Examples of SFM Agreement in a sentence
The Facility Manager shall ensure and shall remain responsible that its Sub- Contractors and Licensees shall also adhere with Applicable Laws as required in the SFM Agreement.
Notwithstanding anything to the contrary contained in the SFM Agreement, the Facility Manager agrees and acknowledges that the Facility Manager shall not be entitled to any relief, including any alternation or adjustment to the SFM Project facilities, utilities and services in respect of any such Change in Law.
The affected Party shall also make efforts to resume performance of its obligations under the SFM Agreement as soon as possible and upon resumption, shall forthwith notify the other Party of the same in writing.
This SFMA Performance Guarantee shall be kept valid and effective (including through necessary extensions and/ or renewals and/ or reinstatements thereof) until six months from the Termination of the SFM Agreement.
Provided that such notification shall not have the effect of (i) remedying any breach of the representation or warranty that has been found to be untrue, inaccurate or incorrect; or (ii) adversely affecting the rights of Authority or releasing any obligation of Facility Manager under the SFM Agreement.
In such an event the consequences will be as per the Development Agreement, and the Termination Payment terms under Article 21.2 of this SFM Agreement shall not apply.
Provided that approved Maintenance and Replacement Plan (and the approval thereof by Authority), shall not relieve the Facility Manager of its obligation to duly undertake the Station Project as per Applicable Laws and Good Industry Practices, and the other provisions of the SFM Agreement.
Without prejudice to the generality of the foregoing, it is expressly agreed and acknowledged that no adjustment or alteration of the License Fee payable under this SFM Agreement or Term of SFMA hereof, shall be permitted to the Facility Manager on account of any alteration or variation in the feasibility or viability of the SFM Project, or the any revenues/ returns therefrom.
The Parties agree and acknowledge that Facility Manager shall together with the Maintenance Manual also provide to Authority, for its approval, a ‘Maintenance Budget’ setting forth the proposed budget for undertaking the SFM Project for the relevant Financial Year, which shall be consistent with the minimum annual allocation in terms of the Detailed Project Report and the requirements of the Maintenance Manual for such Financial Year as well as the SFM Agreement.
The Parties agree and acknowledge that Facility Manager shall together with the Maintenance Manual also provide to Authority, for its approval, a ‗Maintenance Budget‘ setting forth the proposed budget for undertaking the SFM Project for the relevant Financial Year, which shall be consistent with the minimum annual allocation in terms of the Detailed Project Report and the requirements of the Maintenance Manual for such Financial Year as well as the SFM Agreement.