IICC definition
Examples of IICC in a sentence
The recitals in any such deed of any matters or facts, including any facts bearing upon the regularity or validity of any Non-Judicial Foreclosure Sale, are conclusive proof of their truthfulness.
Nonetheless, as a good partner of Party B, Party A shall make possible efforts for the said OSA and this Service Contract to be properly fulfilled by obtaining necessary coordination from IICC Limited timely to ensure business continuity, and both parties shall reach a reciprocal and bilateral consensus to terminate this Service Contract officially.
Party B shall understand and acknowledge that they can neither hold responsible IICC Limited or other 3rd parties for this Contract nor seek relief/remedy/compensation from them.
Before COD, Party B shall participate in the Pre-commissioning tests and Commissioning activities of the IICC venue as a part of Party A’s team.
Party B cannot seek any relief/remedy/compensation from IICC Limited or Party A for the termination of the Contract under this condition.
As stipulated in Clause 1 of this Article, Party B shall renounce their right to claim repayment of any of their expense and their right to claim the purchase of any of their attachments to the IICC operation area.
Both Party A and Party B also shall agree, acknowledge, and accept that IICC Limited(SPV), with whom Party A entered into OSA for the overall operation of IICC, reserves the right to replace Party A in this Contract in case that OSA between Party A and IICC Limited is officially terminated or suspended.
In case of Contract Year 1, starting date of the contract year is set to COD(Commercial Operation Date, to be officially confirmed and announced by IICC Limited under the Ministry of Commerce and Industry, Government of India.
The starting date of Catering Operations by Party B shall be the final/confirmed and official COD, which shall be issued by IICC Limited under the Ministry of Commerce and Industry of India.
Both Parties shall cooperate with each other with the goal of increasing mutual profit by marketing and promoting catering operations performed within IICC.