Common use of Safety of Operations Clause in Contracts

Safety of Operations. 20.6.1 The Parties agree that the Safety of Buses in the fleet shall be measured in terms of inverse of number of accidents per [1,00,000 Kms (One lakh kilometres)] (the “General Safety”) and the number of fatalities per [10,00,000 Kms (Ten lakh kilometres)] (the “Severe Safety”), respectively. The General Safety and Severe Safety shall be calculated in terms of cumulative Bus Kms operated divided by number of accidents multiplied by [1,00,000 (One lakh)] and cumulative Bus Kms operated divided by number of fatalities multiplied by [10,00,000 (Ten lakh)], respectively.

Appears in 2 contracts

Samples: Operation and Maintenance Agreement, Operation and Maintenance Agreement

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Safety of Operations. 20.6.1 The Parties agree that the Safety of Buses in the fleet shall be measured in terms of inverse of number of accidents per [1,00,000 Kms (One lakh kilometres)] (the “General Safety”) and the number of fatalities per [10,00,000 Kms (Ten lakh kilometres)] (the “Severe Safety”), respectively. The General Safety and Severe Safety shall be calculated in terms of cumulative Bus Kms operated divided by number of accidents multiplied by [1,00,000 (One lakh)] and cumulative Bus Kms operated divided by number of fatalities multiplied by [10,00,000 (Ten lakh)], respectively. The Operator agrees that the General Safety and the Severe Safety, as the case may be, determined in accordance with Clause 20.6.1 shall be equal to or more than [1 (one)].

Appears in 1 contract

Samples: Escrow Agreement

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Safety of Operations. 20.6.1 The Parties agree that the Safety of Buses in the fleet Fleet shall be measured in terms of inverse of number of accidents per [1,00,000 Kms (One lakh kilometres)] (the “General Safety”) and the number of fatalities per [10,00,000 Kms (Ten lakh kilometres)] (the “Severe Safety”), respectively. The General Safety and Severe Safety shall be calculated in terms of cumulative Bus Kms operated divided by number of accidents multiplied by [1,00,000 (One lakh)] and cumulative Bus Kms operated divided by number of fatalities multiplied by [10,00,000 (Ten lakh)], respectively.

Appears in 1 contract

Samples: Operation and Maintenance Agreement

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