Common use of Provision of Spares upon Termination Clause in Contracts

Provision of Spares upon Termination. 24.2.1 The Operator shall provide to the Authority, free of charge, an inventory of Spares along with the Maintenance Depots transferred under this Article 24. The inventory shall comprise of Spares equivalent to one-half of the average annual consumption of Spares in the Buses and at the Maintenance Depots during the preceding 3 (three) Years. For this purpose, the Operator shall compute the total consumption of each Spare, during the preceding 3 (three) Years and divide the same by 3 (three) for arriving at the average annual consumption, and all fractions shall be rounded off to the nearest whole number.

Provision of Spares upon Termination. 24.2.1 The Operator shall provide to the Authority, free of charge, an inventory of Spares along with the Maintenance Depots transferred under this Article 24. The inventory shall comprise of Spares equivalent to one-half of the average annual consumption of Spares in the Buses and at the Maintenance Depots during the preceding [3 (three) Years)] years. For this purpose, the Operator shall compute the total consumption of each Spare, during the preceding [3 (three) Years )] years and divide the same by [3 (three) )] for arriving at the average annual consumption, and all fractions shall be rounded off to the nearest whole number.

Provision of Spares upon Termination. 24.2.1 The Operator shall provide to the Authority, free of charge, an inventory of Spares along with the Maintenance Depots transferred under this Article 24. The inventory shall comprise of Spares equivalent to one-half of the average annual consumption of Spares in the Buses and at the Maintenance Depots during the preceding [3 (three) )] Years. For this purpose, the Operator shall compute the total consumption of each Spare, during the preceding [3 (three) )] Years and divide the same by [3 (three) )] for arriving at the average annual consumption, and all fractions shall be rounded off to the nearest whole number.