RISL definition
Examples of RISL in a sentence
Unless otherwise directed by RISL, the supplier/ selected bidder shall continue to perform its obligations under the contract as far as reasonably practical.
In such event, termination will be without compensation to the supplier/ selected bidder, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to RISL.
If RISL terminates the contract in whole or in part, amount of PSD may be forfeited.
RISL may at any time terminate the Contract by giving a written notice of at least 30 days to the supplier/ selected bidder, if the supplier/ selected bidder becomes bankrupt or otherwise insolvent.
All documents regarding the discharge of such lien and liabilities shall be furnished to RISL or its nominated agencies.
RISL, by a written notice of at least 30 days sent to the supplier/ selected bidder, may terminate the Contract, in whole or in part, at any time for its convenience.
Each Exit Management Plan shall be presented by the selected bidder to and approved by RISL or its nominated agencies.
If applicable, proposed arrangements and Plans for provision of contingent support in terms of business continuance and hand holding during the transition period, to RISL or its nominated agencies, and Replacement Operator for a reasonable period, so that the services provided continue and do not come to a halt.
In case of failure to withhold the amount, it shall be recovered from his dues and performance security deposit available with RISL.
All title of the assets to be transferred to RISL or its nominated agencies pursuant to clause(s) above shall be transferred on the last day of the exit management period.