Interpretation Clause. In construing these Conditions, the Specifications, Schedule of Quantities and Contract Agreement, the following words shall have the meanings herein assigned to them except where the subject or context otherwise required. (a)"Employer" shall mean the Reserve Bank of India and shall include its assigns and successors. (b) "Contractor" shall mean (in the case of a Partnership) and trading in the name and style of and having a place of business at and shall include the partners for the time being of the said firm and the legal representatives of a deceased partner. (c) (In the case of “Contractor" shall mean Shri trading in individual) the name and style of and shall include his heirs, successors and legal representatives. (in the case of “Contractor" shall mean a company……………………………Company) incorporated under and having its registered office at and shall include its assigns and successors. (d) " This Contract" Shall mean the Articles of Agreement, the Special conditions, the Appendix, the Schedule of Quantities and specifications etc. attached hereto and duly signed. (e) "Notice in writing" Or written notice shall mean a notice in written, typed or printed characters sent (unless delivered personally or otherwise proved to have been received) by registered post to the last known private or business address to have been received when in the ordinary course of post it would have been delivered. (f) "Act of Insolvency" Shall mean any Act of Insolvency as defined by the Presidency Towns Insolvency Act or the Provincial Insolvency Act or any Act amending such original. (g) "Net Prices" If in arriving at the contract amount, the Contractor shall have added to or deducted from the total of the items in the Tender any sum, either as a percentage or otherwise, then the net price of any item in the Tender shall be the sum arrived at by adding to or deducting from the actual figure appearing in the Tender as the price of that item a similar percentage or proportion of the sum so added or deducted by the Contractor the total amount of any Prime Cost items and provisional sums of money shall be deducted from the total amount of the Tender. The expression "net rates" or "net prices" when used with reference to the contract or accounts shall be held to mean rates or prices so arrived at. 2.
