Obligations of Authority. In addition to and not in derogation or substitution of any of the obligations, undertakings, terms and conditions or covenants set out elsewhere in this Agreement, the Authority agrees and undertake as under:
Obligations of Authority. The debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of any of the Commissioners or Members.
Obligations of Authority. In consideration of the City’s entering into this Agreement, the Authority agrees that it will comply with this Agreement, its Mitigation Monitoring Plan, the Project Approvals, and the Project Design Features. The parties acknowledge that the execution of this Agreement by the City is a material consideration for both the Authority’s acceptance of, and agreement to comply with, the terms and conditions of this Agreement and the Project Approvals.
Obligations of Authority. Section 801.
Obligations of Authority. The debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of the Members. In addition, pursuant to the Act, no Director shall be personally liable on the bonds or subject to any personal liability or accountability by reason of the issuance of bonds.
Obligations of Authority. Authority shall undertake, comply with and perform in addition to and not in derogation of its obligations elsewhere set out in this Agreement, the following:
Obligations of Authority. The Authority shall make regular payment to the Agency as per the terms of the contract. Medical College & hospital’s administration will provide space for a store room to the Agency in the premise of the medical college for storing equipment and materials The Authority shall be responsible to motivate hospital staff, patients & their relatives regarding cleanliness by putting display boards (No Smoking, Keep Silence etc.) at appropriate places. The Authority shall incorporate feedback about the services being provided by the Agency in its regular feedback mechanism and collate such feedback from the patients on a regular basis. Indicative parameters of feedback are provided in Schedule G. Pricing of Services Pricing of the services is as per the rates mentioned in Schedule D. These rates are all inclusive and the Authority is liable to pay up to a maximum of these rates after deducting applicable taxes and penalties. No price escalation shall be allowed during the period of the contract. Payment Mechanism The Agency needs to submit its bills for the preceding month by the 5th day of every working month in accordance with the approved rates (provided in Schedule D) to the Authority in triplicate. (Bills and requisite documents submitted after 5th of the month will be considered for payment in the next month) The bills will be accompanied with a copy of Attendance and Performance Certificates (provided in Schedule H & Schedule I). The authorized representative of medical college & hospital will check the bills & certificates, verify them and along with a statement of penalties to be levied based on the KPIs, and release the payments before 15th of the month. Wherever applicable, the finance cell should initiate electronic funds transfer instead of cheque payment to the Agency within the prescribed time limits. In case the Agency defaults on its obligations through the Key Performance Indicators (KPIs), a penalty shall be levied as mentioned under Schedule F of this Agreement. Above amounts shall be deducted from the monthly xxxx payable to the Agency. In case a xxxx submitted on time, and final payment (after deducting any applicable penalties) is not processed in time, (in line with Clause 5.1) despite availability of funds, interest @12% per annum shall be payable to the concerned agency, and the same shall be recovered from the concerned authority/concerned person responsible for the delay.
Obligations of Authority. The Authority covenants that it will cause to be paid, when due, the principal of, and redemption premium, if any, and interest on the Bonds on the dates and in the manner provided herein and in said Bonds according to the true intent and meaning thereof; provided, that it is understood that such obligations are not general obligations of the Authority but are limited obligations payable solely from the payments required to be made by the Borrower and the Guarantor under the Loan Agreement, any other revenues and funds derived under the Loan Agreement and the money attributable to proceeds of the Bonds and the income from the investment thereof, proceeds derived from the exercise of remedies under the Collateral Documents, and not from any other source or fund. Any amount in the Bond Fund available for any payment of the principal of and premium, if any, or interest on the Bonds shall be credited against any amount required to be caused by the Authority so to be paid. Except as in this Agreement otherwise provided, such principal, premium and interest are payable solely from the payments required to be made by the Borrower under Section 4.01 of the Loan Agreement and from any other revenues and funds derived under the Loan Agreement and this Agreement to the extent provided herein, which payments under the Loan Agreement, proceeds, revenues and funds to the extent provided in this Agreement are hereby pledged to the payment thereof in the manner and to the extent hereinabove particularly specified. The Bonds issued under the provisions of this Agreement and the premium, if any, and interest thereon shall not constitute an indebtedness of either the Commonwealth or any of its political subdivisions, other than the Authority, and neither the Commonwealth nor any of such political subdivisions, other than the Authority, shall be liable thereon, but the Bonds shall be payable solely from the revenues and proceeds provided therefor, and the Authority is not obligated to pay the Bonds or the premium, if any, or interest
Obligations of Authority. (A) The Authority covenants that it will cause to be paid promptly principal of, interest and all other amounts payable on every Bond on the dates and in the manner provided herein and in said Bond, according to the true intent and meaning thereof; provided, however, that any amount in the Bond Fund available for any payment of principal of or interest and all other amounts payable on the Bonds shall be credited against any amount required to be caused by the Authority so to be paid. Except as in this Trust Agreement otherwise provided, such principal amount, interest and other amounts are payable solely from the payments required to be made by the Borrower under Section 4.01 of the Loan Agreement and any other revenues and funds derived under the Loan Agreement, this Trust Agreement and the other Related Documents to the extent provided in this Trust Agreement, which payments under the Loan Agreement, revenues and funds to the extent provided in this Trust Agreement are hereby charged with the payment thereof in the manner and to the extent hereinabove particularly specified. --------------------------------------------
Obligations of Authority. Section 10.01. Operation as a Public Airport 33 Section 10.02. Access to Terminal Building Premises 33 Section 10.03. Use of Other Public Areas 33 Section 10.04. Maintenance of Airport System 34
