Proposal Acceptance definition
Examples of Proposal Acceptance in a sentence
Each Party hereto shall use all reasonable endeavors at its cost and expense to procure the satisfaction in full of its respective Conditions Precedent set out above within 90 (ninety) days of Proposal Acceptance Date.
Any Works of whatever nature, which the Concessionaire elects to carry out prior to the Proposal Acceptance Date including investigations, surveys, design, etc shall be entirely at the risk and Cost of the Concessionaire.
The rights and obligations of the Parties under this Concession Agreement shall commence from the Proposal Acceptance Date.
References in this Concession Agreement to Technical Requirements, building bye laws, construction and environmental regulations, regulations applicable to the Project or its components and Good Industry Practices shall be understood to be references to the edition applicable on the Proposal Acceptance Date, unless stated otherwise.
Within 1 month from the Proposal Acceptance Date, the Concessionaire shall provide to the Authority details of its safety plans and procedures for the Works, buildings, services and construction.
The Concession Period shall be adjusted taking into account any increase or decrease in the costs resulting from Changes in Law specifically in relation to the Project, made after the Proposal Acceptance Date.
If the Concessionaire suffers (or will suffer) delays or incurs (or will incur) additional costs, or loss in revenue resulting from such Change in Law, made after the Proposal Acceptance Date, the Concessionaire shall give notice to the Authority.
It is specially clarified that a change in the rate of a Tax or duty shall not be considered a change in law for the purpose of this Article if the Tax or duty itself was in existence on the Proposal Acceptance Date.
The Concession Agreement shall include all charges towards import license, customs duties, import duties, business taxes, etc., that may be levied in accordance with the Applicable Laws as on the Proposal Acceptance Date in India on the Concessionaire's Equipment, Plant and Machinery and Materials (whether permanent, temporary or consumable) acquired for the purpose of this Concession Agreement and on the services to be performed under this Concession Agreement.
If this Proposal is acceptable, please have an authorized officer sign in the space provided below in the Proposal Acceptance Form and return a signed copy via either email or fax, or the signed original to our office.