Non-Compliance with Conditions Precedent. (a) In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time and the Authority has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Authority / PLBs shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it;
Non-Compliance with Conditions Precedent. 4.9.1. In the event the Conditions Precedent for Concessionaire have not been satisfied within the stipulated time or by the time period extended at the sole discretion of ULB for satisfaction of the Conditions Precedent for the Concessionaire and/or the Authority/ULB has not waived, fully or partially, such conditions relating to the Concessionaire, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and the Authority or the State Government shall not be liable in any manner whatsoever to the Concessionaire or Persons claiming through or under it. The days for which penalty is charged shall be excluded from calculation of stipulated time.
Non-Compliance with Conditions Precedent. (a) If State Govt does not fulfil the preconditions specified in Clause 3.1, then the Term of this Concession Agreement shall be extended by the same number of days as are taken by State Govt to fulfil the preconditions specified in Clause 3.1, and the Concessionaire shall not be liable for the delay in implementation of the Project, and the consequent delay in achievement of the Operations Date,
Non-Compliance with Conditions Precedent. (a) If Grantor ULB does not fulfil the preconditions specified in Clause 3.1, then the Term of this Concession Agreement shall be extended by the same number of days as are taken by Grantor ULB to fulfil the preconditions specified in Clause 3.1, and the Concessionaire shall not be liable for the delay in implementation of the Project, and the consequent delay in achievement of the Operations Date,
Non-Compliance with Conditions Precedent. It is agreed that, if the above preconditions on part of either of the parties are not met within two (02) months from the date of execution of this agreement, then the other party shall have the option of either: (i) extending the time period for satisfaction of the conditions precedent by another two (2) months or (ii) terminate this Agreement, in which event the Party which has not met the pre-condition shall pay the other party an amount equivalent to the first year royalty quoted by the selected bidder in his financial bid accepted by EDMC.
Non-Compliance with Conditions Precedent. The PARTIES reaffirm their agreement that (a) the commencement of the effects of the present COMMITMENT, thus understood as the immediate enforceability of the obligations hereunder, is subject to full compliance with the SUSPENSIVE CONDITIONS herein established, or its waiver as provided in Clause 6.2, as applicable; and (b) once the operation of the PROJECT is initiated, if any SUSPENSIVE CONDITION is not complied with during the term of this COMMITMENT, the PARTY to whom it pertains shall have the right to waive the SUSPENSIVE CONDITION in question, pursuant to Clause 6.2, the right to unilaterally terminate this COMMITMENT, without any penalty and regardless of any formality, subject to Clauses 6.4.1 and 6.4.2 below.
Non-Compliance with Conditions Precedent. It is agreed that, if the above preconditions on part of either of the parties not met within two (02) months from the date of execution of this Agreement, then other party shall have the option of either: (i) extending the time period for satisfaction of the conditions precedent by another two
Non-Compliance with Conditions Precedent
