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FMS - GAIL

FMS - GAIL

FMS - GAIL

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1.15.2 In the event of termination of contract, any amount due from the<br />

contractor to <strong>GAIL</strong> (including but not limited to non-performance and other<br />

deductions), <strong>GAIL</strong> shall have the unconditional option to invoke the<br />

Performance Bank Guarantee and claim the amount from the bank. The bank<br />

shall be obliged to make payment to <strong>GAIL</strong> on demand.<br />

***<br />

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