Common use of NOW THE CONDITION Clause in Contracts

NOW THE CONDITION. of the ABOVE WRITTEN ▇▇▇▇ IS SUCH THAT THE father/guardian of the trainee and the surety jointly and severally undertake and guarantee without prejudice to the Government’s any other rights to refund to the Government on demand and without demur all expenses incurred by the Government including the stipend etc. paid for the training of the trainee, limited to Rs.20,000/-, if the trainee leaves the training or is discharged by the Government on the ground of disobedience of the lawful orders or negligence or other gross misbehaviour or if the trainee commits any breach of the conditions contained in the bond executed the said amount in lumpsum with interest calculated at fixed rates in force for Government expenditure incurred on Shri …………………………. shall be recovered. Signature of father/guardian Signature of Obligor BUT SO NEVERTHELESS that if the obligor shall die or become insolvent or at any time cease to be in the service of the Government the whole or so such of the said amount equal to the actual expenditure incurred on Shri thereof as shall then remain unpaid and the interest due on the said calculated amount the aforesaid manner from the day of the amount shall immediately become due and payable to the Government and be recoverable from the obligor in one instalment by virtue of this bond. The obligation undertaken by the Obligor shall not be discharged or in any way affected by extension of time or any other indulgence granted by the Government to the said obligor, Principal Debtor, whether or without the knowledge or consent of the surety. THE GOVERNMENT have agreed to bear the stamp duty, if any, for this document.

NOW THE CONDITION. of the ABOVE WRITTEN ▇▇▇▇ BOND IS SUCH THAT THE father/guardian of the trainee and the surety jointly and severally undertake and guarantee without prejudice to the Government’s any other rights to refund to the Government on demand and without demur all expenses incurred by the Government including the stipend etc. paid for the training of the trainee, limited to Rs.20,000/-Rs.28,500/-, if the trainee leaves the training or is discharged by the Government on the ground of disobedience of the lawful orders or negligence or other gross misbehaviour or if the trainee commits any breach of the conditions contained in the bond executed the said amount in lumpsum with interest calculated at fixed rates in force for Government expenditure incurred on Shri …………………………. shall be recoveredduly paid, then this bond shall be void otherwise the same shall be and remain in full force and virtue. Signature of father/guardian Signature of Obligor Surety BUT SO NEVERTHELESS that if the obligor shall die or become insolvent or at any time cease to be in the service of the Government the whole or so such of the said amount equal to the actual expenditure incurred on Shri thereof as shall then remain unpaid and the interest due on the said calculated amount the aforesaid manner from the day of the amount shall immediately become due and payable to the Government and be recoverable from the obligor surety in one instalment by virtue of this bond. The obligation undertaken by the Obligor surety shall not be discharged or in any way affected by extension of time or any other indulgence granted by the Government to the said obligor, Principal Debtor, whether or without the knowledge or consent of the surety. THE GOVERNMENT have agreed to bear the stamp duty, if any, for this document.