Examples of IITK in a sentence
If it is subsequently determined that any taxes that have been included in the price are not required to be paid or if, having been paid, any such taxes are subject to refunding, the IITK shall deduct the amount from the Contract price.
Where such errors, irregularities or fraud are attributable to the Contractor, the IITK may also refuse to make payments or may recover monies already paid, in proportion to the seriousness of the errors, irregularities or fraud.
As soon as possible after the occurrence of any event constituting Force Majeure, but no later than three (3) Days, the Contractor shall give notice and full particulars in writing to the IITK of the Force Majeure.
On behalf of the IITK, a duly authorised representative(s), shall take-over the Goods upon delivery.
The Contractor's price shall reflect any tax exemption to which the IITK is entitled.
Contractor; and(ii) “Place(s) of Delivery” means the location(s) or place(s) where the Goods are to bedelivered, as specified in the ‘SHIP TO’ named field of the IITK Purchase Order.
Take- over of the Goods by the IITK shall not be deemed acceptance of the Goods by the IITK.
Where the award procedure or execution of the Contract is vitiated by substantial errors or irregularities or by fraud, the IITK shall suspend execution of the Contract.
If the Contractor is thereby rendered unable, wholly or in part, to meet its obligations under the Contract, the IITK may terminate the Contract / PO with immediate effect by providing written notice to the Contractor.
In the event of the Contractor’s failure to obtain such licence or authorisation within a reasonable time, the IITK may immediately terminate the Contract.