PROFORMA OF UNDERTAKING TO BE GIVEN BY THE SUPPLIER/CONTRACTOR FOR ACCEPTING PAYMENT THROUGH DIRECT CREDIT INTO THEIR BANK ACCOUNT (TO BE EXECUTED ON NON-JUDICIAL STAMP PAPER OF RS. ONE HUNDRED, DULY NOTORISED AND AFFIXED WITH Re, |/- REVENUE STAMP) THIS DEED OF UNDERTAKING executed this... evento day OF WO thoUSANG aNd... sessseseree by. ssosseem @ Company/Firm je under the laws of .S.2Ponyz.Aet. ASG. and having its Registered Office at. avs (hereinafier called the “Contractor” which expression shall include fis successors, executors and_permited assigns) in fivour of CHHATTISGARH STATE, POWER GENERATION COMPANY LIMITED a company incorporate under the Companies Act. 1956 and having its Registered Office at VIDYUT SEVA BHAWAN, DANGANIA, RAIPUR, CHHATTISGARH 492012 (hereinafter called the “CSPGCL” which expression shall include its successors, executors and permitted assigns). WHEREAS the “Contractor” has agreed to supply goods/services to the CSPGCL according to various Purchase/works orders placed by the later on the former and payments are released in routine by the CSPGCL. pursuant fo the terms and conditions of these Purchase/works orders fiom time 10 time. Also in addition t0 the present Purchas/works orders the contractor yenerally has or may have similar ongoing business transactions with the CSPGCL. AND WHEREAS among the various prevalent modes of effecting payments the mode of direct credit into contractors specified bank account through system like Banks RTGS/NEFT mode is considered to be a convenient and efficient mode of payment subject to the convenience and practicality of the same at CSPGCL end. NOW THEREFORE THIS UNDERTAKING WITHNESSTH as under: 01. In view of evident convenience and efficiency accrusble to the receiver of payments due to such mode of payment We Contractor do hereby declare that we tender our consent to. bear the bank charges or any other ‘charges associated with the operstion of the said mode of payment ie. the mode of direct credit into contractors designated bank aecount thorough Banks appropriate system eg, RTGSINEFT, etc. The CSPGCL shall be a liberty to deduct or recover such charges from us in any manner inckiding deduction from our bills, claims, deposits, ete 02, We further declare that for purpose of facilitating such payments, following are be the particulars of our bank account: ane of Company (Conan ‘Name of Bank Name of Branch and address of the Bank Branch ‘oniecor’s Bank Account no. in whieh paymenis @ tobe ransfered TFSC code ofthe Bank baneh MICR Cove IN WATNo. offi 03. Without in ay way affecting the general avd vu responsTiliy Th ns of ns Dee oF Undertaking, we contractors herby undertake to immediately provide’ any other infommaiowparculrsrequied by the CCSPGCL inthis regard, We also undertake to inform any changes in these particular immediately tthe CCSPGCL inthe form ofa iesh Undertaking or as may be advised by the CSPGCL in his regard. TH such changes are duly acepted and efTcted it shall beth contactor’ sole responsibility to make necesiry and effective avangementso safeguard its own interes.