Rights of the Authority. If in the reasonable opinion of the Authority, the Contractor is in material breach of its obligations under this Contract for maintenance of the assured LAD at the Project, the Authority may, without prejudice to any of its rights under this Contract including Termination thereof, by notice require the Contractor to take reasonable measures for the handling of vessel. In the event that the Contractor, upon receipt of notice above, fails to maintain the assured LAD at the Project within a reasonable period, the Authority may take over performance of any or all obligations of the Contractor to the extent deemed necessary by it for maintaining the LAD at the Project, at the risk and cost of the Contractor and to recover any costs and expenses incurred by the Authority in discharge of its obligations hereunder from the Contractor; provided that such taking over by the Authority shall be of no greater scope and of no longer duration than is reasonably required. the Authority has the right, to recover the costs specified in Article 7.3 directly from the Contractor as if such costs were O&M Expenses Liability for shortfall in performance In the event the Authority, whether from the review of reports submitted by the Contractor or otherwise, observes that Scope of Work falls short of the Performance Standards, the Authority shall issue a demand notice to the Contractor seeking liquidated damages. The liquidated damages shall be calculated in accordance with Annexure IV of this Contract. The liquidated damages shall be payable within 30 (thirty) days of the date of issue of notice. On failure of the Contractor to pay the same, Authority shall recover the amount from the Performance Bank Guarantee provided by the Contractor. Provided that, within 15 (fifteen) days of receipt of demand notice, the Contractor may make a written representation to the Authority which shall be considered by the Authority on merits. The Authority may waive the liquidated damages in part or full, if it is satisfied that the Contractor has been carrying out its obligations diligently and efficiently and that the performance shortfall to be waived was on account of reasons beyond the control of the Contractor. It is clarified that this provision does not prejudice the rights of the Authority upon a Contractor Event of Default as set out in Article 15 including the Authority’s right to terminate this Contract which shall remain unaffected.
Rights of the Authority. 7.2.1 In addition to the other rights as specified elsewhere in this Contract, the Authority shall:
Rights of the Authority. It is understood and agreed by OWNER and RESIDENT that the Authority shall have the right (but shall not be obligated) to exercise any and all of the rights of OWNER hereunder in the event of a breach or violation by RESIDENT of any of the provisions hereof.
Rights of the Authority. The Authority may assign, negotiate, pledge or otherwise hypothecate this Agreement, the Note and the Loan Documents or any of its rights and security hereunder or thereunder, in whole or in part. In case of such assignment, the Borrower will accord full recognition thereto and hereby agrees that all rights and remedies of the Authority in connection with the interests so assigned shall be enforceable against the Borrower by the assignee thereof.
Rights of the Authority. The Authority retains for itself any and all rights and powers not expressly granted to Concessionaire; however, without limiting the generality of the foregoing, the Authority shall have the following specific rights:
Rights of the Authority
