bank guarantee format for security deposit保证金保函格式

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1、ANNEXURE-IPROFORMAFORBANKGUARANTEEFOREARNESTMONEYDEPOSIT(EMD)(TobestampedinaccordancewithStampActifany,ofthecountryofissuingBank)BankGuaranteeNo.……………………..Date………………………………………Ref.………………………………….ToDAMODARVALLEYCORPORATIONDVCTOWERSVIPROADKOLKATA700054DearSir,I.Inaccordancewithy

2、ourNoticeInvitingQuotationfor………………………………………undersignedSpecificationNo.………………………………………dated…………………M/s……………………………………………………………………………………………(thereaftercalledtheTenderer),we,the…………………………………………..(theBank)submitthesaidBankGuaranteeonthefollowingterms&conditions:II.Whereastopartic

3、ipateinthesaidtenderforthefollowing*:1.………………………………………………………………………………………2.………………………………………………………………………………………3.………………………………………………………………………………………ItisaconditioninthetenderdocumentsthatthetendererhastodepositEarnestMoneyamountingtoRs.………………….(Rupees………………………………………..).Withrespect

4、tothetenderwithDAMODARVALLEYCORPORATION(hereinafterreferredtoas‘Corporation’)byaBankGuaranteefromanationalizedbankirrevocableandoperativetill1(one)monthafterthevalidityoftheoffer(i.e.…………monthsfromthedateofopeningoftender)forthelikeamountwhichislikelytobeforfeitedonthehappe

5、ningofcontingenciesmentionedintheTenderdocuments.III.AndwhereasthetendererdesirestosecureexemptionfromdepositofEarnestMoneybycashandhasofferedtofurnishaBankGuaranteeforasumofRs.……………………………totheCorporationasEarnestMoney.IV.Nowtherefore,wethe……………………….Bank,abodycorporateconst

6、itutedundertheBankingCompanies(AcquisitionandTransferofUndertaking)Act1969andbranchofficeat………………………………………(thereinafterreferredtoastheBank)doherebyundertakeandagreetopayforthwithondemandinwritingbytheDAMODARVALLEYCORPORATIONwithoutanydemur,reservationorrecourse.I.We,theafor

7、esaidbank,furtheragreethattheCorporationshallbethesolejudgeofandastowhetherthetendererhascommittedanybreachorbreachesofanyoftheterms,costs,chargesandexpensescausedtoorsufferedbyorthatmaybecausedtoorsufferedbytheCorporationonaccountthereofistheextentoftheEarnestMoneyrequired

8、tobedepositedbytheTendererinrespectofthesaidTenderdocumentsandthedecisionoftheCorp