Common use of Major Overhaul Clause in Contracts

Major Overhaul. 12.5.1. The Concessionaire may undertake Major Overhaul of a Long Term Storage Silo not more than once in every 5 (five) years in accordance with a schedule to be notified by the Concessionaire to the Authority, at least 1 (one) year in advance, and requiring the Authority to evacuate Food Grains from such Long Term Storage Silo prior to the scheduled date of commencement of Major Overhaul. Provided that a Major Overhaul shall not be scheduled during the Harvest Season or during a period of 6 (six) months following the Harvest Season. For the avoidance of doubt, unless the Parties mutually agree, not more than 1 (one) Silo shall be subjected to a Major Overhaul during the course of a Financial Year. 12.5.2. The Availability of the Silo Complex shall be deemed to be reduced during the period of Major Overhaul and such reduction shall bear the same proportion as the capacity of the Long Term Storage Silo being subjected to Major Overhaul does to the Capacity.

Appears in 6 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Major Overhaul. 12.5.1. The Concessionaire may undertake Major Overhaul of a Long Term Storage Silo not more than once in every 5 (five) years in accordance with a schedule to be notified by the Concessionaire to the Authority, at least 1 (one) year in advance, and requiring the Authority to evacuate Food Grains from such Long Term Storage Silo prior to the scheduled date of commencement of Major Overhaul. Provided that a Major Overhaul Xxxxxxxx shall not be scheduled during the Harvest Season or during a period of 6 (six) months following the Harvest Season. For the avoidance of doubt, unless the Parties mutually agree, not more than 1 (one) Silo shall be subjected to a Major Overhaul during the course of a Financial Year. 12.5.2. The Availability of the Silo Complex shall be deemed to be reduced during the period of Major Overhaul and such reduction shall bear the same proportion as the capacity of the Long Term Storage Silo being subjected to Major Overhaul does to the Capacity.

Appears in 1 contract

Samples: Concession Agreement

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