BALIC definition
Examples of BALIC in a sentence
The Offer for Sale comprises an offer for sale of Equity Shares by the Corporate Promoter Selling Shareholder, BALIC and PNB Metlife aggregating up to INR 492.60 million, INR 103.70 million and INR 126.70 million, respectively.
The exclusion of any such individual from such BALIC Premises shall not relieve the Supplier from the performance of its obligations under this Agreement.
Unless otherwise set forth in the Engagement Letter/Purchase BALIC to perfect the assignment of Intellectual Property Rights Order, each Deliverable will be subject to acceptance testing by contemplated under this clause 2 and preserve, register, record, BALIC and the acceptability of any Deliverable will be based on enforce and defend BALIC's (or its designee's) rights in the BALIC’s determination that the Deliverable meets the applicable applicable Deliverable.
If any Deliverable does not meet the applicable Acceptance Criteria, BALIC will notify Supplier, 3.
If the Supplier is directed to correct the Defect as above and fails to do so in the required timeframe, BALIC may terminate this Agreement.
BALIC shall not be deemed to have accepted the Goods until it has had 15 Business Days after delivery of the relevant Goods to inspect the relevant Goods.
If the licensed Software is a suite or other combination of software products and the Supplier elects to unbundled or otherwise separately license those products, the License will be deemed to include all of the products containing the functionality originally licensed to BALIC.
If the Goods are delivered to BALIC in excess of the quantities set out in the Engagement Letter/Purchase Order, BALIC shall not be bound to pay for the excess and any excess shall be and remain at the Supplier's risk and shall be returnable at the Supplier's expense.
BALIC shall have the right to assign or novate any or all of its rights and obligations under this Agreement in whole or in part to any of its Affiliates or to the successor to the whole or a part of BALIC’s business, subject to such Affiliate or successor undertaking in writing to the Supplier that it will perform all BALIC’s obligations under this Agreement which are relevant to such assigned or novated rights and/or obligations..
Without prejudice to any other rights and remedies of BALIC, the Supplier shall forthwith upon request by BALIC replace or (at BALIC’s option) repair all Goods which are or become defective during the period of 3 months from the date of delivery, where such defect occurs under proper usage and is due to faulty design, or inadequate or faulty Materials or workmanship, the Supplier's erroneous instructions as to use or any breach by the Seller of any provision of this Agreement.