The Bank of Punjab Sample Clauses

The Bank of Punjab and pledged in the name of the Executive Engineer concerned, and on the maturity the amount of security is retrieved back in the Public Account and refunded to the contractor in prescribed manner. Clause 50: Refund of security deposit.
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The Bank of Punjab and pledge in the name of the Estate Engineer concerned and on the maturity the amount of security is retrieved back in the public account and refunded to the contractor in prescribed manner. Refund of security deposit
Sample 1
The Bank of Punjab and pledge in the name of the Executive Engineer concerned and on the maturity the amount of security is retrieved back in the public account and refunded to the contractor in prescribedmanner. Clause 50:(a) The amount retained as security deposit shall not be refunded to the contractor before the expiry of six (6) months in the case of original works valuing upto Rs. 5 million and twelve (12) months or even more, as may be determined by the Engineer Incharge with the prior approval of the Chief Engineer, in the case of works valuing above Rs. 5 million, after the issue of the certificate of completion of the work under Clause 40 hereof by the Engineer Incharge provided that in case the contractor is required by the Engineer Incharge to rectify any imprefection, damage, Deduction of security deposit. Conversion of security desires into credit bearing securities Refund of security deposit. Contractor Executive Engineer Payment only intermediate certificate to be regarded as advances. Final bill to be submitted within one month Procedure for payment to firms Sums payable by way of compensation to be considered as reasonable compensation without reference to actual loss. Defects or other faults on work, etc, during the period of maintenance, the security deposit shall not be refunded till the contractor has fulfilled his obligations under Clauses 43 and 44 hereof to the satisfaction of the Engineer Incharge.
Sample 1

Related to The Bank of Punjab

  • CITIBANK, N A. shall indemnify the Seller, each Affiliate of the Seller and each Person who controls any of such parties (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) and the respective present and former directors, officers, employees and agents of each of the foregoing, and shall hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon:

  • BANCO BILBAO VIZCAYA ARGENTARIA, S A. as swap counterparty (in such capacity, the “Counterparty”); and

  • Internet Banking service by means of which it is possible for the client to exercise various transactions posted by the Bank on the special web page of the bank xxx.xxxxxxxxx.xx (without visiting the Bank), according to the regulations established by the Bank;

  • Mobile Banking If Mobile Banking is activated for your account(s), you will be required to use secure login information to access the account(s). At the present time, you may use Mobile Banking to: - Deposit checks to your savings and checking accounts. - Withdraw funds from your savings, checking, and money market accounts. - Transfer funds from your savings, checking, and money market accounts. - Obtain balance information for your savings, checking, and money market accounts. - Make loan payments from your savings, checking, and money market accounts. - Determine if a particular item has cleared. - Verify the last date and amount of your payroll deposit. Your accounts can be accessed under Mobile Banking via mobile device or other approved access device(s). Mobile Banking will be available for your convenience 24 hours per day. This service may be interrupted for a short time each day for data processing. We reserve the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. All checks are payable to you as a primary member and will be mailed to your address of record. We may set other limits on the amount of any transaction, and you will be notified of those limits. We may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction and there may be limits on the duration of each access. The following limitations on Mobile Banking transactions may apply: - There is no limit to the number of inquiries, transfers, or withdrawal requests you may make in any one (1) day. - See Section 2 for transfer limitations that may apply to these transactions.

  • Authorized Signatories The parties each represent and warrant to the other that (1) the persons signing this lease are authorized signatories for the entities represented, and (2) no further approvals, actions or ratifications are needed for the full enforceability of this Lease against it; each party indemnifies and holds the other harmless against any breach of the foregoing representation and warranty.

  • Authorized Signatory With respect to any entity, each Person duly authorized to act as a signatory of such entity at the time such Person signs on behalf of such entity.

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