ࡱ> >@=[ %bjbj 4(ΐΐ%UUUUUiiiii.|b.h#%%%%%%$tJIU ||  IUU^  UU# #pV;it0+BUh>,$$IIm:     :  Format 6.3 C Format for Bid Bond (To be on non-judicial stamp paper of appropriate value as per Stamp Act relevant to place of execution.) In consideration of the ----- [Insert name of the Bidder Company / Lead Member (in case of Consortium)] (hereinafter referred to as 'Bidder') submitting the response to RfP inter alia for selection of the project of the capacity of .. MW, at [Insert Capacity of Plant and name of the place] under Jawaharlal Nehru National Solar Mission Phase I Batch II for supply of power from there on long term basis, in response to the RfP dated _____ issued by NTPC Vidyut Vyapar Nigam Limited, New Delhi (herein after referred to as NVVN) and NVVN considering such response to the RfP of [ insert the name of the Bidder] as per the terms of the RfS & RfP, the ___________ [insert name & address of bank] hereby agrees unequivocally, irrevocably and unconditionally to pay to NVVN at 7th Floor, Core-3, Scope Complex, 7 Institutional Area, Lodhi Road, New Delhi 110003 forthwith on demand in writing from NVVN or any Officer authorised by it in on its behalf, any amount up to and not exceeding Rupees ------[Insert amount not less than that derived on the basis of Bid Bond Calculation Sheet] only, on behalf of M/s. _______________________ [Insert name of the Bidder] . This guarantee shall be valid and binding on this Bank up to and including 30th May 2012 and shall not be terminable by notice or any change in the constitution of the Bank or the term of contract or by any other reasons whatsoever and our liability hereunder shall not be impaired or discharged by any extension of time or variations or alternations made, given, or agreed with or without our knowledge or consent, by or between parties to the respective agreement. Our liability under this Guarantee is restricted to Rs. ___________ (Rs. ________________ only). Our Guarantee shall remain in force until 30th May 2012 and NVVN shall be entitled to invoke this Guarantee till 30th May 2012. The Guarantor Bank hereby agrees and acknowledges that the NVVN shall have a right to invoke this BANK GUARANTEE in part or in full, as it may deem fit. The Guarantor Bank hereby expressly agrees that it shall not require any proof in addition to the written demand by NVVN, made in any format, raised at the above mentioned address of the Guarantor Bank, in order to make the said payment to NVVN. The Guarantor Bank shall make payment hereunder on first demand without restriction or conditions and notwithstanding any objection by ------------- [Insert name of the Bidder] and/or any other person. The Guarantor Bank shall not require NVVN to justify the invocation of this BANK GUARANTEE, nor shall the Guarantor Bank have any recourse against NVVN in respect of any payment made hereunder This BANK GUARANTEE shall be interpreted in accordance with the laws of India and the courts at Delhi shall have exclusive jurisdiction. The Guarantor Bank represents that this BANK GUARANTEE has been established in such form and with such content that it is fully enforceable in accordance with its terms as against the Guarantor Bank in the manner provided herein. This BANK GUARANTEE shall not be affected in any manner by reason of merger, amalgamation, restructuring or any other change in the constitution of the Guarantor Bank. This BANK GUARANTEE shall be a primary obligation of the Guarantor Bank and accordingly NVVN shall not be obliged before enforcing this BANK GUARANTEE to take any action in any court or arbitral proceedings against the Bidder, to make any claim against or any demand on the Bidder or to give any notice to the Bidder or to enforce any security held by NVVN or to exercise, levy or enforce any distress, diligence or other process against the Bidder. The Guarantor Bank acknowledges that this BANK GUARANTEE is not personal to NVVN and may be assigned, in whole or in part, (whether absolutely or by way of security) by NVVN to any entity to whom NVVN is entitled to assign its rights and obligations under the PPA. Notwithstanding anything contained hereinabove, our liability under this Guarantee is restricted to Rs. ___________ (Rs. ________________________ only) and it shall remain in force until 30th May 2012. We are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only if NVVN serves upon us a written claim or demand. Signature ____________________ Name___________________ Power of Attorney No._______________ For ______ [Insert Name of the Bank] __ Banker's Stamp and Full Address. 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