OPIL definition

OPIL means Ocean Partners Investments Limited;
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OPIL has the meaning set forth in the preamble.
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Examples of OPIL in a sentence

  • If the successful bidder commits any default or breach of any of the terms and conditions herein, OPIL shall be entitled to get compensation/ damages from the successful bidder.

  • Even after such recovery/ adjustment by OPIL from bidder any amount as mentioned above lying with OPIL, if any further amount is still found payable / refundable by the bidder, the bidder shall pay the same to OPIL on demand without any objection or demur.

  • OPIL shall have the full liberty to do any or all of the following :- Cancel the contract with immediate effect for the materials under the contract not taken delivery by the bidder as on that date, in which case the pre- Bid EMD/Security Deposit and EMD along with the balance payment (if paid, any), will stand forfeited.

  • OPIL will not individually intimate to the registered participants regarding the e-sale schedule.

  • The Security Deposit will be refunded after completion of the delivery in all aspects and after deducting for the loss / damages caused to OPIL.

  • The defaulted bidder shall be debarred from participating in future bids at the sole discretion of OPIL.

  • During the delivery period, it shall be solely the responsibility of buyer to ensure that the workers employed by the buyer within the OPIL Factory premises are governed under the Labour Laws and Rules, Factories Act, provision of ▇▇▇ ▇▇▇ ▇▇▇▇ and other applicable laws and rules as amended from time to time, including OPIL’S Security and Safety Rules as applicable.

  • Retain and/or adjust recover from bidders any amount lying OPIL to the bidder’s credit either under this contract or any other which may at any time become payable/ refundable to the bidder either under this contract or any other contract, the amount of losses or damages or claim that might be incurred by OPIL in selling the materials under contract not taken delivery by the bidder at bidder’s risk and costs.

  • Such details will be posted on the website of OPIL (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).

  • If any damage caused to OPIL’s property, the buyer is responsible to make good such damage to the satisfaction of OPIL, and the decision of OPIL, in this regard shall be final and binding.

Related to OPIL

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • SWDocID [[6027980]]" "" [[6027980]] certificates actually delivered to it representing securities pledged under the Collateral Agreement or to file UCC continuation statements, (B) such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer or (C) any such loss of validity, perfection or priority is the result of any failure by the Administrative Agent to take any action necessary to secure the validity, perfection or priority of the liens, or (iii) the Guarantees pursuant to the Security Documents by any of the Loan Parties of any of the Secured Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by any of the Loan Parties not to be in effect or not to be legal, valid and binding obligations; then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to the Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

  • POPIA means the Protection of Personal Information Act 4 of 2013;

  • TELRIC means Total Element Long-Run Incremental Cost.

  • GoWB means Government of West Bengal