Common use of Defects Liability After Termination Clause in Contracts

Defects Liability After Termination. Liability for defects after Termination The Concessionaire shall be responsible for all defects and deficiencies in the Storage Facility for a period of 120 (One hundred and twenty) days after Termination, and it shall have the obligation to repair or rectify, at its own cost, all defects and deficiencies observed by the Independent Expert in the Storage Facility during the aforesaid period. In the event that the Concessionaire fails to repair or rectify such defect or deficiency within a period of 15 (fifteen) days from the date of notice issued by the Authority in this behalf, the Authority shall be entitled to get the same repaired or rectified at the Concessionaire’s risk and cost so as to make the Storage Facility conform to the Maintenance Requirements. All costs incurred by the Authority hereunder shall be reimbursed by the Concessionaire to the Authority within 15 (fifteen) days of receipt of demand thereof, and in the event of default in reimbursing such costs, the Authority shall be entitled to recover the same from the Escrow Account.

Defects Liability After Termination. Liability for defects after Termination The Concessionaire shall be responsible for all defects and deficiencies in the Storage Facility Project for a period of 120 (One hundred and twenty) days after Termination, and it shall have the obligation to repair or rectify, at its own cost, all defects and deficiencies observed by the Independent Expert Maha-Metro in the Storage Facility Project during the aforesaid period. In the event that the Concessionaire fails to repair or rectify such defect or deficiency within a period of 15 (fifteen) days from the date of notice issued by the Authority Maha-Metro in this behalf, the Authority Maha-Metro shall be entitled to get the same repaired or rectified at the Concessionaire’s risk and cost so as to make the Storage Facility Project conform to the Maintenance Requirementsmaintenance requirements. All costs incurred by the Authority Maha-Metro hereunder shall be reimbursed by the Concessionaire to the Authority Maha-Metro within 15 (fifteen) days of receipt of demand thereof, and in the event of default in reimbursing such costs, the Authority Maha-Metro shall be entitled to recover the same from Termination Payment payable to the Escrow Account.Concessionaire. Part VI- Other Provisions

Defects Liability After Termination. 41.1 Liability for defects after Termination The Concessionaire shall be responsible for all defects and deficiencies in the Storage Medical Facility for a period of 120 (One one hundred and twenty) days after Termination, and it shall have the obligation to repair or rectify, at its own cost, all defects and deficiencies observed by the Independent Expert Panel in the Storage Medical Facility during the aforesaid period. In the event that the Concessionaire fails to repair or rectify such defect or deficiency within a period of 15 (fifteen) days from the date of notice issued by the Authority in this behalf, the Authority shall be entitled to get the same repaired or rectified at the Concessionaire’s risk and cost so as to make the Storage Medical Facility conform to the Maintenance Requirements. All costs incurred by the Authority hereunder shall be reimbursed by the Concessionaire to the Authority within 15 (fifteen) days of receipt of demand thereof, and in the event of default in reimbursing such costs, the Authority shall be entitled to recover the same from the Escrow Account.Performance Security. Part VI Other Provisions

Defects Liability After Termination. Liability for defects after Termination The Concessionaire shall be responsible for all defects and deficiencies in the Storage Facility Project Highway for a period of 120 60 (One hundred and twentysixty) days after Termination, and it shall have the obligation to repair or rectify, at its own cost, all defects and deficiencies observed by the Independent Expert Engineer in the Storage Facility Project Highway during the aforesaid periodperiod (the “Defects Liability Period”). In the event that the Concessionaire fails to repair or rectify such defect or deficiency within a period of 15 (fifteen) days from the date of notice issued by the Authority in this behalf, the Authority shall be entitled to get the same repaired or rectified at the Concessionaire’s risk and cost so as to make the Storage Facility Project Highway conform to the Maintenance Requirements. All costs incurred by the Authority hereunder shall be reimbursed by the Concessionaire to the Authority within 15 (fifteen) days of receipt of demand thereof, and in the event of default in reimbursing such costs, the Authority shall be entitled to recover the same from the Escrow Account.

Defects Liability After Termination. Liability for defects after Termination The Concessionaire Operator shall be responsible for all defects and deficiencies in the Storage Facility Buses and Maintenance Depot for a period of 120 [180 (One one hundred and twenty) eighty)] days after Termination, and it shall have the obligation to repair or rectify, at its own cost, all defects and deficiencies observed by the Independent Expert Authority in the Storage Facility Buses during the aforesaid period. In the event that the Concessionaire Operator fails to repair or rectify such defect or deficiency within a period of [15 (fifteen) )] days from the date of notice issued by the Authority in this behalf, the Authority shall be entitled to get the same repaired or rectified at the ConcessionaireOperator’s risk and cost so as to make the Storage Facility Buses conform to the Maintenance RequirementsObligations. All costs incurred by the Authority hereunder shall be reimbursed by the Concessionaire Operator to the Authority within [15 (fifteen) )] days of receipt of demand thereof, and in the event of default in reimbursing such costs, the Authority shall be entitled to recover the same from the Escrow Account.