Conditions & Covenants Sample Clauses
The "Conditions & Covenants" clause sets out specific requirements and ongoing promises that parties must fulfill for the agreement to remain valid and effective. Typically, conditions refer to events or actions that must occur before certain obligations become enforceable, such as obtaining regulatory approvals or delivering necessary documents, while covenants are ongoing commitments like maintaining insurance or adhering to confidentiality. This clause ensures that both parties are clear on their responsibilities and the prerequisites for performance, thereby reducing misunderstandings and helping to manage risk throughout the contractual relationship.
Conditions & Covenants. 3.1 The scope of contract, consideration, terms of payment, price adjustment, taxes wherever applicable, insurance, penalties, performance guarantee and all other Terms and Conditions are contained in KSPDCL's letter of award/letter of intent (as applicable) no
3.2 The scope of work shall also include Shifting, dismantling and re-arranging of DTC, 11 KV & LT lines and arranging power supply to IP sets passing through 2000 MW Pavagada Solar Park in Rayacherlu and Tirumani Villages on TTK basis of all such items, which are not specifical1y mentioned in the contract documents, but which are needed for successful, efficient, safe & reliable operation of the equipment unless otherwise specifically excluded in the specifications under ‘exclusions' or letter of award/letter of intent (as applicable).
Conditions & Covenants. 3.1 The scope of work under the Contract shall include .................................................
3.2 The scope of work under the Contract as specified above, consideration, terms of payment, loans and advances, price variation, Contract Performance Guaranteeit, taxes wherever applicable, insurance, agreed time schedule, Liquidates Damages for delay and all other terms and conditions are contained in the Contract and the Contract shall be duly performed by the Consultant strictly and faithfully in accordance with the terms of this Contract.
3.3 The scope of Works shall also include all such items which are not specifically mentioned in the Contract, but which are necessary for the satisfactory completion of the entire scope of works envisaged under this contract unless otherwise specifically excluded from the scope in the Contract.
3.4 The progress of work shall conform to the agreed work schedule.
3.5 This Contract Agreement constitutes full and complete understanding between the parties and terms of these presents. It shall supersede all prior correspondence to the extent of inconsistency or repugnancy to the terms and conditions contained in he Contract Agreement. Any modifications of the Contract Agreement shall be effected only by written instruments signed by the authorized representatives of both the parties.
3.6 Time is the essence of the Contract and it shall be strictly adhered to.
3.7 It is expressly understood and agreed by and between the Consultant and the Employer that the Employer is entering into this agreement solely on its own behalf and not on behalf of any other person or entity. In particular, it is expressly understood and agreed that the Govt. of India is not a party to this Agreement and has no liabilities, obligations or rights hereunder. It is expressly understood and agreed that the Employer is an independent legal entity with power and authority to enter into Contracts solely on its own behalf under the applicable laws of India and the general principles of Contract Law. The Consultant expressly agrees, acknowledges and understands that the Employer is not an agent, representative or delegate of the Govt. of India. It is further understood and agreed that the Govt. of India is not and shall not be liable for any acts, omissions, commissions, breaches or other wrongs arising out of the Contract. Accordingly, Consultant expressly waives, releases and foregoes any and all actions or claims, including cross claims, impeder c...
Conditions & Covenants. Restrictions Providing for Public Use and Maintenance of Project Infrastructure.
Conditions & Covenants. It shall be a condition to the effectiveness of this Agreement that, on or before the execution hereof by Noteholder, (i) Borrower shall have paid the Noteholder (a) all unpaid taxes, insurance premiums, overdue monthly payments of principal and interest due and payable hereunder on the date of execution hereof, together with any late charges due under the Note and any other outstanding charges due to Noteholder under the Security Documents referred to in section 2 hereinabove, (b) the reprocessing/re-underwriting extension fee referred to in section 3 hereinabove, (c) attorneys' fees and charges incurred by Noteholder, referred to in section 19 hereinabove, and (d) the recording fees and any title insurance policy or endorsement premiums due to the Title Company referred to in section 11 hereinabove. The effectiveness of this Agreement shall also be conditioned on, prior to the execution of this Agreement by Noteholder, (i) Borrower's satisfactory completion, execution and delivery to Noteholder of a Notice to Borrower About Federal Disaster Relief Assistance relating to the Property, and (ii) Borrower's delivery to Noteholder or its counsel, in form satisfactory to Noteholder and its counsel, of those items set forth in that certain letter (including EXHIBIT "A" attached thereto) dated September 23, 1996, from BOMCC to Borrower. Satisfactory completion of the conditions listed above shall be evidenced by Noteholder's execution of this Agreement.
Conditions & Covenants. 3.1 Based on this Agreement, the Promoters/Beneficiaries shall issue work order to the empanelled firm of their choice in a standardized Format provided by MANIREDA wherein the following terms and conditions shall be incorporated: The scope of work, Consideration, Terms of payment, Taxes wherever applicable, Insurance, Liquidated Damages, and all other terms and conditions as contained in MANIREDA’s EOI No. EOI 5/SPP/RT/MANIREDA/2018-19, dated 9.8.2018 in conjunction with other aforesaid documents. The work shall be duly performed by the Firm strictly and faithfully in accordance with the terms of this Agreement and work order issued by the Promoter.
Conditions & Covenants. The scope of work under the Contract shall include . The detailed Scope of work is mentioned in the Technical Specification & Scope of Work (Volume II) as per Tender enquiry ref no. dated .
Conditions & Covenants