AMISP Contract definition
Examples of AMISP Contract in a sentence
Provided however that upon expiry of time period specified in 3.3.2(o) of this AMISP Contract if the Utility has not been able to provide clearance/ approval/ permits for installation of the meters, the Utility shall issue a Change Order no later than 7 days of expiry of such time period confirming the actual number of meters for which clearance/ approval/ permits is available.
Provided that such notice shall be a pre-condition to the Affected Party’s entitlement to claim relief under this AMISP Contract.
The provisions in this AMISP Contract are to be retained in the event the Utility proposes to incorporate a Special Purpose Vehicle (SPV) by the Selected Bidder for project implementation.
Provided that such notice shall be a pre- condition to the Affected Party’s entitlement to claim relief under this AMISP Contract.
In the event a Change Order, issued up to 24 months after the date of execution of this AMISP Contract, modifies the total number of Smart Meters to be installed then such revised quantity shall be deemed to be the basis for determination of Work Completion.
The Affected Party shall give notice to the other Party of (i) the cessation of the relevant event of Force Majeure; and (ii) the cessation of the effects of such event of Force Majeure on the performance of its rights or obligations under this AMISP Contract, as soon as practicable after becoming aware of each of these cessations.
The Utility and AMISP have entered into an agreement for Implementation of AMI project in prepaid mode on DBFOOT basis for a consumer base of [XX nos] in the [areas of XX] (hereinafter referred to as the 'AMISP Contract" which expression shall include all amendments thereto), as presented in Schedule II of this Agreement.
To the extent not prevented by a Force Majeure Event, the Affected Party shall continue to perform its obligations as provided in this AMISP Contract.
At the end of each day during the AMISP Contract period, any amount remaining in the Direct Debit Account after paying any pending approved amount to the AMISP shall automatically be transferred to the Utility’s Bank Accounts.
AMISP shall be free to assign, only after due intimation to and approval of the Utility, all or any of the rights and interest of this Agreement in favour of its lenders (including their agents and trustees) as per the terms and conditions of the AMISP Contract.