Construction of Funded Works Sample Clauses

Construction of Funded Works. 12.6.1 The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.6, reimburse the capital costs incurred by the Concessionaire for and in respect of the construction works referred to in Clause 12.6.2 (the “Funded Works”).
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Construction of Funded Works. 19.7.1 The TANGEDCO has determined that the capital cost of the Funded Works specified in Clause 19.7.2 shall not be borne by the Mine Developer and Operator and shall be reimbursed by the TANGEDCO in accordance with the provisions of this Clause 19.7. The works have to be executed by MDO at his expense. The actual documented expenditure or the pre-determined maximum amount, whichever is less, will be reimbursed by TANGEDCO after completion of the works and certification of Independent Engineer, in three annual installments, without interest. Any expenditure in excess thereof shall, save and except where such excess is on account of Force Majeure, Change of Scope or Change in Law, as the case may be, shall be borne entirely and solely by the Mine Developer cum Operator. All the above infrastructure facilities shall be registered in the name of TANGEDCO and shall be handed over to TANGEDCO at the end of life of mine or early termination thereof. The operation and maintenance of the above infrastructure facilities including all the repairs/replacement as and when required shall be carried out by the MDO at their own expenses and TANGEDCO is not liable to bear any such expenses.
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Construction of Funded Works. 19.7.1 The TANGEDCO has determined that the capital cost of the Funded Works specified in Clause 19.7.2 shall not be borne by the Mine Developer and Operator and shall be paid by the TANGEDCO in accordance with the provisions of this Clause 19.7. The works have to be executed by MDO at their expense. The actual cost shall be paid by TANGEDCO after completion of the works and certification of Independent Engineer.
Sample 1
Construction of Funded Works. The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.6, reimburse the capital costs incurred by the Operator for and in respect of the Construction Works referred to in Clause 12.6.2 (the “Funded Works”). The Parties acknowledge and agree that the lump sum costs of all Construction Works comprising Funded Works, as specified in Schedule-A, shall be deemed to be Rs. {*** (Rupees ********)}. The Parties further agree that the amount specified hereinabove shall be modified to the extent of variation in WPI occurring between the Bid Date and the Appointed Date, and the amount so revised shall be due and payable to the Operator. The Parties also acknowledge that the aforesaid costs of Funded Works have not been included in the figure specified in the definition of Total Project Cost.
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Related to Construction of Funded Works

  • Construction of Public Improvements a. Upon satisfaction of the conditions set forth in Paragraph 2.1 and the notice requirement set forth below, Developer shall construct the Public Improvements at its own expense in accordance with this Agreement, the Final Plat, the Resolution, the Civil Engineering Construction Plans, the Town’s ordinances, resolutions and regulations and all other applicable laws and regulations. All Public Improvements shall be installed and constructed within the rights- of-way or easements dedicated to the Town. Unless otherwise approved by the Town in writing, all materials used for constructing the Public Improvements shall be materials set forth on the Town’s approved material list. Workmanship and materials shall be of good quality.

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.

  • Construction of Improvements (A) Lessee warrants and agrees that the Building will be constructed on the Leased Premises, and all other improvements to the land, including the parking lot, approaches, and service areas, will be constructed in all material respects by Lessee substantially in accordance with the plot, plans, and specifications heretofore submitted to Lessor.

  • Construction Phase - Administration of the Construction Contract 1.6.1 The Construction Phase shall commence with the acceptance of the Construction Manager’s Guaranteed Maximum Price (or acceptance of a partial Guaranteed Maximum Price for a stage or phase) and issuance of a Notice to Proceed with Construction Services and terminate sixty (60) days after Final Payment to the Contractor is made, or when all of Architect/Engineer’s services have been satisfactorily performed, whichever occurs later.

  • Construction Phase Part 1 –

  • Suspension of unsafe Construction Works (i) Upon recommendation of the Authority’s Engineer to this effect, the Authority may by notice require the Contractor to suspend forthwith the whole or any part of the Works if, in the reasonable opinion of the Authority’s Engineer, such work threatens the safety of the Users and pedestrians.

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