Common use of ISO certification Clause in Contracts

ISO certification. 22.4.1 The Concessionaire shall, within 12 (twelve) months from COD, achieve and thereafter maintain throughout the Concession Period, ISO 9001:2000 certification or a substitute thereof for maintenance of all the facilities at the Rail System, and shall provide a certified copy thereof to MOR forthwith. 22.4.2 In the event of default in obtaining the certification specified in Clause 22.4.1, the Concessionaire shall, within 15 (fifteen) days thereof, submit to MOR an action plan that sets out the actions proposed to be taken by the Concessionaire for rectifying its deficiencies and obtaining such certification for maintenance of all facilities at the Rail System. 22.4.3 If the period of default in obtaining the ISO certification under this Clause 22.4 shall exceed a continuous period of 3 (three) months, the Concessionaire shall thereafter pay Damages to MOR in an amount equal to [0.5% (point five per cent)] of the total monthly revenue from User Fee for every 1 (one) month of default. *** The Key Performance Indicators specified here are indicative in nature and may be modified by MOR, as necessary, to reflect project-specific requirements.

ISO certification. 22.4.1 The Concessionaire shall, within 12 (twelve) months from COD, achieve and thereafter maintain throughout the Concession Period, ISO 9001:2000 certification or a substitute thereof for maintenance of all the facilities at the Rail System, and shall provide a certified copy thereof to MOR forthwith. 22.4.2 In the event of default in obtaining the certification specified in Clause 22.4.1, the Concessionaire shall, within 15 (fifteen) days thereof, submit to MOR an action plan that sets out the actions proposed to be taken by the Concessionaire for rectifying its deficiencies and obtaining such certification for maintenance of all facilities at the Rail System. 22.4.3 If the period of default in obtaining the ISO certification under this Clause 22.4 shall exceed a continuous period of 3 (three) months, the Concessionaire shall thereafter pay Damages to MOR in an amount equal to [0.5% (point five per cent)] of the total monthly revenue from User Fee for every 1 (one) month of default. *** The Key Performance Indicators specified here are indicative in nature and may be modified by MOR, as necessary, to reflect project-specific requirements.

ISO certification. 22.4.1 The Concessionaire shall, within 12 (twelve) months from COD, achieve and thereafter maintain throughout the Concession Period, ISO 9001:2000 certification or a substitute thereof for maintenance of all the facilities at the Rail System, and shall provide a certified copy thereof to MOR forthwith. 22.4.2 In the event of default in obtaining the certification specified in Clause 22.4.1, the Concessionaire shall, within 15 (fifteen) days thereof, submit to MOR an action plan that sets out the actions proposed to be taken by the Concessionaire for rectifying its deficiencies and obtaining such certification for maintenance of all facilities at the Rail System. 22.4.3 If the period of default in obtaining the ISO certification under this Clause 22.4 shall exceed a continuous period of 3 (three) months, the Concessionaire shall thereafter pay Damages to MOR in an amount equal to [0.5% (point five per cent)] of the total monthly revenue from User Fee for every 1 (one) month of default. *** The Key Performance Indicators specified here are indicative in nature and may be modified by MOR, as necessary, to reflect project-specific requirements.