Examples of Participating ULBs in a sentence
The Participating ULBs shall have the right to inspect the records of the Concessionaire during office hours and require copies of relevant extracts of books of accounts, duly certified by the Statutory Auditors, to be provided to the Participating ULBs for verification of basis of payments, and in the event of any discrepancy or error being found, the same shall be rectified and such rectified account shall form the basis of payments by either Party under this Agreement.
It shall make a report of such inspection (the “O&M Inspection Report”) stating in reasonable detail the defects or deficiencies, if any, with particular reference to the Operation & Maintenance Requirements, Operation & Maintenance Manual, and Safety Requirements, and send a copy thereof to the Participating ULBs and the Concessionaire within 7 (seven) days of such inspection.
The Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Participating ULBs as a consequence of any act or omission of the Concessionaire during the Construction Period.
In order to achieve economies of scale and for better coordination and implementation of the MSW Services, the Participating ULBs and APDISCOMs have designated the Authorized Representative to select and appoint a Concessionaire to develop the Project (as defined hereinafter), for enabling construction of a Municipal Solid Waste (MSW) to Energy Processing Facility, and perform, execute and implement the Project under and in accordance with the terms and provisions of this Agreement.
Accordingly each Participating ULBs agrees that any decision, communication, notice, action or inaction of the Lead ULB on matters specified under this Agreement to be dealt with by the Lead ULB shall be deemed to have been on its/his behalf and shall be binding on each of the Participating ULB.
Failure of the Concessionaire to complete all the Punch List items within the time set forth in Clause 14.4.1 for any reason, other than conditions constituting Force Majeure or for reasons solely attributable to the Participating ULBs, shall entitle the Lead ULB to terminate this Agreement.
The Lead ULB agrees to facilitate the receipt of all such benefits by Concessionaire, whether on its own behalf or on behalf of the Participating ULBs and for the purpose to give all needed recommendations, no-objections, authorizations, etc.
The Parties hereby undertake that in the event the Consortium is declared the selected Bidder and awarded the Project, it shall incorporate a special purpose vehicle (the “SPV”) under the Indian Companies Act, 1956/2013 for entering into a Concession Agreement with the Participating ULBs and entering into a Power Purchase Agreement with the APDISCOMs and for performing all its obligations as the Concessionaire in terms of the Concession Agreement and Power Purchase Agreement respectively for the Project.
Accordingly, the Concessionaire shall perform the services with diligence and promptness and generally manage the MSW system of the Participating ULBs as a model for the Country.
Provided that the Testing Quantity supplied by the Participating ULBs under this clause to the Concessionaire shall not exceed [●] tons per day.