Examples of ROL Holder in a sentence
The Customer acknowledges and agrees that some provisions of this Agreement may be rendered inappropriate over time and accept that ROL Holder may initiate consultation with the Customer or any group representing customers of ROL Holder within the Regulated Area (if such group exists) with a view to establishing new or varied terms and conditions.
ROL Holder reserves the right to undertake a formal assessment of the Termination Amount, at the cost of the Customer.
The Customer acknowledges and agrees that the Termination Amount is intended to represent a reasonable assessment of the loss of future profit, increased average operating costs, proportionate share of ongoing fixed costs and decommissioning costs likely to be incurred by ROL Holder for the ROL Holder Works having regard to the quantities of water supplied and the persons supplied from the ROL Holder Works.
ROL Holder may subcontract the performance of any of its obligations under this Agreement, but any subcontracting does not release ROL Holder from liability for performance of that obligation.
Upon the later of termination of this Agreement and the payment of all moneys owing (whether or not then due or owing contingently or prospectively) ROL Holder shall release the security to the Customer.
Where this Agreement is terminated as a consequence of a breach by the Customer, the Customer shall pay to ROL Holder the Termination Amount.
The security may take the form of an on demand guarantee on terms and from a financial institution reasonably acceptable to ROL Holder.
ROL Holder may include interest payable under this clause in an invoice subsequently forwarded to the Customer.
This will be dealt with as a variation to this Agreement, on terms acceptable to both the Customer and ROL Holder in their absolute discretion.
On Termination of this Agreement under clause 21.1, ROL Holder may remove the Meter and seal off any ROL Holder Works at the cost of the Customer.