Clause 2. The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date on which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, all due diligence (time being deemed to be the essence of the contract on part of the contractor) and the contractor shall pay as compensation an amount equal to one percent, or such smaller amount as the Superintending Engineer (whose decision in writing shall be final) may decide, of the amount of the estimated cost of the whole work as shown in the tender for every day that work remains un-commenced, or unfinished after the proper dates. And further to ensure good progress during the execution of the works, the contractor shall be bound in all cases, in which the time allowed for any work exceeds one month to complete.
Clause 2. The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date on which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, all due diligence (time being deemed to be the essence of the contract on part of the contractor) and the contractor shall pay as compensation an amount equal to one percent, or such smaller amount as the Superintending Engineer (whose decision in writing shall be final) may decide, of the amount of the estimated cost of the whole work as shown in the tender for every day that work remains un- commenced, or unfinished after the proper dates. And further to ensure good progress during the execution of the works, the contractor shall be bound in all cases, in which the time allowed for any work exceeds one month to complete. + 1/3 of the work in 1/3 of the time 2/3 of the work in 2/3 of the time Full work 03 (Three) Month In the event of the contractor failing to comply with these conditions he shall be liable to pay as compensation an amount equal to one percent, or such smaller amounts as the Superintending Engineer (whose decision in writing shall be final) may decide of the said estimated cost of the whole work for every day that the due quantity of work remains incomplete. Provided always that the total amount of compensation to be paid under provision of this clause shall not exceed 10 percent of the estimated cost of the work shown in the tender. Superintending Engineer should be the final authority in this respect irrespective of the fact that the tender is accepted by Chief Engineer P.W.Region Nagpur.
Examples of Clause 2 in a sentence
Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2).
Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2).
Should the deposit not be paid in accordance with Clause 2, the Sellers have the right to cancel this Agreement, and they shall be entitled to claim compensation for their losses and for all expenses incurred together with interest.
Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2).
Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered on such Special Record Date and shall no longer be payable pursuant to the following Clause (2).
More Definitions of Clause 2
Clause 2. Both parties consult each other for the payment of the related housing rental tax. Article Four: Renovation and Remodeling Maintaining the leased space in good condition is Party A's responsibility. Party A should check and inspect and premise regularly to make sure there is no flooding, drainage and indoor water supply, sewage, and electricity is normal so that Party B can use the leased space comfortably. Regarding the renovation scope and standard, both parties should follow the Notice No.13 issued by the Beijing Municipal Construction Department. When Party A renovates the premise, Party B should assist Party A, and should not deter the renovation works in any form. With regard to the renovation project of the leased space, both parties consult each other to reach agreement on the renovation details. Without obtaining the prior written agreement of Party A, Party B cannot carry out any modification, enlargement or improvement to the leased space. Without the approval of Party A, Party B cannot make any marks, painting or drilling, and cannot damage the outer appearances of the leased space and the building in any form. Regarding the ownership of the decorations at the expiration of the lease agreement, both parties agree that: Party B is responsible for the decoration costs and the ownership right belongs to Party A.
Clause 2. If Party A is willing to sell the leased space, it should notify Party B with a three month written notice. Under the same conditions, Party B has the preemptive right to purchase the leased space.
Clause 2. If there is a municipal construction need that the premise has to be tear down or has to be remodeled, each party bears no responsibility with regard to the damage. If the lease agreement is forced to cease due to the above-mentioned clauses, the rent will be calculated based on the usage time, and the extra rent will be refunded to Party B.
Clause 2. Ad-hoc Committee
Clause 2 in accordance with the contract' Defects
Clause 2. The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date on which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, all due diligence (time being deemed to be the essence of the contract on part of the contractor) and the contractor shall pay as compensation an amount equal to one percent, or such smaller amount as the Superintending Engineer (whose decision in writing shall be final) may decide, of the amount of the estimated cost of the whole work as shown in the tender for every day that work remains un-commenced, or unfinished after the proper dates. And further to ensure good progress during the execution of the works, the contractor shall be bound in all cases, in which the time allowed for any work exceeds one month to complete. + 1/4 of the work in 1/4 of the time 1/2 of the work in 1/2 of the time 3/5 of the work in 2/3 of the time Action when whole of Security Deposit is forfeited. Full work 3 (Three) Month In the event of the contractor failing to comply with these conditions he shall be liable to pay as compensation an amount equal to one percent, or such smaller amounts as the Superintending Engineer (whose decision in writing shall be final) may decide of the said estimated cost of the whole work for every day that the due quantity of work remains incomplete. Provided always that the total amount of compensation to be paid under provision of this clause shall not exceed 10 percent of the estimated cost of the work shown in the tender. Superintending Engineer should be the final authority in this respect irrespective of the fact that the tender is accepted by Chief Engineer X.X.Xxxxxx Chandrapur.
Clause 2. The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date on which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, all due diligence (time being deemed to be the essence of the contract on part of the contractor) and the contractor shall pay as compensation an amount equal to one percent, or such smaller amount as the Superintending Engineer (whose decision in writing shall be final) may decide, of the amount of the estimated cost of the whole work as shown in the tender for every day that work remains un-commenced, or unfinished after the proper dates. And further to ensure good progress during the execution of the works, the contractor shall be bound in all cases, in which the time allowed for any work exceeds one month to complete. Full work 18 (Eighteen) Month In the event of the contractor failing to comply with these conditions he shall be liable to pay as compensation an amount equal to one percent, or such smaller amounts as the Superintending Engineer (whose decision in writing shall be final) may decide of the said estimated cost of the whole work for every day that the due quantity of work remains incomplete. Provided always that the total amount of compensation to be paid under provision of this clause shall not exceed 10 percent of the estimated cost of the work shown in the tender. Superintending Engineer should be the final authority in this respect irrespective of the fact that the tender is accepted by Chief Engineer /Superintending Engineer/Executive Engineer. Action when process of particular work is unsatisfactory