Common use of Reduction in Scope of the Project Clause in Contracts

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 For determining the obligations of the Concessionaire under this Clause 16.6, the provisions of Clauses 16.1, 16.2 and 16.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified therein.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

AutoNDA by SimpleDocs

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning AuthorityMPRDC, the Concessioning Authority may, MPRDC may in its discretion, discretion require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Concessioning AuthorityMPRDC, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 For determining the obligations of the Concessionaire under this Clause 16.6, the provisions of Clauses Clause 16.1, 16.2 and 16.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority MPRDC hereunder, the Concessionaire shall pay forthwith the sum specified therein.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]19 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 15.6.2 For determining the obligations of the Concessionaire under this Clause 16.615.6, the provisions of Clauses 16.115.1, 16.2 15.2 and 16.4 15.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified thereinspecified.

Appears in 2 contracts

Samples: Public Private Partnership Agreement, Public Private Partnership Agreement

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Automation Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 For determining the obligations of the Concessionaire under this Clause 16.6, the provisions of Clauses 16.1, 16.2 and 16.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified therein.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]20 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 15.6.2 For determining the obligations of the Concessionaire under this Clause 16.615.6, the provisions of Clauses 16.115.1, 16.2 15.2 and 16.4 15.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified thereinspecified.

Appears in 1 contract

Samples: Public Private Partnership Agreement

AutoNDA by SimpleDocs

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Equipping Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]20 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 15.6.2 For determining the obligations of the Concessionaire under this Clause 16.615.6, the provisions of Clauses 16.115.1, 16.2 15.2 and 16.4 15.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified thereinspecified.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percentper cent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 15.6.2 For determining the obligations of the Concessionaire under this Clause 16.615.6, the provisions of Clauses 16.115.1, 16.2 15.2 and 16.4 15.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified therein.. Draft Concession Agreement

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]18 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. 16.6.2 15.6.2 For determining the obligations of the Concessionaire under this Clause 16.615.6, the provisions of Clauses 16.115.1, 16.2 15.2 and 16.4 15.4 shall apply mutatis mutandis, and upon issue of Change of Scope Order by the Concessioning Authority hereunder, the Concessionaire shall pay forthwith the sum specified thereinspecified.

Appears in 1 contract

Samples: Public Private Partnership Agreement

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