PPP Co definition
Examples of PPP Co in a sentence
The Authority acknowledges that in the event of it stepping-in under Clause 19 (Authority Step-In), the Authority owes PPP Co. a duty of care and to the extent that PPP Co. suffers Losses and such Losses arise out of or in connection with any breach of such duty of care, any such breach will be treated as a Compensation Event for the purposes of this Project Agreement.
PPP Co. will take all reasonable steps to minimise the duration of any Small Works.
The Authority may, if it considers in good faith that such action is justified having regard to the likely costs and benefits, direct PPP Co. to resist, appeal, defend or otherwise dispute the Relevant Tax Liability in respect of the Compensation Payment, provided that the cost of any such dispute (including any interest or penalties incurred) will be at the Authority’s expense.
PPP Co. will ensure the reasonable co-operation of all relevant Staff in such audits including the prompt provision of information reasonably requested by the Authority.
Subject to Schedule 20 (Variations) and Schedule 21 (Change in Law), PPP Co. will secure the grant or renewal, expansion or modification of each Necessary Consent which is required by PPP Co. in connection with the performance of PPP Co.’s obligations under this Project Agreement and the Authority will provide all reasonable assistance required by PPP Co. in obtaining and maintaining such Necessary Consents provided that the Authority will not be required to incur any expense in so doing.