Common use of Maha-Metro’s Clause in Contracts

Maha-Metro’s. right to take remedial measures 16.5.1 In the event the Concessionaire does not maintain and/or repair the Project and such breach is causing or likely to cause the safety and security of a public at a large, Maha- Metro shall, without prejudice to its rights under this Agreement including Termination thereof, be entitled to undertake such remedial measures at the risk and cost of the Concessionaire, and to recover its cost from the Concessionaire. In addition to recovery of the aforesaid cost, a sum equal to 25% (twenty five per cent) of such cost shall be paid by the Concessionaire to Maha-Metro as Damages /Overhead Expenses.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

AutoNDA by SimpleDocs

Maha-Metro’s. right to take remedial measures 16.5.1 In the event the Concessionaire does not maintain and/or repair the Project and such breach is causing or likely to cause the safety and security of a public at a large, Maha- Maha-Metro shall, without prejudice to its rights under this Agreement including Termination thereof, be entitled to undertake such remedial measures at the risk and cost of the Concessionaire, and to recover its cost from the Concessionaire. In addition to recovery of the aforesaid cost, a sum equal to 25% (twenty five per cent) of such cost shall be paid by the Concessionaire to Maha-Maha- Metro as Damages /Overhead Expenses.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

AutoNDA by SimpleDocs

Maha-Metro’s. right to take remedial measures 16.5.1 In the event the Concessionaire does not maintain and/or repair the Project and such breach is causing or likely to cause the safety and security of a public at a large, Maha- Maha-Metro shall, without prejudice to its rights under this Agreement including Termination thereof, be entitled to undertake such remedial measures at the risk and cost of the Concessionaire, and to recover its cost from the Concessionaire. In addition to recovery of the aforesaid cost, a sum equal to 25% (twenty five per cent) of such cost shall be paid by the Concessionaire to Maha-Metro as Damages /Overhead Expenses.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!