Concessionaire’s Obligations Clause Samples

Concessionaire’s Obligations. In addition to and not in derogation or substitution of any of its other obligations under this Agreement, the Concessionaire shall have the following obligations:

Concessionaire’s Obligations. In addition to and not in derogation or substitution of any of its obligations under this Agreement, the Concessionaire shall have the following obligations: 7.1 Implementation of the scheme and operation & maintenance of equipments a. For the unit to be made operational in EOM model where equipment procurement and installation is to be done by the selected Private Service Provider, or where Renewal of agreement is required, they are required to keep a security deposit of Rs 10, 00,000/- Lakhs by way of Bank Guarantee in favour of the DoHFW with any scheduled/nationalized Bank acceptable to DoHFW. b. The selected Private partner shall ensure that the concession fee is paid to the concerned RKS on quarterly basis within the 10th day of the 1st month of the subsequent quarter to be incorporated in the agreement. The concession fee will be 20% of the gross revenue in each quarter or a fixed amount quoted as concession fees in each quarter whichever is higher. c. In case the private partner fails to pay the concession fees /20% of the gross revenue generated in the quarter whichever is higher within 10th of the first month of the subsequent quarter, interest @ 1%per month on the due concession fees will be imposed for each 15 days delay thereof subjected to a maximum allowable extension period of 3 months from last due date of payment of concession. All dues along with applicable interest have to be cleared within the allowable limit of 3 months beyond which relevant procedure for termination of contract and floating of e-tender for selection of new private partners will be initiated by the Hospital Authority/Department of Health & Family welfare. However penalty clause will be applicable till the date of decommissioning of the unit and handover of site under possession of the private partner to the hospital authority in interest of public service. In case there is any deviation in service the hospital authority may initiate appropriate action in form of FIR and other relevant measures under rule of law including black listing of the private partner. d. In case hospital authority fails to clear the dues within the stipulated time and date interest @ 1% per month on concession fee may be charged for each 30 days delay and thereof. This is subjected to the clause that the private partners pay the quarterly premium and raise bills with all proper documents within stipulated time as mentioned in clause 7C. e. As per Clause 7.1.c above if the partners fails to clea...

Concessionaire’s Obligations. The Concessionaire shall; a) hand over peaceful possession of the Project Site, Port’s Assets, the Project and the ProjectFacilities and Services free of Encumbrance; b) transfer all its rights, titles and interests in the assets comprised in the Project Facilities andServices which are required to be transferred to the Concessioning Authority in accordance withthis Agreement and execute such deeds and documents as may be necessary for the purposeand complete all legal or other formalities required in this regard; c) hand over to the Concessioning Authority all documents including as built drawings, manuals andrecords relating to operation and maintenance of the Project Facilities and Services; d) transfer technology and up-to-date know-how relating to operation and maintenance of the Port’sAssets and/or the Project Facilities and Services; e) transfer or cause to be transferred to the Concessioning Authority any Project Contracts which are (i) valid and subsisting; (ii) capable of being transferred to the Concessioning Authority; and (iii) those the Concessioning Authority has chosen to take over, and cancel or cause to be cancelledsuchProject Contracts not transferred to the Concessioning Authority. For this purpose, the Concessionaire shall ensure that all Project Contracts are assignable in favor of the Concessioning Authority without any further action on part of the respective counterparties. TheConcessionaire shall entirely at its cost, terminate all such Project Contracts which are nottransferred/assigned and/or are not required to be transferred/assigned to the ConcessioningAuthority; f) at its cost, transfer to the Concessioning Authority all such Applicable Permits which the Concessioning Authority may require, and which can be legally transferred. Provided if the termination is on account of Concessioning Authority Event of Default the cost of such transfer shall be borne/ reimbursed by the Concessioning Authority;

