MSME. On 01st April of each fiscal year, Vendor should intimate Avaya whether it is registered under MSME Act, 2006 along with their Registration Certificate under MSME Act. This communication should be sent by Registered AD to Avaya’s Registered Office in Mumbai. In absence of any intimation by the vendor, Avaya would classify the vendor as a non MSME unit and Avaya would have no liabilities/responsibilities under MSME Act, with respect to any interest / penalties/ fees as the case may be are levied on Avaya. However, if the same are levied on Avaya, the Vendor undertakes to indemnify Avaya for an amount equal to amount payable/foregone by Avaya.
Appears in 2 contracts
Sources: Purchase Agreement, Purchase Agreement