Restrictions on certain works. a Notwithstanding anything to the contrary contained in this Article 18, the Authority shall not require the Concessionaire to undertake any works or services if such works or services are likely to delay the Project COD; provided that in the event that the Authority considers such works or services to be essential, it may issue a Change of Scope Order, subject to the condition that the works forming part of or affected by such order shall not be reckoned for the purposes of determining completion of the Project and issuing the Completion Certificate or Deemed Completion Certificate.. b Notwithstanding anything to the contrary contained in this Article 18, the Concessionaire shall be entitled to nullify any Change of Scope Order if it causes the cumulative costs relating to all the Change of Scope Orders to exceed 10% (ten per cent) of the estimated market value of the buildings comprising the Project Facilities and Infrastructure in any continuous period of 3 (three) years immediately preceding the date of such Change of Scope Order or if such cumulative costs exceed 25% (twenty five per cent) of such market value at any time during the Concession Period.
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Samples: Concession Agreement, Concession Agreement
Restrictions on certain works. a 16.4.1 Notwithstanding anything to the contrary contained in this Article 1816, the Authority shall not require the Concessionaire to undertake any works or services if such works or services are likely to delay the [Project CODCOD]26; provided that in the event that the Authority considers such works or services to be essential, it may issue a Change of Scope Order, subject to the condition that the works forming part of or affected by such order shall not be reckoned for the purposes of determining completion of the Project and issuing the Completion Certificate or Deemed Completion Certificate.. b .
16.4.2 Notwithstanding anything to the contrary contained in this Article 1816, the Concessionaire shall be entitled to nullify any Change of Scope Order if it causes the cumulative costs relating to all the Change of Scope Orders to exceed [10% (ten per cent) )] of the estimated market value of the buildings comprising the Resort and the Project Facilities and Infrastructure in any continuous period of [3 (three) )] years immediately preceding the date of such Change of Scope Order or if such cumulative costs exceed [25% (twenty five per cent) )] of such market value at any time during the Concession Period.
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Samples: Concession Agreement
Restrictions on certain works. a 16.4.1 Notwithstanding anything to the contrary contained in this Article 1816, the Authority shall not require the Concessionaire to undertake any works or services if such works or services are likely to delay the Project CODCOD of the relevant Phase; provided that in the event that the Authority considers such works or services to be essential, it may issue a Change of Scope Order, subject to the condition that the works forming part of or affected by such order shall not be reckoned for the purposes of determining completion of the Project and issuing the Completion Certificate or Deemed Completion Certificate.. b .
16.4.2 Notwithstanding anything to the contrary contained in this Article 1816, the Concessionaire shall be entitled to nullify any Change of Scope Order if it causes the cumulative costs relating to all the Change of Scope Orders to exceed [10% (ten per cent) )] of the estimated market value of the buildings comprising the Resort and the Project Facilities and Infrastructure in any continuous period of [3 (three) )] years immediately preceding the date of such Change of Scope Order or if such cumulative costs exceed 25[20% (twenty five per cent) )] of such market value at any time during the Concession Period.
Appears in 1 contract
Samples: Concession Agreement
Restrictions on certain works. a 16.4.1 Notwithstanding anything to the contrary contained in this Article 1816, the Authority shall not require the Concessionaire to undertake any works or services if such works or services are likely to delay the Project COD; provided that in the event that the Authority considers such works or services to be essential, it may issue a Change of Scope Order, subject to the condition that the works forming part of or affected by such order shall not be reckoned for the purposes of determining completion of the Project and issuing the Completion Certificate or Deemed Completion Certificate.. b .
16.4.2 Notwithstanding anything to the contrary contained in this Article 1816, the Concessionaire shall be entitled to nullify any Change of Scope Order if it causes the cumulative costs relating to all the Change of Scope Orders to exceed 10% (ten per cent) of the estimated market value of the buildings comprising the Hotel and the Project Facilities and Infrastructure in any continuous period of 3 (three) years immediately preceding the date of such Change of Scope Order or if such cumulative costs exceed 25% (twenty five per cent) of such market value at any time during the Concession Period.
Appears in 1 contract
Samples: Concession Agreement