ESTIMATED COST RS.31.50 LAKH (RUPEES THIRTY-ONE ... - IDCO

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by reason of any such variation, or extension being granted to the said contractor(s) or
for any forbearance, act or omission on the part of the Corporation or any indulgence by
the Corporation to the said contractor(s) or by any such matter or thing whatsoever
which under the law relating to sureties would but for this provision have effect of so
relieving us.
5. We (_______________________________) lastly undertake not to revoke this
guarantee during its currency.
6. Not withstanding what is stated above the guarantee is valid upto
(___________________________________) from the date of execution and our liability
therein is limited to a maximum of Rs._______________ unless a suit or an action to
enforce a claim under the guarantee is filed against
(___________________________________________________ ) on or before
(___________________________) all rights of the Orissa Industrial Infrastructure
Development Corporation, under the guarantee, shall be forfeited and the said Bank
shall be released and discharged from all liabilities there under.
Date at _____________________ the _________________________ day of
_______________________ two thousand ___________________.
N.B.: 1. Name of the supplier.
2. Number and date of order/agreement.
3. Name of the Bank.
4. Name of the Division Office.
5. Validity period or date up to which the guarantee is valid.
Signature of the Constituent
Authority of the Bank with Seal