Common use of Xxxxxxx Money (Security Deposit) Clause in Contracts

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 NIL amount………. (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/Security Deposit shall be valid upto a period of ….. years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, 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 the' Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL amount………. (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL B U Y E R on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/Security Deposit shall be valid upto a period of ….. years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, 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 the' Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL _ (to be specified in RFP) as Xxxxxxx Money as applicable// Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft or a Pay order in favour 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 BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) Any other mode or through any other instrument (to be specified in by 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 periodBUYER. 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/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 NIL (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favors of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/Security Deposit shall be valid upto up to a period of five years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 In case of the successful BIDDER a as per clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL (to be as specified in RFPtender) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL.Bank of Baroda, or (ii) A confirmed guarantee by an Indian Nationalized any Scheduled Commercial Bank other than Cooperative Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) Any other mode or through any other instrument (to be specified in the RFPtender). 5.2 4.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto a period of seven years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 4.3 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4 No interest shall be payable by the PRINCIPAL 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 BIDDER/CONSULTANT deposit an amount NIL (to be as specified in RFPTENDER) as Xxxxxxx Money as applicableMoney/Security Security, Deposit, with the PRINCIPAL REC through any of the following instruments: (i) 5.1.1. Bank Draft of or a Pay Order in favor favour of CSL.‘REC Limited’ payable at Gurugram (ii) 5.1.2. A confirmed guarantee by an Indian Nationalized a Commercial Bank, promising payment of paymentof the guaranteed sum to the PRINCIPAL RECL on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL RECL shall be treated betreated as conclusive proof of payment. (iii) 5.1.3. Any other mode or through any other instrument (to be specified in the RFPTENDER). 5.2 The Xxxxxxx Money if applicable/Money/ Security Deposit shall be valid upto the complete conclusion as per terms of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPAL, including warranty periodTENDER. 5.3 In the case of the successful BIDDER BIDDER/CONSULTANT, a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL REC to forfeit the same without assigning any reason for imposing sanction for violation forviolation of this Pact. 5.4 No interest shall be payable by the PRINCIPAL REC to the BIDDER on BIDDER/CONSULTANTon 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 NIL (to be specified in RFP) of Rs. 25,00,000/- or USD 37,711/- as Xxxxxxx Money as applicable// Security Deposit, with the PRINCIPAL BUYER through any of the following instrumentsinstruments : (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Bank, any bank in NALCO’s approved list of bankers promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 for nine months beyond validity period of offer. In case of security deposit, same should be valid till the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, 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 Sactions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/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 NIL (to be specified in RFP) as Xxxxxxx Money as applicable// Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) Any other mode or through any other instrument (to be specified in by 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 periodBUYER. 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/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 NIL (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/Security Deposit shall be valid upto a period of five years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 In case of the successful BIDDER a as per clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL (to be specified in RFP) as Rs. 1,60,000/-as Xxxxxxx Money as applicable/Monery/ Security Deposit, with the PRINCIPAL BUYER through any of the following instruments:. (i) i. Bank Draft of or a Pay Order in favor favour of CSL.NABARD (ii) . A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) . Any other mode or through any other instrument (to be as specified in the RFP). 5.2 The Xxxxxxx Money if applicable/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 PRINCIPALBUYER, 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Money/ Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 8.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL of Rs. (to be specified in NIT/LTE/RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, security deposit with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL.……………………………….. (ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons reason whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of for payment. (iii) Any other mode or through any other instrument ([to be specified in the NIT/LTE/RFP)]. 5.2 8.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto the complete conclusion of the contractual obligations to for the complete satisfaction of both the BIDDER and the PRINCIPAL, including BUYER or upto the warranty period, whichever is later. 5.3 8.3 In case of the successful BIDDER BIDDER, a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 8.4 No interest shall be payable by the PRINCIPAL BUYER to the the- BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1. 