Company and to forebear or enforce any of the terms

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__Company and to forebear or enforce any of the terms and conditions relating to the said Contract and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said
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107 Companyorforanyforbearance,actoromissiononthepartofGovernmentoranyindulgencebyGovern menttothesaid Companyoranysuchmatterorthingwhatsoever whichunderthelawrelatingtosuretieswould,butforthisprovision,haveeffectofsorelievingus. 5. The Bank further agreesthat the Guarantee herein contained shall remain in full force during the period that is taken for the performance of the Contract and all dues of the Government under or by virtue of this Contract have been fully paid and its claim satisfied or discharged or till Government discharges this Guaranteeinwriting,whicheverisearlier. 6. ThisGuaranteeshallnotbedischargedbyanychangeinourconstitution,intheconstitutionof CompanyorthatoftheContractor. 7. TheBankconfirmthatthisGuaranteehasbeenissuedwithobservanceofappropriatelawsofthecountry ofissue. 8. TheBankalsoagreethatthisGuaranteeshallbegovernedandconstruedinaccordancewithIndianLaws andsubjecttotheexclusivejurisdictionofIndiancourtsat ,India. 9. Notwithstandinganythingcontainedhereinabove,ourliabilitiesunderthisGuaranteeislimitedtoIndian Rupees/US$ ____________(in figures) Indian Rupees/US$ _______________ (in words) and our Guarantee shall remain in force upto ———————— and including sixty (60) days after the expiry date/extended date.Any claim under this Guarantee must be received before the expiry of sixty (60) days or before the expiry of sixty (60) days from the extended date if any. If no such claim has been received byuswithinsixty(60)daysafterthesaiddate/extendeddatetheGovernment’srightunderthiswillcease. However, if such a claim has been received by us within and upto sixty (60) days after the said date/ extendeddate,alltheGovernment’srightsunderthisGuaranteeshallbevalidandshallnotceaseuntilwe havesatisfiedthatclaim. Inwitnesswhereof,theBankthroughitsauthorisedofficershassetitshandandstamponthis dayof 200_at . Thesealofwasheretodulyaffixedbythisdayof ____________201_in accordance with its bye-laws and this Guarantee was duly signed byand asrequiredbythesaidbye-laws. Secretary President&Director Witness:
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108 APPENDIX I FORMAT OF TECHNICAL ASSESSMENT REPORT
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