Section 4. The Bank is liable to pay the guaranteed amount or any part thereof under this bank guarantee only a

14. The Bank is liable to pay the guaranteed amount or any part thereof under this bank guarantee only and only if the Director, Mines /Deputy Commissioner serves upon the Bank a written claim or demand on or before the Expiry Date. Dated the [day] day of [month] [year] for the Bank. In witness whereof the Bank, through its authorized officer, has set its hand and stamp. ————————————— (Signature) (Name and Designation) (Bank Stamp) By order of Governor of Jharkhand Sunil Kumar Barnwal, Secretary of Government. ------------------- अध◌ीZक, झ◌ारख;ड र◌ाजक]य म ण◌ालय, र◌ा◌ँची dव◌ारा Qक◌ा शत एव मS त, झ◌ारख;ड गजट (स◌ाध◌ारण) 24--200 । 4. The Bank further unconditionally agrees with the Director, Mines /Deputy Commissioner that the Director, Mines /Deputy Commissioner shall be at liberty, without the Bank's consent and without affecting in any manner the Bank's obligation under this Guarantee, from time to time to: (i) vary and/or modify and of the terms and conditions of the Agreement; (ii) extend and / or postpone the time for performance of the obligations of the Successful Bidder under the Agreement, or (iii) forbear or enforce any of the rights exercisable by the Director, Mines /Deputy Commissioner against the Successful Bidder under the terms and conditions of the Agreement. and the Bank shall not be relieved from its liability by reason of any such act or omission on the part of the State or any indulgence by the Director, Mines /Deputy Commissioner to the Successful Bidder or other thing whatsoever which under the law relating to sureties would, but for this provision, have the effect of relieving the Bank of its obligations under this Guarantee.