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 BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) Any other mode or through any other instrument (to be specified in by the RFP). 5.2 4.2. 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 periodBUYER. 5.3 4.3. 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4. No interest shall be payable by the PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Money / Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid, the BIDDER shall BIDDER/CONSULTANT deposit an amount NIL (to be as specified in RFPTENDER) as Xxxxxxx Money as applicableMoney/Security Security, Deposit, with the PRINCIPAL REC through any of the following instruments: (i) 5.1.1. Bank Draft of or a Pay Order in favor favour of CSL.‘REC Limited’ payable at Gurugram (ii) 5.1.2. A confirmed guarantee by an Indian Nationalized a Commercial Bank, promising payment of the guaranteed sum to the PRINCIPAL RECL on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL RECL shall be treated betreated as conclusive proof of payment. (iii) 5.1.3. Any other mode or through any other instrument (to be specified in the RFPTENDER). 5.2 The Xxxxxxx Money if applicable/Money/ Security Deposit shall be valid upto the complete conclusion as per terms of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPAL, including warranty periodTENDER. 5.3 In the case of the successful BIDDER BIDDER/CONSULTANT, a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL REC to forfeit the same without assigning any reason for imposing sanction for violation forviolation of this Pact. 5.4 No interest shall be payable by the PRINCIPAL REC to the BIDDER BIDDER/CONSULTANT on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL (to shall be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL.Bank of Baroda (ii) A confirmed guarantee by an Indian Nationalized BankBank other than Bank of Baroda, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 4.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto a period of seven years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 4.3 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4 No interest shall be payable by the PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL (to shall be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL.Bank of Baroda (ii) A confirmed guarantee by an Indian Nationalized BankBank other than Bank of Baroda, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 4.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto a period of 18 Months or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 4.3 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4 No interest shall be payable by the PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 While submitting commercial bid8.1. All procurement cases above Rs. 5 Cr and up to Rs. 100 Cr, Integrity Pact is required to be executed without any additional Financial Guarantee. The EMD/SD/PBG required to be submitted by the vendor as prescribed in the respective Procurement Manual shall only act as the financial guarantee for the IP. 8.2. The validity of the IP will be the validity of the EMD/SD/PBG or the complete conclusion of contractual obligations to complete satisfaction of both the bidder and the buyer, whichever is later. In case there are more than one bidder, 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 applicableMoney/Security Deposit shall be valid upto refunded by the complete conclusion buyer to those bidder(s) whose bid does not qualify (do not qualify) after the stages of TEC/ TPC, as constituted by the contractual obligations to Buyer, immediately after a recommendation is made by the complete satisfaction of both the BIDDER and the PRINCIPAL, including warranty periodTEC/TPC on bid(s) after an evaluation. 5.3 8.3 In the case of the successful BIDDER bidder a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL Buyer to forfeit the same without assigning any reason for imposing sanction for violation of this pact. 8.4 The provisions regarding Sanctions for Violation in Integrity Pact include 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 Integrity Pact. 5.4 8.5 No interest shall be payable by the PRINCIPAL Buyer to the BIDDER Bidder(s) 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 NIL amount………. (to be specified in RFPBid documents) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BU YER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/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 PRINCIPALBUYER, 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 the' Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL Rs. (Rupees ) (to be specified in RFP) as Xxxxxxx Money as applicable/Money/ Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL“The Xxxxxxxxxxx Burn and Xxxxxx Construction Co. Ltd.” payable at Kolkata. (ii) A confirmed guarantee by an Indian Nationalized Nationalised/ Scheduled Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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/Money/ Security Deposit shall be valid upto up to a period of five years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPAL, BUYER including warranty period, whichever is earlier. 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 Sanctions of Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 BIDDDER shall deposit an amount NIL Rs. 10,00,000/- (Rs.Ten Lakh) (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments:. (i) i. Bank Draft of or a Pay Order in favor favour of CSL.National Bank for Agriculture and Rural Development (ii) . A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of payment. (iii) . Any other mode or through any other instrument (to be specified as indicated in the RFP). 5.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto up-to a period of three years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL amount………. (to be specified in RFPBid documents) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 applicableMoney/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 PRINCIPALBUYER, 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 the' Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL 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 NIL (` 17160/- ( to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments:. (i) Bank Draft of or a Pay Order in favor favour of CSL.Pay and Accounts Officer, CWPRS, (ii) A confirmed guarantee by an Indian Nationalized Nationalised Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER 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 RPF) The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto a period of five years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period. 