Common use of DAMAGE TO BUSES DUE TO VANDALISM Clause in Contracts

DAMAGE TO BUSES DUE TO VANDALISM. 14.7.1 In the event any damages to or need for repair of the Bus, Bus Depot, and/or Parking Space (if any) or any other asset handed over by the Authority to the Operator, arises during the Contract Period on account of Vandalism, the Operator shall be required to make good such damages and carry out such repairs so as to bring it/ them to the original condition to the extent possible. The Operator shall claim re-imbursement of cost, after deducting the insurance proceeds, if any received, for such repair and rectification from the Authority, in accordance with the manner specified below; 14.7.2 For claiming the cost incurred, the Operator shall send a written request to the Authority specifying the amount payable. In the event, the Authority fails to pay the same within 15 (fifteen) days from the date of receipt of the aforesaid request from the Operator, the Operator shall be entitled to seek payment of the amount in question along with interest of Bank Rate plus 2% (two percent) per annum up to a period of 45 (forty five) days to be reckoned from the date of receipt of such request from the Operator; 14.7.3 For the purpose of this clause, “Vandalism” is defined as destroying or damaging Bus, Bus Depot, and/or Parking Space (if any) or any other asset deliberately and/or for no reasons attributable to act of omission or breach of obligation of the Operator by the persons other than the employee or sub-contractor of the Operator;

DAMAGE TO BUSES DUE TO VANDALISM. 14.7.1 In the event any damages to or need for repair of the Bus, Bus Depot, and/or Parking Space (if any) or any other asset handed over by the Authority to the Operator, Operator arises during the Contract Period on account of Vandalism, the Operator shall be required to make good such damages and carry out such repairs so as to bring it/ them to the original condition to the extent possible. The Operator shall claim re-imbursement of cost, after deducting the insurance proceeds, if any received, for such repair and rectification from the Authority, Authority in accordance with the manner specified below; 14.7.2 For claiming the cost incurred, the Operator shall send a written request to the Authority specifying the amount payable. In the event, the Authority fails to pay the same within 15 (fifteen) days from the date of receipt of the aforesaid request from the Operator, the Operator shall be entitled to seek payment of the amount in question along with interest of Bank Rate plus 2% (two percent) per annum up to a period of 45 (forty five) days to be reckoned from the date of receipt of such request from the Operator; 14.7.3 For the purpose of this clause, “Vandalism” is defined as destroying or damaging Bus, Bus Depot, and/or Parking Space (if any) or any other asset deliberately and/or for no reasons attributable to act of omission or breach of obligation of the Operator by the persons other than the employee or sub-contractor of the Operator;

DAMAGE TO BUSES DUE TO VANDALISM. 14.7.1 In the event any damages to or need for repair of the Bus, Bus Depot, and/or Parking Space (if any) or any other asset handed over by the Authority to the Operator, Operator arises during the Contract Period on account of Vandalism, the Operator shall be required to make good such damages and carry out such repairs so as to bring it/ them to the original condition to the extent possible. The Operator shall claim re-imbursement of cost, after deducting the insurance proceeds, if any received, for such repair and rectification from the Authority, Authority in accordance with the manner specified below; 14.7.2 For claiming the cost incurred, the Operator shall send a written request to the Authority specifying the amount payable. In the event, the Authority fails to pay the same within 15 (fifteen) days from the date of receipt of the aforesaid request from the Operator, the Operator Authority shall be entitled liable to seek make payment of the amount in question along with interest of Bank Rate plus 2% (two percent) per annum up to upto a period of 45 (forty five) days to be reckoned from the date of receipt of such request from the Operator; 14.7.3 For the purpose of this clause, “Vandalism” is defined as destroying or damaging Bus, Bus Depot, and/or Parking Space (if any) or any other asset deliberately and/or for no reasons attributable to act of omission or breach of obligation of the Operator by the persons other than the employee or sub-contractor of the Operator;