Examples of DTA Contract in a sentence
After acknowledgement of the LOA as aforesaid by the Selected Bidder(s), it shall execute the DTA Contract within the period prescribed in Clause 1.3. The Selected Bidder(s) shall not be entitled to seek any deviations in the DTA Contract.
The Performance Security shall cease to be in force and effect till the subsistence of the DTA Contract and provided the Service Provider is not in breach of this DTA Contract.
The Parties hereby undertake that in the event the Consortium is declared the Selected Bidder and awarded the Project, it shall enter into a DTA Contract with the Authority and for performing all its obligations in terms of the DTA Contract for the Project.
Survival of rightsNotwithstanding anything to the contrary contained in this DTA Contract, any Termination pursuant to the provisions of this DTA Contract shall be without prejudice to the accrued rights of either Party including its right to claim and recover money damages, insurance proceeds, security deposits, and other rights and remedies, which it may have in law or contract.
This DTA Contract shall not be assigned by the Service Provider to any person, save and except with the prior consent in writing of the Authority, which consent the Authority shall be entitled to decline without assigning any reason.
Upon replenishment or furnishing of a fresh Performance Security, as the case may be, as aforesaid, the Service Provider shall be entitled to an additional Cure Period of 90 (ninety) days for remedying the Service Provider Default, and in the event of the Service Provider not curing its default within such Cure Period, the Authority shall be entitled to encash and appropriate such Performance Security as Damages, and to terminate this DTA Contract in accordance with Article 16.
It is expressly agreed that the Service Provider shall, at all times, be responsible and liable for all its obligations under this DTA Contract and no default under any agreement shall excuse the Service Provider from its obligations or liability hereunder.
The Service Provider shall comply with all Applicable Laws and Applicable Permits (including renewals as required) for the performance of its obligations under this DTA Contract.
In the event of the Authority determining that a Change of Scope is necessary, it shall issue to the Service Provider a notice specifying in reasonable detail the services contemplated thereunder (the “ Change of Scope Notice”) and the resultant impact (increase or decrease) on the Contract Fee payable to the Service Provider under this DTA Contract .
For the avoidance of doubt, it is agreed that this Clause 18.1 shall be restricted to changes in law directly affecting the Service Provider’s costs of performing its obligations under this DTA Contract.