Risk Clause Sample Clauses

Risk Clause. Notwithstanding anything contained in any other clause, BHEL reserves the right to terminate the contract without any notice as above in case of any failure on the part of the Contractor in discharging his obligations under the contract or in the event of his becoming insolvent or going into liquidation or for any administrative reason. The decision of the BHEL about the failure on the part of the Contractor shall be final and binding on the Contractor. BHEL shall be at liberty to foreclose any part of the contract for any reason whatsoever by issuing a notice of one month and tender such work to another contractor to undertake the same by itself or otherwise. If there is any stoppage of service in any area of the Guest House operation, for any reason, the Contractor is liable for penalty action as decided by BHEL. In the event of any failure on the part of the Contractor, BHEL shall have the right, without any prejudice, to get the work done through any other alternate agency at the risk and cost of the Contractor. The additional cost, loss, if any incurred by BHEL will be recovered from the Contractor.
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Risk Clause. 14.1. All necessary reports and other information will be supplied on a mutually agreed basis and regular meetings will be held with the nodal officer of SCI and (or) Procuring Entity. Agency and its staff shall take proper and reasonable precautions to preserve from loss, destruction, waste or misuse the areas of responsibility given to them by the Client and shall not knowingly lend to any person or company any of the effects or assets of the Client, under its control. 14.2. In the event of loss/damage of equipment etc. at the premises of the facility due to negligence/carelessness of the staff deputed by the Agency, if established after an enquiry, then the Agency shall compensate the loss to the Facility. The contractor or its representative/s shall meet the designated respective nodal officer or his/her representative(s) regularly to take feedback regarding the Housekeeping Services. (a) The contractor will also maintain a complaint/suggestion book, at every location where his/her staff is deployed, for comments on the housekeeping services. (b) The contractor shall, in performing its part of this Agreement, ensure the safety of the building and the persons working in or visiting the premises and shall indemnify by any act of the contractor or its employees or staff etc. (c) The contractor shall not assign or sublet this Agreement or any part thereof to any third party. (d) Training on behavior aspects and ethics must be done regularly. Government way of working should be communicated to all housekeeping staff. (e) License, if any, required for Housekeeping Services at the site will be made available by the contractor (service provider).
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Risk Clause. The Director, CICR reserves the right to discontinue the service at any time, if the services are found unsatisfactory by giving a show-cause to be replied within a week and also has the right to award the contract to any other agency at the risk and cost of current agency and excess expenditure incurred on account of this can be recovered from Security Deposit or pending bills or by rising a separate claim.
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Risk Clause. The User is aware of the following risks of the Miner and cryptocurrency industry, and assumes the possible losses at its own will:
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Risk Clause. IARI reserves the right to discontinue the service at any time, if the services are found unsatisfactory by giving a show-cause to be replied within a week and also has the right to award the contract to any other agency at the risk and cost of current agency and excess expenditure incurred on account of this can be recovered from S.D. or pending bills or by raising a separate claim. 1. An amount equivalent to two days of contract amount subject to a minimum of Rs. 1000/- will be levied as liquidated damages per day. Whenever and wherever it is found that the work is not up to the mark in any Section. It will be brought to the notice of the supervisory staff of the firm by XXXX and if no action is taken within one hour liquidated damages clause will be invoked. 2. Any misconduct/misbehavior on the part of the manpower deployed by the agency will not be tolerated and such person(s) will have to be replaced immediately. The Director, XXXX reserves the right to reject any or all Tenders in whole or in part without assigning any reasons thereof. The decision of Director, IARI shall be final and binding on the contractor/agency in respect of any clause covered under the Contract. Last Date of Receipt of Tender : 31.12.2015 at 13.00 Date of Opening of Financial Bid : As per the intimation. To, The Assistant Admn. Officer, Division of Entomology, IARI, New Delhi-110012 . Sir, I/We wish to submit our Tenders for the Annual Contract of job work for different activities related to Divisional Field, Division of Entomology, IARI, New Delhi-12 No. Particulars Per Month 1. Annual contract for job work different activities related to the Divisional field Rs. Rupees in word I/We agree to forfeit of the xxxxxxx money if I/ we fail to comply any of the terms and conditions in whole or in part laid down in the Tender Form. We have carefully read the terms, conditions of the Tender, and agree to abide by these in letter and spirit. Signature Name & Address of the Firm Telephone No. Mobile No. E-mail . DRAFT SPECIMEN AGREEMENT ANNEXURE - II This agreement is made at (place) on (month/year) ........ day of between.. .. .. .. .. .. (IARI).. .. .. ..
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Risk Clause. (1) To prevent and control the risk, Party B can not engage in business operations that are prohibited by the official order. Once Party A finds that Party B is providing the goods or services on the website platform or customer side, which are prohibited by the government law and regulations or rules and regulations of local authority .Party A has the right to close the depository business and supporting auxiliary service. The economic and legal responsibilities arising from the breach of law and regulations shall be borne by Party B. (2) To prevent and control the transaction investment risk , Party B has the obligation to actively help deal with risk events and investigate questionable transactions. To help investigate the risk events, Party B shall fill in the explanation of risk events and submit it to Party A timely. If the transactions are denied by the customers due to Party B's default such as failure to call the recharging and password validation controls, provision of fake data for opening accounts etc., and corresponding losses are caused, Party B shall undertake the compensation responsibility. (3) While both parties are dealing with the risk events, either party shall try to prevent the reputation risk to the other party.
Sample 1
Risk Clause. 5.1. BHEL will be at liberty to terminate the agreement by giving three calendar months’ notice in writing to the Contractor. 5.2. Notwithstanding anything contained in any other clause, BHEL reserves the right to terminate the contract forthwith by giving a notice to the contractor 24 hours in advance due to any failure on the part of the Contractor in discharging his obligations under the contract or in the event of his becoming insolvent or going into liquidation. The decision of the BHEL about the failure on the part of the Contractor shall be final and binding on the Contractor. 5.3. In case the contractor fails to supply the Wet Breakfast or fails to observe the tender conditions with respect to quality, quantity and time of delivery, then an amount equal to twice the cost of supply will be deducted as penalty. 5.4. In the event of food causing health problems to the persons consuming it, action deemed fit by the Management will be initiated and the contractor shall have to pay Rs.10,000/- for damages. 5.5. The food items and the suitability of facilities are subject to check at BHEL’s discretion both at Supplier’s and BHEL premises. In the event of any failure on the part of the Contractor in performing his duties, or in case of shortage / non-supply of food items in time or if the food items provided are not of expected quality, BHEL shall have the right without any prejudice to get the work done through any other alternate agency at the risk and cost of the Contractor. The total cost / loss, if any incurred by BHEL on account of such alternative arrangement or the penalty amount mentioned under clause no.5.3, whichever is higher, will be recovered from the contractor. 5.6. Any loss, theft, damage or breakage of the items entrusted to the Contractor will be borne by the Contractor and recovery to that effect will be made from his bills/payment. The decision of the Company shall be final and binding on the Contractor. 5.7. The contractor shall not sublet, transfer or assign the contract or any part thereof without the previous written approval of the Company to any other person/company/ organization.
Sample 1
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Related to Risk Clause

