Delay in Completion. a. If the Concessionaire delays Completion of Construction beyond the Time for Completion of Construction and if in the opinion of the Independent Engineer, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of Time for Completion of Construction shall be given by the Authority. In such a case the duration of the Concession Period shall also not be adjusted and the Concessionaire shall be solely responsible for the corresponding reduction of the period for which the Ecotourism & Adventure Park is used and any reduction in revenue as a consequence thereof.
Appears in 3 contracts
Samples: Substitution Agreement, Substitution Agreement, Concession Agreement
Delay in Completion. a. If the Concessionaire delays Completion completion of Construction beyond the Construction Period or the Time for Completion of Construction and if in the opinion of the Independent Engineer, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of the Construction Period or the Time for Completion of Construction shall be given by the Authority. In such a case the duration of the Concession Period shall also not be adjusted and the Concessionaire shall be solely responsible for the corresponding reduction of the period for which the Ecotourism & Adventure Park Project Site is used and any reduction in revenue as a consequence thereof.
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
