Earnest Money Deposit definition

Earnest Money Deposit. (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

Earnest Money Deposit. (EMD) means monetary guarantee to be furnished by a Tenderer along with its tender.

Earnest Money Deposit. (EMD) means Bid Security/ monetary amount or financial guarantee to be furnished by a bidder along with its bid.

Examples of Earnest Money Deposit in a sentence

• If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Earnest Money Deposit/ Bid Security.

• In addition, his user ID will be deactivated and Earnest Money Deposit will stand forfeited.

• If the Principal/Owner has disqualified the Bidder(s) from the Tender process prior to the award of the Contract or terminated/determined the Contract or has accrued the right to terminate/determine the Contract according to Article 3(1), the Principal/Owner apart from exercising any legal rights that may have accrued to the Principal/Owner, may in its considered opinion forfeit the entire amount of Earnest Money Deposit, Performance Guarantee and Security Deposit of the Bidder/Contractor.

• The Bid shall be summarily rejected if it is not accompanied by the Earnest Money Deposit.

• The Earnest Money Deposit (in pre-contract stage) and/or Security Deposit/Performance Bond (after the contract is signed) shall stand forfeited either fully or partially, as decided by the CORPORATION and the CORPORATION shall not be required to assign any reason therefore.

More Definitions of Earnest Money Deposit

Earnest Money Deposit. (EMD) means Bid Security to be furnished by a bidder along with it’s tender.

Earnest Money Deposit. (EMD) means Bid Security/ monetary or financial guarantee to be submitted online and offline by a tenderer along with the techno –commercial bid.

Earnest Money Deposit means the total of any payments or deposits, however denominated or described, given by a pro- spective tenant to a landlord in return for the option of entering into a rental agreement in the future, or for having a rental agree- ment considered by a landlord. “Earnest money deposit” does not include a fee which a landlord charges for a credit check in com- pliance with s. ATCP 134.05 (3).

Earnest Money Deposit means the amount required to be remitted by a bidder along with his bid indicating his willingness to implement the contract.

Earnest Money Deposit means the refundable amount submitted by the interested applicant along with the Bid to the Licensor.

Earnest Money Deposit means the Demand Draft or Banker’s Pay Order or the bank guarantee furnished by the Vendor in lieu of cash in support of his/its bid as required by the Bid Documents.

Earnest Money Deposit. (EMD) means Bid Security/ monetary or financial