Examples of Independent Engineer in a sentence
If any Special Determination is requested by Xxxxxxxx, Borrower shall provide an updated Reserve Report brought forward from the most recent Reserve Report furnished by Borrower to Administrative Agent, which shall be prepared either by an Independent Engineer or by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding December 31st Reserve Report.
The construction and material supply qualities are also validated with respect to the TSA by the lender`s Independent Engineer during its quarterly construction review.
In terms of the provisions of the TSA, there are sufficient checks and balances for the quality control mechanisms whereby, CEA, Nodal Agency and Independent Engineer will monitor the overall quality of construction of the Project by the Petitioner to ensure that the Petitioner is complying with Articles 5.1.1 and5.4 of the TSA.
The CTUIL / its appointed Independent Engineer and the Central Electricity Authority shall monitor the execution of the Project and bring to the notice of the Commission any lapse on the part of the licensee to meet the schedule for further appropriate action in accordance with the provisions of the Transmission Service Agreement executed between the licensee & Nodal Agency, the Act and the Transmission Licence Regulations.16.