  • BREAK CLAUSE IF YOU HAVE OPTED FOR A FIXED TERM CONTRACT YOU WILL NOT HAVE THE DETAILS OF A BREAK CLAUSE NOTED IN YOUR PARTICULARS. 5.1. The Landlord shall be entitled to serve upon the Tenant Statutory Notice of not less than two calendar months to break this tenancy. Such Notice: 5.1.1. Shall be at least 2 months’ notice to break this Tenancy 5.1.2. Shall not expire before the end of the «D0000_401C_0#Landlord_notice_take_effect» month of the term 5.

  • Sunset Clause The provisions of this Section expires automatically on the expiration date of this Agreement.

  • CONTRACT CLAUSES  A SOLICITATION/CONTRACT FORM 1  I CONTRACT CLAUSES 58  B SUPPLIES OR SERVICES AND PRICES/COSTS 2 PART III - LIST OF DOCUMENTS, EXHIBITS & ATTACHMENTS  C DESCRIPTION/SPECS./WORK STATEMENT 25  J LIST OF ATTACHMENTS 74  D PACKAGING AND MARKING 26 PART IV - REPRESENTATIONS AND INSTRUCTIONS  E INSPECTION AND ACCEPTANCE 27 K REPRESENTATIONS, CERTIFICATIONS OTHER STATEMENTS OF OFFERORS  F DELIVERIES OR PERFORMANCE 29  G CONTRACT ADMINISTRATION DATA 32 L INSTRS., CONDS., AND NOTICES TO  H SPECIAL CONTRACT REQUIREMENTS 34 M EVALUATION FACTORS FOR AWARD

  • Fall Clause 7.1 The BIDDER undertakes that it has not supplied/is not supplying similar product/systems or subsystems at a price lower than that offered in the present bid in respect of any other Ministry/Department of the Government of India or PSU and if it is found at any stage that similar product/systems or sub systems was supplied by the BIDDER to any other Ministry/Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded.

  • ZIPPER CLAUSE 1. This Agreement sets forth the full and entire understanding of the parties regarding the matters herein. This Agreement may be modified, but only in writing, upon the mutual consent of the parties.

