SHORT CLOSING definition

SHORT CLOSING or “FORE CLOSING” of Contract shall mean the premature closing of Contract, for reasons not attributable to the contractor and mutually agreed between BHEL and the contractor
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SHORT CLOSING or 'FORE CLOSING' of Contract shall mean the premature closing of contract for reasons not attributable to the contractor and mutually agreed between NBPPL and the contractor. 28. 'TERMINATION' of contract shall mean the premature closing of contract due to reasons as mentioned in the contract. 29. 'DE- MOBILISATION' shall mean the temporary winding up of site establishment by Contractor leading to suspension of works temporarily for reasons not attributable to the contractor. 30. 'RE MOBILISATION' shall mean the resumption of work with all resources required for the work after demobilization.
Sample 1
SHORT CLOSING or “FORE CLOSING” of Contract shall mean the premature closing of Contract on mutually agreed terms between BHEL and the contractor. 10.16.29 “TERMINATION” of Contract shall mean the pre mature closing of contract due to reasons as mentioned in the contract / termination notice. 10.16.30 “DE MOBILIZATION” shall mean the temporary winding up of Site establishment byContractor leading to suspension of works temporarily for reasons not attributable to the contractor 10.16.31 “RE MOBILIZATION” shall mean the resumption of work with all resources required for the work after demobilization 10.17 LAW GOVERNING THE CONTRACT AND COURT JURISDICTIONThe contract shall be governed by the Law for the time being in force in the Republic of India. Subject to clause 10.32.1.1 of this contract, the Civil Court having original Civil Jurisdiction at Delhi shall alone have exclusive jurisdiction in regard to all matters inrespect of the Contract. 10.18 ISSUE OF NOTICE 10.18.1 Service of notice on ContractorAny notice to be given to the Contractor under the terms of the contract shall be served by sending the same by Registered Post/Speed Post/E-Mail to or leaving the same at the Contractor’s last known address of the principal place of business (or in the event of the contractor being a company, to or at its Registered Office). In case of change of address, the notice shall be served at changed address as notified in writing by the Contractor to BHEL. Such posting or leaving of the notice shall be deemed to be good service of such notice and the time mentioned to the condition for doing any act afternotice shall be reckoned from the date so mentioned in such notice. 10.18.2 Service of notice on BHELAny notice to be given to BHEL in-charge/Region under the terms of the Contract shall be served by sending the same by post to or leaving the same at BHEL address orchanged address as notified in writing by BHEL to the Contractor. 10.19 USE OF LANDNo land belonging to BHEL or their Customer under temporary possession of BHEL shall be occupied by the contractor without written permission of BHEL. 10.20 COMMENCEMENT OF WORK 10.20.1 The contractor shall commence the work as per the time indicated in the Letter of Award from BHEL and shall proceed with the same with due expedition without delay. 10.20.2 If the contractor fails to start the work within stipulated time as per LOA or as intimated by BHEL, then BHEL at its sole discretion will have the right to cancel the contract. The Earn...
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Related to SHORT CLOSING

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Closing has the meaning set forth in Section 2.2.