BOT Law definition
Examples of BOT Law in a sentence
The selection process will be undertaken through a public bidding in accordance with the Philippine BOT Law (Republic Act No. 6957, as amended by Republic Act No. 7718), and its Revised Implementing Rules and Regulations.
The development of the target roads, particularly Stage 1 of the N-S Way, shall be pursued through a public-private partnership under and pursuant to Republic Act No. 7718, otherwise known as the BOT Law, with the NDC providing initial funds, if necessary or required for commercial viability, to jumpstart the implementation of said projects.
The selection process shall be undertaken through a public bidding in accordance with the Philippine BOT Law (Republic Act No. 6957, as amended by Republic Act No. 7718), and its Revised Implementing Rules and Regulations.
Inasmuch as the Consortium is required to organize itself as a Special Purpose Company for the purpose of undertaking the Project, the requirement that the Consortium Members submit an undertaking that they are jointly and severally liable for the obligations of the Concessionaire under the CA should not apply pursuant to Section 5.4.(iv) of the BOT Law IRR.
Pursuant to Article 9.1 of the BOT Law, the Guinean public procurement code (code des marchés publics) and its implementing regulations will not be applicable to this Convention and any activities undertaken pursuant to it.
Section 1.3 (f) of the Revised Implementing Rules and Regulations of R.A. No. 6957, "An Act Authorizing the Financing, Construction, Operation and Maintenance of Infrastructure Projects by the Private Sector and for Other Purposes", As Amended By R.A. No. 7718 ("BOT Law IRR") requires that any variation of the listed contractual arrangements be approved by the President.
The Parties acknowledge and agree that Infrastructure Owner will be deemed to satisfy the requirements of Article 8.2 of the BOT Law upon the submission to the State of the Infrastructure BFS.
The development of the target roads, particularly Stage 1 of the N-S Way, shall be pursued through a public-private partnership under and pursuant to Republic Act No. 7718, otherwise known as the BOT Law, with the NDC as a possible minority investor providing initial funds, if necessary or required for commercial viability, to jumpstart the implementation of said projects.
The case highlights the significant period of privatization and public-private partnerships encouraged under the BOT Law in the Philippines, aiming to attract private investments in infrastructure.
Agreements to be entered into by Infrastructure Owner, Infrastructure Owner HoldCo, Infrastructure Operator and Project Contractors and any of their respective Affiliates will be exclusively governed by private law, with the exception of the benefits granted by the BOT Law, the Investment Code, the Mining Code and this Convention.