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Tender invited for Development of Train Collision Avoidance System

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Page 2 <strong>of</strong> 2<br />

contract and we……………………………Bank Ltd. shall not be released from our liability<br />

under this guarantee by reasons <strong>of</strong> any such variation or extension being granted to the said<br />

Contractor or <strong>for</strong> any <strong>for</strong>bearance and/ or omission on the part <strong>of</strong> the President <strong>of</strong> India or any<br />

indulgence by the President <strong>of</strong> India to the said Contractor or by any other matter or thing whatso-ever<br />

which, under the law relating to sureties, would but <strong>for</strong> this provision have the effect <strong>of</strong><br />

so releasing us from our liability under this guarantee.<br />

5.We………………………………….Bank Ltd., further agree that the guarantee herein<br />

contained shall not be affected by any change in the constitution <strong>of</strong> the said Contractor.<br />

Date……………………….. Signature………………….<br />

Place………………………. Printed Name……………..<br />

Witness…………………… ……………………………<br />

…………………………….<br />

(Bank’s Common Seal)<br />

(Designation)<br />

<strong>Tender</strong> No. SP-3/041/Signal/OT/2012 48 <strong>of</strong> 60

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