XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE Sample Clauses

XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 8.1 An EMD of Rs. 8, 00,000/- (Rupees Eight Lakh only) and Non refundable Tender fee Rs. 3,000/- (Rupees Three Thousand only) shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favour of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks Surat 8.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Company Limited from any Nationalized Bank including Public Sector bank-IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra bank, Yes Bank, Ratnakar Bank, IndusInd Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or The Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahakari Bank Ltd, The Ahmedabad Mercantile Co-operative bank Ltd, The Mehsana Urban Co-operative Bank Ltd, Nutan Nagrik Sahakari Bank Ltd as per Performa of BG enclosed with this e-tender under Section-F. 8.3 In case EMD is paid in the form of BG, the same shall be valid for a period of 180 days after the due date for submission of the bid 8.4 The EMD of the successful bidder will be returned after payment of Security Deposit by successful bidder. 8.5 The xxxxxxx money deposit paid in the form of demand draft will be refunded to the unsuccessful BIDDER as soon as the tender is finalized. 8.6 Any bid not accompanied with EMD and Tender fee will be rejected. Tender fees and EMD should be submitted in physical form directly to GIPCL as per Clause 6.9. 8.7 No interest shall be payable on EMD. 8.8 The EMD will be forfeited if the BIDDER (i) withdraws his tender after acceptance or (ii) withdraws his tender before the validity date of the tender.
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XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 7.1 An EMD of Rs. 70,100/- (Rupees Seventy Thousand One Hundred only) and Non-refundable Tender fee of Rs.2,950/- (Rupees Two Thousand Nine Hundred and Fifty only), inclusive of 18% GST shall accompany with Bid. Tender fee shall be submitted through RTGS/ online xxxxx://xxxxxxx.xxxxx.xxx/web/. mode of payment only i.e. 7.2 The EMD shall be submitted in the form of DD/irrevocable Bank Guarantee in favour of Gujarat Industries Power Company Limited from any Scheduled Public Sector Bank or Private Sector Bank as per Proforma of irrevocable BG enclosed with this e-tender. Alternatively, EMD & Tender Fee may also be submitted through RTGS mode of payment by the bidders as per the details given below:- 1 Bank Name: Indian Overseas Bank 2 Branch :- PO Petrochemicals, Vadodara 3 IFSC code: IOBA0000473
Sample 1
XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 1.11.1 An EMD of Rs.15000 and Nonrefundable Tender fee Rs.2950 shall accompany with Bid. The EMD & Tender fee shall be in the form of a crossed bank Demand Draft in favor of Gujarat Industries Power Co. Ltd. as per following details: 1. Bank of Baroda Mosali, Dist: Surat 2. State Bank of India Nani Naroli, Branch Code: 13423 3. Any Nationalized banks Surat The EMD in alternative, may be submitted in form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Co. Ltd., payable at SBI – Nani Naroli (Branch Code- 013423) or Bank of Baroda – Mosali, Dist – Surat or any other banks payable at Surat or Bank guarantee from Any Nationalised including Public Sector bank- IDBI Ltd or AXIS Bank, HDFC Bank, ICICI Bank or Kotak Mahindra Bank, Ratnakar Bank, Indusind Bank, Kotak Mahindra Bank, Karur Vysya Bank, DCB Bank, ING Vyasya Bank or Kalupur Commercial Co-operative Bank Ltd, Rajkot Nagrik Sahkari Bank Ltd, The Ahmedabad Mercantile Co-operative Bank Limited ,The Mehsana urban co-operative bank Ltd Nutan Nagrik Sahkari Bank Ltd as per performa of BG inclosed with this e- tender as Annexure-C. 1.11.2 The EMD, in alternative, may be submitted in the form of irrevocable Bank Guarantee in favor of Gujarat Industries Power Company Limited from any Schedule Public Sector Bank or Schedule Private Sector Bank as per Performa of BG enclosed with this e-tender under Section-F. 1. Name of Account Holder: Gujarat Industries Power Co. Ltd. 2. A/c. No. : 33514692834
Sample 1
XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE. 1.11.1 An EMD of Rs. Rs.21000 /- (Rupees Twenty-One Thousand only) and Non re-fundable Tender fee Rs. 2,950/- (Rupees Two Thousand Nine Hundred Fifty Only) shall accompany with Bid. The EMD & Tender fee shall be submitted through RTGS/online mode of payment by bidder as per the following details: 1. Beneficiary Name - Gujarat Industries Power Company Limited. 2. A/C no. -33514692834 3. Name of Bank - State Bank of India
Sample 1

Related to XXXXXXX MONEY DEPOSIT (EMD) and TENDER FEE

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Interest on Deposit Liabilities The Assuming Institution agrees that, from and after Bank Closing, it will accrue and pay interest on Deposit liabilities assumed pursuant to Section 2.1 at a rate(s) it shall determine; provided, that for non-transaction Deposit liabilities such rate(s) shall not be less than the lowest rate offered by the Assuming Institution to its depositors for non-transaction deposit accounts. The Assuming Institution shall permit each depositor to withdraw, without penalty for early withdrawal, all or any portion of such depositor's Deposit, whether or not the Assuming Institution elects to pay interest in accordance with any deposit agreement formerly existing between the Failed Bank and such depositor; and further provided, that if such Deposit has been pledged to secure an obligation of the depositor or other party, any withdrawal thereof shall be subject to the terms of the agreement governing such pledge. The Assuming Institution shall give notice to such depositors as provided in Section 5.3 of the rate(s) of interest which it has determined to pay and of such withdrawal rights.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) with respect to each Letter of Credit issued by it, at the rate per annum equal to 0.125% computed on the daily maximum amount then available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within ten Business Days of demand and are nonrefundable.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows: (a) the sum of: (i) 5% of the Contract Price by cheque or Bank Guarantee; or (ii) 10% of the Contract Price by Bond on the date of this contract (First Instalment); and (b) the balance of 10% of the Contract Price (if it has not already been paid) by unendorsed bank cheque on the Date for Completion (Second Instalment)

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

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