guarantee will cease. However, if such a claim has been received by us within andupto sixty days after the said d<strong>at</strong>e/extended d<strong>at</strong>e, all the Company’s rights under thisGuarantee shall be valid and shall not cease until we have s<strong>at</strong>isfied th<strong>at</strong> claim.D<strong>at</strong>ed this …………………. Day of …………………2013..WITNESS:________________________(SIGNATURE)________________________(SIGNATURE)________________________(NAME)________________________(NAME)________________________(OFFICIAL ADDRESS)________________________(Design<strong>at</strong>ion with Bank Stamp)________________________ Attorney as per power ofAttorney No………………………D<strong>at</strong>ed:……………………………..Page 42 of 74
APPENDIX –IVPROFORMA OF BANK GUARANTEE(FOR EARNEST MONEY DEPOSIT AS APPLICABLE)(On non-judicial paper of appropri<strong>at</strong>e value)1) In consider<strong>at</strong>ion of M/s <strong>ONGC</strong> <strong>Mangalore</strong> Petrochemicals Ltd., An SEZ Unit registeredunder the Companies Act, 1956, having its Registered Office <strong>at</strong> <strong>Mangalore</strong> Special EconomicZone , Permude Village,<strong>Mangalore</strong> 574 509, hereinafter called “OMPL” which expressionshall, unless repugnant to the context or contrary to the meaning thereof, include itssuccessors and assigns having invited / flo<strong>at</strong>ed Tenderto_______________________________________________________Proprietorship /Partnership Firm / Company registered under the Indian Partnership Act, 1932 / theCompanies Act, 1956, having its office<strong>at</strong>___________________________________________________, (hereinafter called “theTenderer” which expression shall, unless repugnant to the context or contrary to themeaning thereof, include its successors and assigns vide Tender No._____________d<strong>at</strong>ed_______________ (hereinafter called “the Tender” which expression shall include anyamendments / alter<strong>at</strong>ions to the Tender by OMPL <strong>for</strong> the supply of goods to / execution of<strong>services</strong> <strong>for</strong> OMPL and OMPL having agreed not to insist upon immedi<strong>at</strong>e payment ofEarnest Money <strong>for</strong> the fulfillment and the per<strong>for</strong>mance of the said Tender in terms thereofon production of an acceptable Bank Guarantee <strong>for</strong> an amount ofRs.____________(Rupees_____________________only). We,______________ havingoffice <strong>at</strong>________________________………….. and Head Office <strong>at</strong> ……………………………………….(hereinafter referred to as “The Bank” which expression shall, unless repugnant to thecontext or contrary to the meaning thereof, include its successors and assigns <strong>at</strong> therequest and on behalf of the Tenderer hereby agree to pay to OMPL without any demur onfirst demand an amount not exceedingRs._______________(Rupees______________________only) against any loss or damage,costs, charges and expenses caused to or suffered by OMPL by reason of non-per<strong>for</strong>manceand non-fulfillment or <strong>for</strong> any breach on the part of the Tenderer of any of the terms andconditions of the said Tender.2) We___________further agree th<strong>at</strong> OMPL shall be the Sole Judge whether the saidTenderer has failed to per<strong>for</strong>m or fulfill the said Tender in Terms thereof or committedbreach of any of the terms and conditions of the Tender and the extent of loss, damage,costs, charges and expenses suffered or incurred or would be suffered or would be incurredby OMPL on account thereof.3) We________Bank further agree th<strong>at</strong> the amount demanded by OMPL as such shall befinal and binding on the Bank and the Bank undertake to pay to OMPL the amount sodemanded on first demand and without any demur notwithstanding any dispute raised bythe Tenderer or any suit or other legal proceedings including Arbitr<strong>at</strong>ion pendings be<strong>for</strong>eany Court, Tribunal or Arbitr<strong>at</strong>or rel<strong>at</strong>ing thereto and our liability under this guarantee beingabsolute and unconditional.4) We,_______________Bank, further agree with OMPL th<strong>at</strong> OMPL shall have the fullestliberty without our consent and without affecting in any manner our oblig<strong>at</strong>ions hereunderto vary any of the terms and conditions of the said Tender or extend time <strong>for</strong> theper<strong>for</strong>mance by the Tenderer from time to time or to postpone <strong>for</strong> any time any of thepowers exercisable by OMPL against the Tenderer and to <strong>for</strong>bear to en<strong>for</strong>e any of the termsand conditions rel<strong>at</strong>ing to the Tender and we shall not be relieved from our liability byreason of any such vari<strong>at</strong>ion or extension being granted to the Tenderer or <strong>for</strong> any<strong>for</strong>bearance, act or omission on the part of OMPL or any indulgence by OMPL to theTenderer or by any such m<strong>at</strong>ter or things wh<strong>at</strong>soever which under the law rel<strong>at</strong>ing tosureties would but <strong>for</strong> this provision have the effect of relieving us.Page 43 of 74
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