Cost and Expenses. 6.9.1 The cost and expenses for successful and timely implementation and execution of the entire SFM Project and undertake the works related to Scope of the SFM Project as per terms and conditions of the SFM Agreement shall be borne by and be the liability of the Facility Manager. 6.9.2 If the Facility Manager fails to pay any Taxes, charges, outgoings payments etc., and the same are instead borne by Authority, then Authority shall be entitled, but not be obliged to pay the same and will be entitled to receive such amounts paid by Authority from the Facility Manager along with interest at a rate of 15% (fifteen percent) per annum. In addition the Facility Manager shall be liable to pay as damages to the Authority 25% (Twenty Five Percent) of the sum total of amount paid by Authority and interest payable to Authority.
Appears in 14 contracts
Samples: Station Facility Management Agreement, Station Facility Management Agreement, Station Facility Management Agreement
