Contractor’s Undertaking. For purposes of this Contract the term “subcontract” shall mean any agreement by the Contractor with any Contractor-Related Persons to perform a portion of the Services, as well as any agreements between a subcontractor and its lower tier contractors, vendors, suppliers, consultants, or other entities or persons.
Contractor’s Undertaking. The Contractor shall immediately notify the Fund in writing if: the Contractor merges with, acquires, or transfers all or substantially all of its assets to another entity; any person or entity acquires directly or indirectly the majority of the beneficial ownership rights in the Contractor; any person or entity acquires directly or indirectly the power to elect a majority of the board of directors of the Contractor, or otherwise acquires directly or indirectly the power to control the policy making decisions of the Contractor; the Contractor is dissolved; applies for insolvency or bankruptcy; or otherwise admits in writing its inability to pay its outstanding obligations or liabilities; the Contractor is administratively or judicially declared insolvent or bankrupt, placed under receivership, administration, rehabilitation or liquidation or any other such equivalent process; the Contractor’s financial condition becomes significantly unstable and threatens to jeopardize the Contractor’s ability to perform its obligations under the Contract; the Contractor loses any license or authorization required to perform its obligations under the Contract; or the Contractor faces any event beyond its control or a situation that makes it impossible for it to carry out its obligations under the Contract, and the Fund and the Contractor shall, without prejudice to any other provision of the Contract, meet to discuss and use reasonable endeavours to agree alternative arrangements to ensure full performance of the Contract under any or all of the above circumstances. The Contractor shall obtain certificates, permits, approvals, licenses and other documents required under applicable laws, regulations and decrees which are required in order to perform the Services under the Contract. If the Contractor requests the Fund’s assistance in obtaining such permits, approvals, or licenses from local public authorities, the Fund may exert reasonable efforts to assist the Contractor in completing such requirements in a timely and expeditious manner. The Contractor shall perform its obligations under this Contract diligently, observe good social management practices, and comply with relevant laws, regulations, decrees and orders concerning environmental protection, corporate social responsibility and employees of the Contractor engaged in performing the Services. The Contractor agrees to make its best endeavour to uphold and to ensure that the Contractor-Related Persons also uphold the...
Contractor’s Undertaking. Unless otherwise stated in the Employer’s Requirements the Contractor undertakes that the design, the Contractor's Documents, the execution and the completed Works will be in accordance with:
Contractor’s Undertaking. SCOPE OF WORK
Contractor’s Undertaking. The Contractor having requested the execution of this Performance Bond by the Guarantor undertakes to the Guarantor (without limitation of any other rights and remedies of the Employer or the Guarantor against the Contractor) to perform and discharge the obligations on its part set out in the Building Contract.
Contractor’s Undertaking. 36.1 The Contractor undertakes that no officer / official has been gratified / benefited during the tender opening to Contract signing date. The Contract is liable for cancellation during any time of execution if such default is reported, detected and noticed the Contractor further undertakes to disclose to USF, all material facts regarding any and all conflict of interests if arises in terms of this Contract
Contractor’s Undertaking. The Contractor undertakes that the ISBL Design, the Contractor's Documents, the execution and the completed Works will be in accordance with:
Contractor’s Undertaking. 13.1 The CONTRACTOR warrants that he will rectify any deficiency related to design, workmanship or material used in the construction of the dwelling for a period of three (3) months, calculated from the occupation date. The CONTRACTOR undertakes to attend to the rectification of material defects within a reasonable period from the date of notification. The PURCHASER undertakes to provide the CONTRACTOR with the necessary access to carry out the work concerned.
Contractor’s Undertaking. 3.1 The Contractor undertakes to carry out preventive and corrective maintenance of the Equipment to the extent stated in this Contract. Preventive Maintenance
