Common use of Damages for delay by the Authority Clause in Contracts

Damages for delay by the Authority. In the event that (i) the Authority does not procure fulfillment or waiver of any or all of the Conditions Precedent set forth in Article 4.1 within the period specified in respect thereof, and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure, the Authority shall extend the Concession Period for a period reckoned on a day to day basis, equivalent to the number of days of delay attributable to the Authority, subject to a maximum delay of 90 (ninety) days, after expiry of which the Concessionaire may issue a Termination Notice to the Authority. The Agreement shall stand terminated on the expiry of 15 (fifteen) days from the date of issue of Termination Notice.

Damages for delay by the Authority. In the event that (i) the Authority does not procure fulfillment fulfilment or waiver of any or all of the Conditions Precedent set forth in Article 4.1 within the period specified in respect thereof, and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure, the Authority shall extend the Concession Period for a period reckoned on a day to day basis, equivalent to the number of days of delay attributable to the Authority, subject to a maximum delay of 90 (ninety) days, after expiry of which the Concessionaire may issue a Termination Notice to the Authority. The Agreement shall stand terminated on the expiry of 15 (fifteen) days from the date of issue of Termination Notice.

Damages for delay by the Authority. In the event that (i) the Authority does not procure fulfillment or waiver of any or all of the Conditions Precedent set forth in Article 4.1 within the period specified in respect thereof, and (ii) the delay has not occurred as a result of breach of this Agreement by the Concessionaire or due to Force Majeure, the Authority shall extend the Concession Period for a period reckoned on a day to day basis, equivalent to the number of days of delay attributable to the Authority, subject to a maximum delay of 90 180 (ninetyone hundred and eighty) days, after expiry of beyond which the Concessionaire may issue a Termination Notice to the Authority. The Agreement shall stand terminated on the expiry of 15 (fifteen) days from the date of issue of Termination Noticebe deemed to be terminated.