IHMCL definition
Examples of IHMCL in a sentence
However, in case the Consultant claims to have suffered a Force Majeure Event, the Consultant shall continue to perform its obligations under this Agreement as far as is reasonably practical, and shall seek all reasonable alternative means for performance not prevented by Force Majeure Event, unless otherwise directed by the IHMCL.
Further, all information collected, analyzed, processed or in whatever manner provided by the Consultant to the IHMCL in relation to this Agreement shall be the property of the IHMCL.
Such substitution shall only be considered by IHMCL incase the substituted Key Personnel is of an equal or better qualification and experience, further subject to the satisfaction of IHMCL.
Notwithstanding anything stated in this Agreement, in case of the occurrence of any of the events specified hereunder, the Consultant may terminate this Agreement, by giving a written Termination Notice to the IHMCL of not less than 60 (Sixty) days.
IHMCL is a company incorporated under the Companies Act, 1956 with equity participation from NHAI, concessionaires and financial institutions for implementation of Electronic Toll Collection and other Intelligent Transportation System and allied works in road transport sector in India.
The scope of Services of the Consultant shall include, without limitation, assisting IHMCL in organising, monitoring and setting up and smooth operationalisation of the call centres by the service provider selected/ to be selected by IHMCL.
Notwithstanding anything stated in this Agreement, in case of the occurrence of any of the events specified hereunder, IHMCL may terminate this Agreement by giving a written notice of termination to the Consultant (“Termination”) of not less than 30 (Thirty) days and 60 (Sixty) days in case of the event specified in Sub-Clause (n) hereunder (the “Termination Notice”).
Indian Highways Management Company Limited (IHMCL), constituted under Companies Act, 1956 and having its Registered Office at NHAI, G 5 & ▇, ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ and Corporate Office at ▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇-▇▇▇▇▇▇ (hereinafter referred to as the “IHMCL”, which expression shall, unless repugnant to or inconsistent with the context, mean and include its successors and assigns) of the FIRST PART.
IHMCL, on receipt of such communication, shall analyze the facts at the earliest and at its sole discretion, may provide additional time and/or recover damages there from, as deemed reasonable.
IHMCL also stand absolved of any liability on account of death or injury sustained by the Consultant’s staff during the performance of its obligations under this Agreement and also for any damages or compensation due to any dispute between the Consultant and its staff.