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.
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.
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.
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.
Free cash inflows from operating activities for the period were$23,180,689.
A copy of the Daily Weight Sheet shall be sent to the Participating ULBs and the State Government by the Concessionaire.
The Bidder shall have provision for adding extra capacity to the WtE Plant to accommodate the growth in MSW potential in the coming years subject to mutual agreement between the Participating ULBs and the APDISCOMs.
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 Participating ULBs shall adhere to operational standards for operation and maintenance of the transportation system, as per guidelines.
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.