Examples of NMRC in a sentence
The Licensee shall indemnify NMRC from any claims that may arise from the statutory authorities in connection with this License.
Through this Metro Service, NMRC desires to provide a world- class Public Transportation System with state-of-the-art technology.
In this connection, Licensee shall be required to furnish declaration to NMRC with respect to all his personnel deployed.
The NMRC shall have right to cancel the engagement of the Licensee, if found to be indulged in corrupt, fraudulent, collusive or coercive practices either during the selection process or during the execution of the contract.
In case, the Licensee encroaches upon any other space, then a fine/ compensation shall be imposed by NMRC @ Rs.1,000/- on the first occasion, Rs.10,000/- on the second occasion and after that Rs. 15,000/- on successive repetition with a discretion to revoke the license for breach of contract.
The Licensee shall always act, in respect of any matter relating to the License Agreement/Contract or to the Services, as faithful to the NMRC Ltd., and shall at all times support and safeguard the NMRC’s legitimate interests in any dealings with third Parties.
Performance Security will be refunded after successful completion of the full term of the License period & In case of surrender of license after completion of lock in period as per the provisions of the Agreement, after adjusting any dues payable to NMRC and after final settlement, without consideration of any interest after completion of License Agreement.
In the event that any of the representations or warranties made given by the Licensee ceases to be true or stands changed, it shall promptly notify NMRC of the same.
Further, within 45 days of letter of acceptance of NOA, Licensee shall submit police verification report in respect of all its personnel (to be deployed for the work) to NMRC.
NMRC has also undertaken to capture value from real estate in such a manner that on one hand it gives sustainable additional revenue other than fare box collection to the corporation and on other hand facilitating NMRC commuters by providing one stop solution for most of their needs.