SAMB definition

SAMB means the State Agricultural Marketing Board;
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Examples of SAMB in a sentence

  • Provided however, if PE’s Event of Default or any other default by PE triggering levy of liquidated damages occurs at any time after the time of exercise by PE of right of extension until the 15th anniversary of the Effective Date, then PE’s right of extension of an additional term of 10 years shall lapse unless otherwise agreed by the SAMB.

  • The PE shall be liable for payment of the market fee to the SAMB for all the agricultural produce, perishable and/ or non-perishable, which is transacted through the electronic auction system or otherwise of the MTM.

  • Provided further that if the relevant Mandatory Capital Project is completed within the time period set in the Master Plan inspite of delay in commencement, 95% of the liquidated damages already levied on the PE by SAMB with regards to delay in commencement shall be returned to the PE by SAMB.

  • If the SAMB and the PE are unable to meet or to agree a plan and appoint a Joint Operation and Management Committee, the SAMB shall be entitled, at the risk and cost of the PE, to operate the MTM either itself or through a nominee.

  • The SAMB may, with the prior approval of Chandigarh administration, either extend the tenure of the License Fee Deed and the grant or re-auction the project or take any other action to continue or discontinue the project at the expiry of the Term of the Agreement at the end of 15 years (or 25 years, as the case may be).

  • The SAMB and its representatives shall be permitted to inspect at any reasonable time the books, records and other material kept by or on behalf of the PE in order to check or audit any information (including the calculation of Revenue) supplied to the SAMB under this Agreement.

  • In case of non-payment of Market Fee to the SAMB within the time period stipulated as above, the PE shall be liable to pay a penal interest rate, as specified by the SAMB from time to time, as calculated on a daily basis on the outstanding arrears in this respect.

  • In the course of meetings, communications, correspondences and discussions, certain Confidential Information (as hereinafter defined) may be disclosed by SAMB and/or ABC to each other for the Purpose (as hereinafter defined).

  • In the event the Performance Bond is not replenished within one (1) month of its encashment, the SAMB shall have the right to encash the entire Performance Bond.

  • Upon the award of the project, the EMD submitted by the successful bidder shall be adjusted against the annual License Fee payable by the PE to the SAMB in the first year of the commencement of the Project.

Related to SAMB

  • SAMR means the State Administration for Market Regulation of the PRC or, with respect to the issuance of any business license or filing or registration to be effected by or with the State Administration for Market Regulation, any Governmental Authority which is similarly competent to issue such business license or accept such filing or registration under the Laws of the PRC.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • Lacquer means a clear or opaque wood coating, including clear lacquer sanding sealers, formulated with cellulosic or synthetic resins to dry by evaporation without chemical reaction and to provide a solid, protective film.

  • WADA means the World Anti-Doping Agency.