5.3 , whichever is later. 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL 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 PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Money/ Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 8.1 While submitting commercial bid, the BIDDER shall deposit an amount NIL of Rs (to be specified in NIT/LTE/RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, security deposit with the PRINCIPAL BUYER through any of the following instruments: (i) Bank Draft of or a Pay Order in favor favour of CSL.……………………………….. (ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons reason whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of for payment. (iii) Any other mode or through any other instrument ([to be specified in the NIT/LTE/RFP)]. 5.2 8.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto the complete conclusion of the contractual obligations to for the complete satisfaction of both the BIDDER and the PRINCIPAL, including BUYER or upto the warranty period, whichever is later. 5.3 8.3 In case of the successful BIDDER BIDDER, a clause would also be incorporated in the Article pertaining to Performance Bond in the Purchase Contract that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same without assigning any reason for imposing sanction for violation of this Pact. 5.4 8.4 No interest shall be payable by the PRINCIPAL BUYER to the 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 [A] shall deposit an amount NIL (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL CLIENT through any of the following instruments: (i) Bank Draft of or a Pay Order order in favor of CSL.favour of (ii) A confirmed guarantee by an Indian Nationalized Bank, promising payment of the guaranteed sum to the PRINCIPAL CLIENT on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL CLIENT shall be treated as conclusive proof of or payment. (iii) Any other mode or through any other instrument (to be specified in the RFPBID). 5.2 The Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto the complete conclusion a period of five years or the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALCLIENT, including warranty period, whichever is later. 5.3 In case of the successful BIDDER [A] a clause would also be incorporated in the Article pertaining to Performance Bond Guarantee in the Purchase Contract [B] that the provisions of sanctions Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL CLIENT to forfeit the same without assigning any reason for imposing sanction for violation of this Pactpact. 5.4 No interest shall be payable by the PRINCIPAL CLIENT to the BIDDER [A] on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1 While submitting commercial bidBid, the BIDDER shall deposit an amount NIL (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) mode mentioned in the RFP / Bid document and no such mode is specified, by a Bank Draft of or a Pay Order in favor of CSL. (ii) A confirmed guarantee State Bank of India from any Bank including SBI . However payment of any such amount by an Indian Nationalized Bankway of Bank Guarantee, if so permitted as per Bid documents / RFP should be from any Scheduled Commercial Bank other than SBI and promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of paymentfor making such payment to the BUYER. (iii) Any other mode or through any other instrument (to be specified 4.2 Unless otherwise stipulated in the Bid document / RFP). 5.2 The , the Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto up to a period of five years or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 4.3 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same same- without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4 No interest shall be payable by the PRINCIPAL BUYER to the BIDDER on Xxxxxxx Money/Security Deposit for the period of its currency.

Xxxxxxx Money (Security Deposit). 5.1 4.1 While submitting commercial bidBid, the BIDDER shall deposit an amount NIL (to be specified in RFP) as Xxxxxxx Money as applicableMoney/Security Deposit, with the PRINCIPAL BUYER through any of the following instruments: (i) mode mentioned in the RFP / Bid document and if no such mode is specified, by a Bank Draft of or a Pay Order in favor favour of CSL. (ii) A confirmed guarantee State Bank of India from any Bank including SBI . However payment of any such amount by an Indian Nationalized Bankway of Bank Guarantee, if so permitted as per Bid documents / RFP should be from any Scheduled Commercial Bank other than SBI and promising payment of the guaranteed sum to the PRINCIPAL BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever. The demand for payment by the PRINCIPAL BUYER shall be treated as conclusive proof of paymentfor making such payment to the BUYER. (iii) Any other mode or through any other instrument (to be specified 4.2 Unless otherwise stipulated in the Bid document / RFP). 5.2 The , the Xxxxxxx Money if applicableMoney/Security Deposit shall be valid upto completion of reverse auction or the complete conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the PRINCIPALBUYER, including warranty period, whichever is later. 5.3 4.3 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 Sanctions for Violation shall be applicable for forfeiture of Performance Bond in case of a decision by the PRINCIPAL BUYER to forfeit the same same-without assigning any reason for imposing sanction for violation of this Pact. 5.4 4.4 No interest shall be payable by the PRINCIPAL 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 NIL amount……………… (to be specified in RFPtender) as Xxxxxxx Money as applicable/Security Deposit, with the PRINCIPAL through any of the following instruments: (i) Bank Draft of or Pay Order in favor favour of CSLPRINCIPAL. (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 RFPtender). 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.