Examples of Grant of Permission Agreement in a sentence
If during the currency of the Permission period, government policy on cross- media ownership is announced, the Permission holder shall be obliged to conform to the revised guidelines, within a period of six months from the date of such notification, failing which it shall be treated as non-compliant of Grant of Permission Agreement, and liable for punitive action.
Our company has a Grant of Permission Agreement for Teleport dated June 25, 2007 (“GOPA”) which has been granted to establish, maintain and operate an uplinking hub (Teleport) at Bhubaneswar.
In the event of the failure of any LOI holder to comply with the eligibility conditions for the Grant of Permission Agreement or failing to sign the Grant of Permission Agreement within the prescribed period as mentioned in clause 7.7, the full deposit of the bid amount shall be forfeited without further notice, and Letter of Intent and & the allocation of frequency, if any, shall stand cancelled.
Besides the Ministry of Information & Broadcasting would issue a permission after signing the agreement to enable the permission holder to install the radio station, obtain Wireless Operating License (WOL) and operationalise the channel within a period of one year from the date of signing the Grant of Permission Agreement.
The successful bidder shall have to comply with the eligibility criteria for the entire period of permission granted by the Government of India/ until the expiry or termination of the Grant of Permission Agreement.
On complying with all the requisite conditions of eligibility, and furnishing a PBG for an amount equal to the annual fee (10% of Reserve OTEF), the LOI holder and the Ministry of Information & Broadcasting will sign the Grant of Permission Agreement in the prescribed format.
Since the main shopping areas (Sadar Bazar Gurgaon) do not receive a clear signal, shopkeepers are reluctant to commit toads.07Chanderi Ki Awaaz, Ashok Nagar, Madhya Pradesh▪ No marketing plan▪ No Staff▪ Advertisement Rate high▪ Not proper Communication▪ No publicity▪ Untrained Staff for Advertisement GOPA Renewal As per the Community Radio policy, Grant of Permission Agreement is valid for a period of 5 years.
Computer Software, being the cost of ERP License and Installation, isamortised on a straight-line basis over a period of five years.One time Entry FeesOne time Entry fees represent amount paid for acquiring licenses for new radio stations and is amortized on a straight line basis over a period of ten years i.e. period of Grant of Permission Agreement entered into with Ministry of Information and Broadcasting for each station, com- mencing from the date on which the radio station becomes operational.
The period of permission shall be reckoned from the date of operationalisation or one year from the date of signing of the Grant of Permission Agreement, whichever is earlier.
On complying with all the requisite conditions of eligibility, and furnishing a Performance Bank Guarantee (PBG), on the format specified at Annexure 10.14 for an amount equal to the annual fee as per clause 4.3.1(a) or (b) as the case may be , for complying with all the terms and conditions contained in GOPA including the timely payment of due annual fee, the LOI holder and the Ministry of Information & Broadcasting will sign the Grant of Permission Agreement in the prescribed format.