BRBN definition
Examples of BRBN in a sentence
BRBN may be requested to provide assistance, if needed; however, the responsibility of fulfilling the required criteria and requirement shall lie with the Concessionaire.
In the event of the encashment of the Performance Security by BRBN pursuant to Encashment Notice issued in accordance with the provisions of Article 16 the Concessionaire shall within 30 (thirty) days of the Encashment Notice furnish to BRBN fresh Performance Security failing which BRBN shall be entitled to terminate this Agreement in accordance with the provisions of Article 16.
All such changes shall be made by BRBN by an order (the "Change of Scope Order”) issued in accordance with the procedure set forth in Article 13.2.
The Concessionaire shall reimburse to BRBN on demand the entire costs incurred by BRBN in completing the Punch List items.
By the Concession Agreement dated entered into between BRBN and M/s.
BRBN shall through an office order, constitute a Steering Group comprising of a representative each of the BRBN and the Concessionaire within 60 days of this Agreement.
The Concession Fee shall be payable by the Concessionaire to the BRBN one installment on every anniversary of the Appointment Date.
Each insurance policy shall provide that the same shall not be cancelled or terminated unless 10 Days' clear notice of cancellation is provided to BRBN in writing.
BRBN may, notwithstanding anything to the contrary contained in this Agreement, require provision of such addition/deletion to the works and services on or about the Project which are beyond the scope of the Project as contemplated by this Agreement ("Change of Scope"), provided such changes do not require expenditure exceeding 5% of Total Project Costand do not adversely affect the Scheduled Project Completion Date.
With a view to facilitate financing of the Project by the Concessionaire, in pursuance of Article ------- of the Concession Agreement, BRBN and the Concessionaire have agreed to enter into Substitution Agreement being these presents with the Lender/s/Lenders’ Representative.