OSITRAN definition

OSITRAN means Organismo Supervisor de la Inversión en Infraestructura de Transporte de Uso Publico, the Borrower’s entity in charge of supervising infrastructure investment in the public transport system, established pursuant to the Borrower’s Law No. 26917 of January 23, 1998;
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OSITRAN is the Supervisory Organism of Investment in Infrastructure of Transport of Public Use. It complies with the functions set forth in this Contract, in Act Nº 26917 and its regulatory, complementary, amended and expanded rules; or any agency which substitutes it in the future. Likewise, it shall supervise the compliance of the CONCESSIONAIRE’s obligations set forth in this Contract.
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Examples of OSITRAN in a sentence

  • During the term of the Contract the CONCESSIONAIRE shall have insurance policies required by this Clause, with policy proposals duly approved by OSITRAN.

  • The policies hired in accordance with the provisions of this Agreement shall contain a provision requiring the respective insurance company to give written notice to OSITRAN and the GRANTOR regarding any breach by the CONCESSIONAIRE on payment of premiums and any circumstance affecting the validity or effectiveness of the policy, with an anticipation not less than twenty five (25) Calendar Days from the date on which such breach may result in partial or total cancellation of the policy.

  • It shall correspond to the works supervisor to inform regularly the progress of the Works to OSITRAN, in the required format of information.

  • The CONCESSIONAIRE shall notify OSITRAN, with ten (10) days in advance, the dates when the related policies will be renewed, in order for OSITRAN to review and comment on the conditions in which they are issued.

  • In order to correct the observations that OSITRAN informs about the noncompliance of what is established in Section 6.1 and the following ones from this Contract, OSITRAN shall provide the CONCESSIONAIRE a term to correct them.

  • The form and opportunity, in which this obligation shall be carried out, as well as the charge rules when common rules exist, shall be determined by OSITRAN.

  • The assigned functions to the works supervisor and those set forth in the Contract shall be executed according to the faculties granted by ▇▇▇▇▇▇▇ and according to what is set forth in the policies and regulations that OSITRAN establishes for that purpose.

  • OSITRAN shall supervise that the content of the agreements with Downstream Users violates neither the dispositions set forth in Agreement nor in the REMA, being able to instruct the CONCESSIONAIRE to render void and null those provisions that infringe them.

  • OSITRAN shall carry out the supervision and technical assessments in order to verify the complete compliance with the Basic Standards and other conditions set forth in this Contract.

  • Should the CONCESSIONAIRE fail to provide information, he shall be subject to OSITRAN Regulations on Penalties and Sanctions, approved by Board Resolution No. 023-2003-CD-OSITRAN,or legislation replacing it.

Related to OSITRAN

  • C.G.S. means the Connecticut General Statutes.

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.

  • SAHRC means the South African Human Rights Commission.

  • AEOI means one or more of the following, as the context requires:

  • DGPC means Druk Green Power Corporation Limited including its successors and permitted assigns;