Concessionaire’s Obligations i. The Concessionaire shall on the date of expiry of the Concession Period, hand back vacant and peaceful possession of the Transportation vehicles & equipment, and Project Facilities including any tools, spares, inventory, vehicles, machinery and all other movables required for its functioning to the respective Authority free of cost and in good operable condition. ii. At least 3 months before the expected expiry of the Concession Period a joint inspection of the Project Site and Project Facility shall be undertaken by Project Engineer, Concessionaire and Authority. NNR and Project Engineer shall, within 15 days of such inspection prepare and furnish to the Concessionaire a list of works/ jobs (“Project Facility Handback Requirements”), if any, to be carried out so as to conform to the Construction Requirements and O&M Requirements. The Concessionaire shall promptly undertake and complete such works/jobs at least 3 months prior to the expected expiry of the Concession Period and ensure that the Project Facility continues to meet such requirements until thesame are handed back to NNR. iii. Project Engineer shall, within 15 days of the joint inspection undertaken under preceding clause (ii) prepare and furnish to the Concessionaire a list of items, if any, with corresponding distinctive descriptions, which are to be compulsorilyhanded back to NNR along with the Project Facility. iv. The Concessionaire hereby acknowledges NNR’s rights specified in Clause 9.3 enforceable against it upon Termination and its corresponding obligations arising therefrom. The Concessionaire undertakes to comply with and discharge promptly all such obligations. v. At least 3 months prior to the expiry of the Concession Period, the Concessionaire shall, for due performance of its obligations relating to handback of the Project Facility, submit to NNR a bank guarantee, in the form as set forth in Schedule (“Handback Guarantee”), from a bank acceptable to NNR. TheHandback Guarantee shall be kept valid for a period of 30 months. vi. Value of this handback guarantee shall be equivalent to works to be undertaken the concessionaire as assessed by Project Engineer for works mentioned in Project Handback Requirements .

Concessionaire’s Obligations. 4.1 Implementation of the scheme for the Fair Price Outlet

Concessionaire’s Obligations. Except with respect to the City’s funding of costs and expenses related to City Directives as contemplated by Section 5.1, the Concessionaire shall be responsible for obtaining any financing for the performance of its obligations under this Agreement, which financing shall comply with all requirements of this Agreement.

Concessionaire’s Obligations i. The Concessionaire shall on the date of expiry of the Concession Period, hand back peaceful possession of the Parking Facility to NHIDCL free of cost and in good operable condition. ii. Atleast 6 months before the expected expiry of the Concession Period, a joint inspection of the Parking Facility shall be undertaken by NHIDCL, Concessionaire and Independent Engineer. NHIDCL and Independent Engineer shall, within 45 days of such inspection prepare and furnish to the Concessionaire a list of works/ jobs (“Parking Facility Handback Requirements”), if any, to be carried out so as to conform to the Construction Requirements and O&M Requirements. The Concessionaire shall promptly undertake and complete such works/jobs at least three months prior to the expected expiry of the Concession Period and ensure that the Parking Facility continues to meet such requirements until the same are handed back to NHIDCL. iii. NHIDCL/Independent Engineer shall, within 45 days of the joint inspection undertaken under preceding sub-article

Concessionaire’s Obligations. The Concessionaire shall;

Concessionaire’s Obligations i. The Concessionaire shall on the date of expiry of the Concession Period, hand back vacant and peaceful possession of the Commercial Facilities, Public Convenience Facilities and walkways to NHIDCL free of cost and in good operable condition. ii. Atleast 12 months before the expected expiry of the Concession Period a joint inspection of the Commercial Facilities, Public Convenience Facilities and walkways shall be undertaken by NHIDCL, Independent Engineer and the Concessionaire. NHIDCL and Independent Engineer shall, within 45 days of such inspection prepare and furnish to the Concessionaire a list of works/ jobs (“Handback Requirements”), if any, to be carried out so as to conform to the Construction Requirements and O&M Requirements. The Concessionaire shall promptly undertake and complete such works/jobs at least three months prior to the expected expiry of the Concession and ensure that the Commercial Facilities, Public Convenience Facilities and Walkways continue to meet such requirements until the same are handed back to NHIDCL. iii. NHIDCL/Independent Engineer shall, within 45 days of the joint inspection undertaken under preceding sub-article