Common use of Delayed authorisation Clause in Contracts

Delayed authorisation. In the event of delay in issuance of authorisation by the Commissioner of Railway Safety beyonda period of 60 (sixty) days from the date of completion of all safety/critical items of punch list, the Contractor shall be entitled to interest for the period of delay at a rate equal to 3% (three percent) above the Bank Rate on the payment due for integrated testing & commissioning as specified in Schedule-G.

Delayed authorisation. In the event of delay in issuance of authorisation by the Commissioner of Railway Safety beyonda beyond a period of 60 (sixty) days from the date of completion issue of all safety/critical items of punch listthe Provisional Certificate, the Contractor shall be entitled to interest for the period of delay at a rate equal to 3% (three percentper cent) above the Bank Rate on the payment due for integrated testing & and commissioning as specified in Schedule-G.

Delayed authorisation. In the event of delay in issuance of authorisation by the Commissioner of Railway Safety beyonda beyond a period of 60 (sixty) days from the date of completion of completionof all safety/critical items of punch list, the Contractor shall be entitled to interest for the period of delay at a rate equal to 3% (three percent) above the Bank Rate on the payment due for integrated testing & and commissioning as specified in Schedule-G.

Delayed authorisation. In the event of delay in issuance of authorisation by the Commissioner of Railway Safety beyonda beyond a period of 60 (sixty) days from the date of completion completioion of all safety/critical items of punch list, the Contractor shall be entitled to interest for the period of delay at a rate equal to 3% (three percent) above the Bank Rate on the payment due for integrated testing & and commissioning as specified in Schedule-G.