Initial Security Deposit/ISD definition
Initial Security Deposit/ISD means 5% of the Annual Work Value of the Contractual Year to be deposited by the Mine Operator with IDCOL in shape of DD/ Pay Order/ Bank Guarantee as performance security for execution of the Agreement.
Initial Security Deposit/ISD means 10% of the Annual Work Value of the Contractual Year which is highest to be deposited by the Agency with OMC in shape of DD/ Pay Order/ Bank Guarantee as performance security for execution of the Agreement.