete the text in italics].

  • Representations of Contractor To the best of Contractor’s knowledge, Contractor agrees that:

  • Form of Contract The form of contract for this solicitation shall be the Request for Proposal, the awarded proposal(s) and best and final offer(s), and properly issued and reviewed purchase orders referencing the requirements of the Request for Proposals. If a vendor submitting an offer requires TIPS and/or TIPS Member to sign an additional agreement, a copy of the proposed agreement must be included with the proposal. Vendor contract documents: TIPS will review proposed vendor contract documents. Vendor’s contract document shall not become part of TIPS’s contract with vendor unless and until an authorized representative of TIPS reviews and approves it.

  • ADDITIONAL TERMS OF SETTLEMENT 22. This settlement is agreed upon in accordance with section 24.4 of MFDA By-law No. 1 and Rules 14 and 15 of the MFDA Rules of Procedure.

  • TYPES OF CONTRACT MODIFICATIONS In order to expedite processing of a contract modification, where proposed changes involve more than one category below, each change should be submitted to OGS as a separate request.

  • Obligations of Contractor Contractor agrees that:

  • EXTENSION OF CONTRACT The Director of Procurement Services may, with the consent of the contractor extend the Contract period beyond the indicated expiration date.

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