Selected Applicant definition
Examples of Selected Applicant in a sentence
The Selected Applicant shall construct minimum 25% of the maximum permissible built up area as per Clause 1 of RFP within 2 (two) years from the date of signing of this Agreement.
The issue of this Bid does not imply that the Department of Tourism, Government of Rajasthan is bound to select an Applicant or to appoint the Selected Applicant, as the case may be, for the Agency and the Department of Tourism, Government of Rajasthan reserves the right to reject all or any of the Proposals without assigning any reasons whatsoever and cancel the entire bidding process.
The Performance Security shall (a) initially, and until the third anniversary of the COD, be for an amount equivalent to the MAG quoted by the Selected Applicant under the RfP, and (b) commencing from the third anniversary of the COD for an amount equivalent to the Annual Licence Fee for the previous Contract Year.
The Selected Applicant shall complete construction and start operation of a 150 bedded Multi-Super specialty hospital with at least two of the medical super specialty services as per Schedule V of this Agreement, within five years from the date execution of Lease cum Development Agreement.
The Selected Applicant shall complete the Project (Construction of minimum 85% of the maximum permissible built up area as per Clause 1 of RFP) in all respect, shall obtain the completion certificate from NRDA, start operation of the 5 Star Deluxe Resort Project and obtain classification for 5 Star Deluxe Category from Ministry of Tourism, GoI within 4 (four) years from the signing of this Agreement.