  • MANAGEMENT CLAUSE Subject to the provisions of this Agreement, the Employer has the exclusive right and authority to establish policies and manage stores covered by this Agreement and to direct the working forces employed therein including, but not limited to, the rights of hiring, suspending and discharging for proper cause, promoting, transferring and releasing employees from duties because of lack of work. The Employer will notify the Union when it places a cashier on an individual cash control program. There shall be no suspension because of work performance, absenteeism and/or tardi­ ness, without prior written notice having been given to the Union and the employee involved. The trial period for newly engaged employ­ ees shall be the first thirty (30) days of employ­ ment and may be extended to sixty (60) days at the request of the Employer to the Union. When new stores are opened by the Employer, the trial period shall be sixty (60) days for all employees newly employed at such time. After the first sixty (60) days from the opening date of the store, the trial period shall be thirty (30) days.

  • Mortgage Clause 1. If a mortgagee is named in this policy, any loss payable under Coverage A or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of precedence of the mortgages. 2. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occupancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the premium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Paragraphs F. Appraisal, H. Suit Against Us and J. Loss Payment under Section I – Conditions also apply to the mortgagee. 3. If we decide to cancel or not to renew this policy, the mortgagee will be notified at least 4. If we pay the mortgagee for any loss and deny payment to you: a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt. 5. Subrogation will not impair the right of the mortgagee to recover the full amount of the mortgagee's claim.

  • Penalty Clause a. Non-execution of supply order - For the reasons of failure to supply partially or completely within 30 days, if the Procurement cell has to buy the items from the RC 2 (L-2), RC 3 (L-3) or approved local vendor firm, the rate difference in cost will be recovered from XX xxxxxx i.e. L1 /Billing Agency as appointed by the Rate Contract Holder. The difference amount will be deducted from the forthcoming bills of the supplier pertaining to any product. Repeated failure (Three times) to supply in part or in full may amount to termination of rate contract for the product (s) and forfeiture of Performance Security. Reasons of failure to supply the material will be communicated by the firm to the Procurement cell timely. b. Late delivery clause -The date & time of the delivery as stipulated in the supply order shall be deemed to be the essence of the contract and delivery must be completed no later than the date(s) as specified in the supply order. Unsupplied items of each supply order which will not be supplied during stipulated time period of 30 days should be treated as cancelled and will be procured from RC-2/RC-3 or approved local vendor and difference amount deducted from forthcoming bills of RC1 (L1)/Billing Agency as appointed by the Rate Contract Holder. c. Non production of item – Difference in the value between existing source and source from where supplies are being obtained for remaining tendered quantity will be recovered from the billing agency.

  • General Clauses 29.1 This Deed of Sale constitutes the entire agreement between the Parties as to the subject matter hereof and no agreement, representation or warranty between the Parties other than those set out herein are binding on the Parties. 29.2 No extension of time, waiver, indulgence or suspension of any of the provisions of this agreement, which any Party hereto may have given, shall be binding unless recorded in a written document signed by all Parties. 29.3 No variation or alteration or cancellation of this Deed of Sale or any of the terms hereof, shall be of any force or effect, unless in writing and signed by the Parties hereto. 29.4 The Parties signing this document confirm that they have read and understood all of the terms and conditions contained herein and agree that they are bound hereto. 29.5 The Seller and the Purchaser warrants that they are duly authorised to sign acceptance of the Deed of Sale. 29.6 The agreements and undertaking of parties contained in this agreement shall each be construed as an agreement and undertaking independent of any other provision of this agreement. The parties hereby expressly agree that it is not the intention of any party to violate any public policy, statutory or common law, and that if any sentence, paragraph, clause or combination of the same is in violation of the law of the Republic of South Africa, such sentence, paragraph, clause or combination of the same alone shall be void in the jurisdiction where it is unlawful, and the remainder of such clause and this agreement shall remain binding upon the parties hereto. The parties further acknowledge that it is their intention that the provisions of this agreement be binding only to the extent that they may be lawful under existing applicable law of the Republic of South Africa, and in the event that any provision hereof is determined to be overly broad or unenforceable, the parties hereto agree to the modification of such provisions by their attorneys to the minimum extent required to make them valid and enforceable. SIGNED at on this the day of 20 . AS WITNESS:

  • Indemnity Clause CONTRACTOR agrees to indemnify, save harmless, and release DISTRICT, and all its officers, agents, volunteers, and employees from and against any and all loss, damages, injury, liability, suits, and proceedings arising out of the performance of this contract which are caused in whole or in part by the acts or negligence of CONTRACTOR's officers, agents, volunteers, or employees, but not for claims arising from DISTRICT's sole negligence. The parties agree that if there are any Limitations of CONTRACTOR's Liability, including a limitation of liability for anyone for whom CONTRACTOR is responsible, such Limitations of Liability will not apply to injuries to persons, including death, or to damages to property.

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