Divestment Requirement Sample Clauses

Divestment Requirement. All defects and deficiencies specified in this Schedule-K shall be repaired and rectified by the Concessionaire so that the Project conforms to the Maintenance requirements on the Transfer Date. Annex-I (Schedule-K) Repair / Rectification of Defects and Deficiencies The O & M of Bus Terminal-cum-Commercial Complex premises shall be carried out to maintain the performance standards, which shall comprise, but shall not be limited to that described below. The performance levels define the level at which the Project is to be operated & maintained. Performance standards are defined for both the operation and maintenance. The obligation of the Concessionaire with respect to Maintenance requirements shall include the rectification of the defects and deficiencies specified below within the time limit set forth against such deficiency or defect. Notwithstanding anything contrary to specified in this schedule, if the nature and extent of any defect justifies more time for its repair or rectification as compared to time specified herein, the Concessionaire shall be entitled to additional time in conformity with good industry practice. However, the Concessionaire shall get prior approval from the Concessioning Authority, for such additional requirement of time. Notwithstanding anything to the contrary contained in this schedule, if any defect, deficiency or deterioration in the Project poses danger to the life and property of the Users thereof, the Concessionaire shall promptly take all reasonable measures in consultation with Concessioning Authority for elimination or minimizing such danger.
Sample 1Sample 2
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Divestment Requirement. All defects and deficiencies specified in this Schedule-K shall be repaired and rectified by the Concessionaire so that the Project conforms to the Maintenance requirements on the Transfer Date.
Sample 1

Related to Divestment Requirement

  • Payment Requirements ‌ If funding levels are significantly affected by state or federal budget and funds are not allocated and available for the continuance of the function performed by Subrecipient, the Contract may be terminated by the County at the end of the period for which funds are available. The County shall notify Subrecipient at the earliest possible time of any service, which will or may be affected by a shortage of funds. No penalty shall accrue to the County in the event this provision is exercised and the County shall not be obligated nor liable for any damages as a result of termination under this provision of this Contract, and nothing herein shall be construed as obligating the County to expend or as involving the County in any Contract or other obligation for future payment of money in excess of appropriations authorized by law.

  • Procurement Requirements The below listed provisions of State Procurement requirements shall be complied with throughout the contract period:

  • Development Requirements The exterior wall standards set forth in this section shall apply to the structures located on the Property. At least ninety percent (90%) of the combined exterior surface area of all walls, including all stories of buildings / structures, shall consist of stone, brick, painted or tinted stucco, and factory tinted (not painted) split faced concrete masonry unit or similar material approved by the Director of Planning.

  • Equipment Requirements No Equipment is provided to Customer as part of this Service.

  • Report Requirements The Company will send to the Reinsurer the following reports electronically, by the times indicated below:

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