Common use of DELAY IN PROCUREMENT Clause in Contracts

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for reasons not attributable to the Authority or due to a Force Majeure Event, the Operator shall pay Damages at the rate of [0.1 % (zero point one per cent) of the Performance Security] for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] as provided in the Procurement Schedule or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [10% (ten percent)] of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Default. 13.9.3 The Damages payable by the Operator shall become due and payable within [7 (seven)] days of receipt of notice in this regard from the Authority.

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for reasons not attributable to the Authority or due to a Force Majeure Event, the Operator shall pay Damages at the rate of [0.1 0.2 % (zero point one per cent) of the Performance Security] Securityequivalent to one bus for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] days as provided in the Procurement Schedule or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [10% (ten percent)] ) of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Event of Default. 13.9.3 The Damages payable by the Operator shall become due and payable within [7 (seven)] ) days of receipt of notice in this regard from the Authority.

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for reasons not directly attributable to the Authority or due to a Force Majeure Delay Event, the Operator shall pay Damages at the rate of [of 0.1 % (zero point one per cent) of the Performance Security] Security per bus for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] days from the scheduled date of procurement of such Bus as provided in the Procurement Schedule Delivery Schedule, for reasons not directly attributable to a Delay Event, or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [exceeds 10% (ten percent)] ) of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Default. 13.9.3 . The Damages payable by the Operator shall become due and payable within [7 (seven)] ) days of receipt of notice in this regard from the Authority.

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for 13for reasons not attributable to the Authority or due to a Force Majeure Event, the Operator shall pay Damages at the rate of [0.1 0.4 % (zero point one per cent) of the Performance Security] Security equivalent to one bus for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] days as provided in the Procurement Schedule or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [10% (ten percent)] ) of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Event of Default. 13.9.3 The Damages payable by the Operator shall become due and payable within [7 (seven)] ) days of receipt of notice in this regard from the Authority.

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for reasons not attributable to the Authority or due to a Force Majeure Event, the Operator shall pay Damages at the rate of [0.1 % (zero point one per cent) of the Performance Security] Security for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] days as provided in the Procurement Schedule or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [10% (ten percent)] ) of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Event of Default. 13.9.3 The Damages payable by the Operator shall become due and payable within [7 (seven)] ) days of receipt of notice in this regard from the Authority.

DELAY IN PROCUREMENT. 13.9.1 In the event the Operator is unable to procure any Bus as per this Article 13, for reasons not attributable to the Authority or due to a Force Majeure Event, the Operator shall pay Damages at the rate of [0.1 % (zero point one per cent) of the Performance Security] for each day of delay for each Bus (whose procurement is delayed) till the date of procurement of such Bus. 13.9.2 If the procurement of any Bus is delayed by a period exceeding [60 (sixty) days] as provided in the Procurement Schedule or if the Damages payable by the Operator for such delay in procurement of Buses amounts to [10% (ten percent)] of the Performance Security, notwithstanding anything provided in this Agreement, it shall be regarded as an Operator Event of Default. 13.9.3 The Damages payable by the Operator shall become due and payable within [7 (seven)] days of receipt of notice in this regard from the Authority.