Document - irpmu.railnet.gov.in
Document - irpmu.railnet.gov.in
Document - irpmu.railnet.gov.in
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4. We ........................................................... Bank further agree that the Guarantee<br />
here<strong>in</strong> conta<strong>in</strong>ed shall rema<strong>in</strong> <strong>in</strong> full force and effect dur<strong>in</strong>g the period that would<br />
be taken for the performance of the said Agreement and that it shall cont<strong>in</strong>ue to be<br />
enforceable till all the dues of the Government under or by virtue of the said<br />
agreement have been fully paid and its claims satisfied or discharged or<br />
till.................... office/ department) M<strong>in</strong>istry of ...................... certifies that the<br />
terms and conditions of the said agreement have been fully and properly carried<br />
out by the said contractor(s) and accord<strong>in</strong>gly discharges this Guarantee. Unless a<br />
demand or claim under the Guarantee is made on us <strong>in</strong> writ<strong>in</strong>g on or before the<br />
................................. we shall be discharged from all liability under this Guarantee<br />
thereafter.<br />
5. We ................................................................................ further agree with<br />
(Indicate the name of bank)<br />
the Government that the Government shall have the fullest liberty without our<br />
consent without affect<strong>in</strong>g <strong>in</strong> any manner our obligations hereunder to vary any of<br />
the terms and conditions of the Agreement or to extend time of performance by<br />
the said Contractor(s) from time to time or to postpone for any time or from time<br />
to time any of the powers exercisable by the Government aga<strong>in</strong>st the said<br />
Contractor(s) and to forebear or enforce any other terms and conditions relat<strong>in</strong>g to<br />
the said Agreement and we shall not be relieved from our liability by reason of<br />
any such variation, or extension to the said Contractor(s) or for any forbearance,<br />
act or omission on the part of Government or any <strong>in</strong>dulgence by the Government<br />
to the said Contractor(s) or by any such matter or th<strong>in</strong>g whatsoever which under<br />
the law relat<strong>in</strong>g to sureties would but for this provision, have no effect of so<br />
reliev<strong>in</strong>g us.<br />
6. This Guarantee will not be discharged due to the change <strong>in</strong> the Constitution of the<br />
Bank or the Contractor(s)/Supplier(s).<br />
7. We ...................................................... lastly undertake not to revoke this<br />
(Indicate the name of bank)<br />
Guarantee dur<strong>in</strong>g its currency except with the previous consent of the<br />
Government <strong>in</strong> writ<strong>in</strong>g.<br />
Dated the .......................... day of ..................200 for<br />
......................................................................................<br />
(Indicate the name of the bank)<br />
Signature of contractor Page 91 of 104 Dy CSTE/Proj/IRPMU/CNB