Acknowledgement by Applicant Clause Samples
The 'Acknowledgement by Applicant' clause serves to confirm that the applicant has read, understood, and agrees to the terms and conditions set forth in the agreement or application. Typically, this clause requires the applicant to explicitly acknowledge their awareness of important provisions, such as eligibility requirements, obligations, or potential risks associated with the agreement. By including this clause, the document ensures that the applicant cannot later claim ignorance of the terms, thereby protecting the organization from disputes and promoting transparency.
Acknowledgement by Applicant. 2.6.1 It shall be deemed that by submitting the Application, the Applicant has:
(a) made a complete and careful examination of the RFQ;
(b) received all relevant information requested from the Authority;
(c) accepted the risk of inadequacy, error or mistake in the information provided in the RFQ or furnished by or on behalf of the Authority relating to any of the matters referred to in Clause 2.5 above; and
(d) agreed to be bound by the undertakings provided by it under and in terms hereof.
2.6.2 The Authority shall not be liable for any omission, mistake or error in respect of any of the above or on account of any matter or thing arising out of or concerning or relating to the RFQ or the Bidding Process, including any error or mistake therein or in any information or data given by the Authority.
Acknowledgement by Applicant. The Applicant acknowledges that the liability of the Trustee to make payments in respect of the Notes is limited to its right of indemnity from the assets of the Trust from time to time available to make such payments under the Master Trust Deed. The Applicant further acknowledges that:
Acknowledgement by Applicant. It shall be deemed that by submitting the Proposal, the Applicant has made a complete and careful examination of the RFQ – cum - RFP; received all relevant information requested from the NITI Aayog; accepted the risk of inadequacy, error or mistake in the information provided in the RFQ – cum - RFP or furnished by or on behalf of the NITI Aayog; satisfied itself about all matters, things and information, including matters herein above, necessary and required for submitting an informed Application and performance of all of its obligations there under; acknowledged that it does not have a Conflict of Interest; and agreed to be bound by the undertaking provided by it under and in term hereof.