Common use of Appointment of Monitoring Agency Clause in Contracts

Appointment of Monitoring Agency. The Authority shall appoint a monitoring agency constituting of experts selected on basis of an open, transparent and competitive bidding process to be the monitoring agency under this Agreement (the “Monitoring Agency”). The appointment shall be made by no later than the time period prescribed in specified in Clause 4.2.1(ix) or such extended period as may be mutually agreed between the Authority and the Concessionaire and shall be for a period of 3 (three) years. On expiry or termination of the aforesaid period, the Authority may in its discretion renew the appointment, or appoint another panel to be constituted in the manner specified herein to be the Monitoring Agency for a term of 3 (three) years, and such procedure shall be repeated after expiry of each appointment for the entire Concession Period.

Appointment of Monitoring Agency. The Authority shall appoint a monitoring agency constituting of experts selected on basis of an open, transparent and competitive bidding process to be the monitoring agency under this Agreement (the “Monitoring Agency”). The appointment shall be made by no later than the time period prescribed in specified in Clause 4.2.1(ix6.1.2(l) or such extended period as may be mutually agreed between the Authority and the Concessionaire and shall be for a period of 3 (three) years. On expiry or termination of the aforesaid period, the Authority may in its discretion renew the appointment, or appoint another panel to be constituted in the manner specified herein to be the Monitoring Agency for a term of 3 (three) years, and such procedure shall be repeated after expiry of each appointment for the entire Concession Period.

Appointment of Monitoring Agency. The Authority shall appoint a monitoring agency constituting of experts selected on basis of an open, transparent and competitive bidding process to be the monitoring agency under this Agreement (the “Monitoring Agency”). The appointment shall be made by no later than the time period prescribed in specified in Clause 4.2.1(ix4.2.16.1.2(ixl) or such extended period as may be mutually agreed between the Authority and the Concessionaire and shall be for a period of 3 (three) years. On expiry or termination of the aforesaid period, the Authority may in its discretion renew the appointment, or appoint another panel to be constituted in the manner specified herein to be the Monitoring Agency for a term of 3 (three) years, and such procedure shall be repeated after expiry of each appointment for the entire Concession Period.