the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, the issuance of commissioning certificate by MMHE the FD acceptance certificate in accordance to the project requirement All bulk items of any CONTRACT amount [ ] 100% of the CONTRACT amount at the delivery of WORK upon receipt of the documents and fulfilment of the following: the correct invoice, the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, DO acknowledgement by MMHE, the delivery of the WORK in accordance with the terms and conditions of the CONTRACT and upon issuance of MAC, the FD acceptance certificate in accordance to the project requirement Remarks : MMHE shall be entitled to fully deduct payment for all cost borne by MMHE if any due to default, liquidated damages and/or any back charges. SUPPLIER’s Any tag items of any CONTRACT amount with delivery less than 8 weeks [ ] 100% of the CONTRACT amount at the delivery of WORK upon receipt of the documents and fulfilment of the following: the correct invoice, the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, DO acknowledgement by MMHE, the delivery of the WORK in accordance with the terms and conditions of the CONTRACT and upon issuance of MAC, the FD acceptance certificate in accordance to the project requirement a Performance Bond of 10% of the CONTRACT amount, to be valid from the date of the signing of CONTRACT until the expiry of three (3) months after the end of the WARRANTY and GUARANTEE period as defined in the clause “Performance of the present CONTRACT. The Performance Bond shall be opened with a Bond” bank operating in Malaysia acceptable to MMHE in accordance with the specimen given in Exhibit 2 - Appendix 1: Format of Performance Bond Bank Guarantee (if required). Remarks : MMHE shall be entitled to fully deduct payment for all cost borne by MMHE if any due to default, liquidated damages and/or any back charges. SUPPLIER’s WARRANTY AND GUARANTEE PERIOD The WARRANTY and GUARANTEE period shall mean the period of twenty four (24) months after completion of WORK or twelve (12) months after commissioning whichever is earlier. [ ]
the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, the issuance of commissioning certificate by MMHE the FD acceptance certificate in accordance to the project requirement All bulk items of any CONTRACT amount [ ] 100% of the CONTRACT amount at the delivery of WORK upon receipt of the documents and fulfilment of the following: the correct invoice, the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, DO acknowledgement by MMHE, the delivery of the WORK in accordance with the terms and conditions of the CONTRACT and upon issuance of MAC, the FD acceptance certificate in accordance to the project requirement Remarks : MMHE shall be entitled to fully deduct payment for all cost borne by MMHE if any due to SUPPLIER’s default, liquidated damages and/or any back charges. Any tag items of any CONTRACT amount with delivery less than 8 weeks [ ] 100% of the CONTRACT amount at the delivery of WORK upon receipt of the documents and fulfilment of the following: the correct invoice, the acknowledgement of the CONTRACT, without any reservation and duly signed by the SUPPLIER, DO acknowledgement by MMHE, the delivery of the WORK in accordance with the terms and conditions of the CONTRACT and upon issuance of MAC, the FD acceptance certificate in accordance to the project requirement a Performance Bond of 10% of the CONTRACT amount, to be valid from the date of the signing of CONTRACT until the expiry of three (3) months after the end of the WARRANTY and GUARANTEE period as defined in the clause “Performance Bond” of the present CONTRACT. The Performance Bond shall be opened with a bank operating in Malaysia acceptable to MMHE in accordance with the specimen given in Exhibit 2 - Appendix 1: Format of Performance Bond Bank Guarantee (if required). Remarks : MMHE shall be entitled to fully deduct payment for all cost borne by MMHE if any due to SUPPLIER’s default, liquidated damages and/or any back charges. WARRANTY AND GUARANTEE PERIOD The WARRANTY and GUARANTEE period shall mean the period of twenty four (24) months after completion of WORK or twelve (12) months after commissioning whichever is earlier. [ ]
Exhibit-1-Particular-Conditions.docx