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). 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_ (as specified in RFP) as Xxxxxxx money/security, with the BUYER through any of the following instruments:-
(i) Bank draft or a pay order in favor 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 in the RFP).
5.2 The Xxxxxxx money / Security deposit shall be valid 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 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 sanction 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
(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 (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 specified in Section VI: List of Requirements, 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 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 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 oligations 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). 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.
Xxxxxxx Money (Security Deposit). 4.1 While submitting commercial bid, the BIDDER shall deposit an amount of Rs.5/- lakhs (Rupees five lakhs only) as Xxxxxxx Money/Security Deposit, with the BUYER through any of the following instruments:
(i) Bank Draft or a Pay Order in favour of Bank of Baroda
(ii) Any other mode or through any other instrument (to be specified in the RFP).
4.2 The Xxxxxxx Money/Security Deposit shall be valid upto the conclusion of the contractual obligations to the complete satisfaction of both the BIDDER and the BUYER, including warranty period, whichever is later.
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 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.
4.4 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). 8.1 Every bidder, while submitting commercial bid, shall deposit specified amount as Xxxxxxx Money/Security Deposit, with the buyer through any of the following instruments:-
(i) A confirmed Bank Guarantee/ FDR by an Indian Nationalized Bank, promising payment of the guaranteed sum to the Ministry of Home Affairs, Government of India, represented on behalf of the President of India, 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 for payment. A model Bank guarantee format is enclosed.
8.2 The Xxxxxxx Money/Security Deposit shall be valid up to a period as mentioned in Chapter-II of T.E. 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 Xxxxxxx Money/Security Deposit shall be refunded by the buyer to those bidder(s) whose bid(s) does/do not qualify for negotiation by the Commercial Negotiation Committee (CNC), as constituted by the Buyer, immediately after a recommendation is made by the CNC on the bid (s) after an evaluation.
8.3 In the case of 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.
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.
8.5 No interest shall be payable by the Buyer to the 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 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 ).