Examples of Nodal Agency in a sentence
However, such intimation by the Independent Engineer and/ or CEA and/ or the Nodal Agency and the subsequent effect of such remedial measures carried out by the TSP shall not relieve the TSP of its obligations in the Agreement.
However, in case of any change in Monthly Transmission Charges by reason of Change in Law, as determined in accordance with this Agreement, the Bills to be raised by the Nodal Agency after such change in Transmission Charges shall appropriately reflect the changed Monthly Transmission Charges.
Upon payment, the Nodal Agency shall take over the Project Assets.
Despite failure of the consultants (RECPDCL) to conduct the survey of 58 SAGY villages and DTR/Feeder metering, the Company released (January 2022) payment of ₹ 0.23 crore to RECPDCL based on their initial claims against survey of SAGY villages and DTR/Feeder metering works.In the Exit Conference, the MD stated (January 2022) that the Company had awarded the work of Project Management Agency to RECPDCL as it was a subsidiary of REC (Nodal Agency) for convenience in implementation of the project.
Provided that, notwithstanding anything contained in this Agreement, under no event shall the Nodal Agency or the TSP claim from one another any indirect or consequential losses or damages.