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 (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. 5.1 While submitting commercial bid, the BIDDER [A] shall deposit an amount (to be specified in RFP) as Xxxxxxx Money/ Security Deposit, with the BUYER CLIENT through any of the following instrumentsinstruments :- (i) Bank Draft or a Pay Order in favour of---------of (ii) A confirmed guarantee by an Indian Nationalized bankBank, promising payment of the guaranteed sum to the BUYER CLIENT on demand within three working days without any demur what so ever whatsoever and without seeking any reasons what so everwhatsoever. The demand for payment by the BUYER CLIENT shall be treated as conclusive proof of or 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 ------- (to be specified in RFP) as Xxxxxxx Money/ 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 Nationalised bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur what so ever whatsoever and without seeking any reasons what so everwhatsoever. 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 (to be as specified in RFP) the RFP as Xxxxxxx Money/ Money/Security Deposit, with the BUYER through any of the following instruments: (i) Bank Draft or a Pay Order in favour of---------of (ii) A confirmed guarantee by an Indian Nationalized bankNationalised Bank, promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur what so ever whatsoever and without seeking any reasons what so everwhatsoever. 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 instrument, as stated in the RFP). This clause is as per RFQ and not applicable for this tender.