Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL (to be specified in RFP) as Xxxxxxx Money as applicable/Security Deposit, with the PRINCIPAL through any of the following instruments:
(i) Bank Draft of Pay Order in favor of CSL.
(ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL shall be treated as conclusive proof of payment.
(iii) Any other mode or through any other instrument (to be specified in the RFP).
5.2 The Xxxxxxx Money if applicable/Security Deposit shall be valid upto the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPAL, including warranty period.
5.3 In case of the successful BIDDER a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL to forfeit the same without assigning any reason for imposing sanction for violation of this Pact.
5.4 No interest shall be payable by the PRINCIPAL to the BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount of Rs. _________( to be specified in RFP ) as xxxxxxx money / security deposit, with the BUYER through any of the following instrument :-
(1) Bank draft or a pay order in favour of Principal, Kendriya Vidyalaya, ______________________
(2) A confirmed guarantee by an Indian nationalized bank promising payment of the guarantee some to the BUYER on demand within three days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the BUYER shall be treated as conclusive proof of payment.
(3) Any other mode or through any other instrument (to be specified in the RPF)
5.2 The xxxxxxx money / security deposit shall be valid up to a period of five years or the complete conclusion that the contractual obligations to the complete satisfaction of both the BIDDER and the BUYER, including warrantee period whichever, is later.
5.3 In case of the successful BIDDER a clause would also be incorporated in the article pertaining to performance bound in the purchase contract that the provisions of sanctions for violation shall be applicable for forfeiture of performance bound in case of a decision by BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this pact.
5.4 No interest shall be payable by the BUYER to the BIDDER or xxxxxxx money / security deposit for the period of its currency.
Xxxxxxx Money (Security Deposit). The provision regarding Xxxxxxx Money/Security Deposit as detailed in the Notice Inviting Tender (NIT) and Instruction to Bidders (ITB) section of the Bid Document is to be referred.
Xxxxxxx Money (Security Deposit). 5.1. While submitting commercial bid, the BIDDER shall deposit an amount (to be specified in RFP) as Xxxxxxx Money/ Security Deposit, with the BUYER through any of the following instruments:
i) Bank Draft or a Pay Order in favour of---------
ii) A confirmed guarantee by an Indian Nationalized bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur what so ever and without seeking any reasons what so ever. The demand for payment by the BUYER shall be treated as conclusive proof of payment.
iii) Any other mode or through any other instrument (to be specified in the RFP).
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount
(i) Bank Draft or a Pay order in favour of
(ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the BUYER shall be treated as conclusive proof of payment.
(iii) Any other mode or through any other instrument (to be specified by the RFP).
5.2 The Xxxxxxx Money / Security Deposit shall be valid upto complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the BUYER.
5.3 In case of the successful BIDDER a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of Sanctions for Violation shall be applicable for 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.
5.4 No interest shall be payable by the BUYER to the BIDDER on Xxxxxxx Money / Security Deposit for the period of its currency.
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount specified in section VI : List of Requirement, as Xxxxxxx Money in the form mentioned in Clause 18 of Section II, General instructions to the Tenderers (GIT), with the BUYER.
5.2 The xxxxxxx money shall be valid upto a period of six months from the date of the validity of the tender.
5.3 In case of the successful BIDDER, a clause would also be incorporated in the Clause pertaining to Security Deposit/ Performance Bond in the Purchase Contract that the provisions of Sanctions for Violation shall be applicable for 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. The Security Deposit/ Performance Bond shall be valid for 60 days after the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the BUYER, including warranty period whichever is later.
5.4 No interest shall be payable by the BUYER to the BIDDER on Xxxxxxx Money/ Security deposit for the period of its currency.
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount Rs.……………………. (to be specified in RFP/Tender ) as Xxxxxxx Money as applicable/Security Deposit, with the BUYER through any of the following instruments:
(i) Bank Draft of Pay Order in favour of LIC.
(ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the BUYER shall be treated as conclusive proof of payment.
(iii) Any other mode or through any other instrument (to be specified in the RFP/Tender ).
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit an amount Rs. 7,87,000/- as Xxxxxxx Monery/ Security Deposit, with the BUYER through any of the following instruments.
i. Bank Draft or a Pay Order in favour of NAABRD
ii. A confirmed guarantee by an Indian Nationalised Bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur whatsoever and without any reasons whatsoever. The demand for payment by the BUYER shall be treated as conclusive proof of payment.
iii. Any other mode or through any other instrument (as specified in the RFP)
5.2 The Xxxxxxx Money/ Security Deposit shall be valid upto a period of One years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the BUYER, including warranty period, whichever is later.
5.3 In case of the successful BIDDER a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of Sanctions for Violation shall be applicable for 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.
5.4 No interest shall be payable by the BUYER to the BIDDER on Xxxxxxx Money/ Security Deposit for the period of its currency.
Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall deposit anamount (to be specified in Bid Document) as EarnestMoney/Security Deposit, with the 'BUYER/ EMPLOYER'through any of the following instruments:
(i) Bank Draft or a Pay Order in favour of
(ii) A confirmed guarantee by an Indian Nationalised Bank,promising payment of the guaranteed sum to the'BUYER/EMPLOYER' on demand within 3 workingdays without any demur whatsoever and without seekingany reasons whatsoever. The demand for payment by the'BUYER/ EMPLOYER' shall be treated as conclusiveproof of payment.
(iii) Any other mode or through any other instrument (to bespecified in the Bid Document).
5.2 The Xxxxxxx Money/Security Deposit shall be valid upto a period of months or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the ‘BUYER/EMPLOYER', including warranty period, whichever is later.
5.3 In case of the successful BIDDER, a clause would also beincorporated in the Article pertaining to Performance Security in theProject Contract that the provisions of Sanctions for Violation shall beapplicable for forfeiture of Performance Security in case of a decisionby the ‘BUYER/EMPLOYER’ to forfeit the same without assigning anyreason for imposing sanction for violation of this Pact.
5.4 No interest shall be payable by the 'BUYER/EMPLOYER' to theBIDDER on Xxxxxxx Money/Security Deposit for the period of itscurrency.
Xxxxxxx Money (Security Deposit). 6.1. Every BIDDER/SELLER/CONTRACTOR/SERVICE PROVIDER while submitting commercial bid, shall deposit an amount as specified in RFP/Tender Documents as Xxxxxxx Money/Security, Deposit, with the BUYER through any of the instruments as detailed in the tender documents.
