THE CONSTRUCTION PERIOD definition

THE CONSTRUCTION PERIOD means the period which commences on the effective date and which terminates 18 (eighteen) months after the effective date, or on the date on which all construction work included in the project becomes practically complete, whichever is the earlier; 2.1.14 "THE CONSTRUCTION CONTRACT" means the contract, envisaged in 3.3 read with 4.1.2 and 10.5 below, which Bidco will conclude with the contractor; 2.1.15 "THE CONTRACTOR" means Concor Holdings (Proprietary) Limited; 2.1.16 "THE CONTRACTOR'S GUARANTEE" means the guarantee envisaged in 10.5.2 below, which the contractor will furnish to Bidco in terms of the construction contract; 2.1.17 "DEBT EQUITY RATIO" means the ratio between the debts of Bidco and the equity of Bidco where ~ 2.1.17.1 "DEBT" means all interest-bearing debt of any nature whatsoever of Bidco, including any cumulative redeemable preference shares issued by it together with any share premium attributable to any such cumulative redeemable preference shares, but excluding any debt included in the definition of "EQUITY" in 2.1.17.2 below, as reflected in Bidco's management accounts as at the date on which the ratio is measured or as reflected in any audited financial statements of Bidco that may have been prepared as at that date and on the basis that if there is any conflict between any such management accounts and such audited financial statements, the audited financial statements shall prevail; 3
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THE CONSTRUCTION PERIOD means the supply, installation and commissioning period as per section 8 or actual period till the supply, installation and commissioning of AAQMS operation from the date of signing of the Agreement.
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Examples of THE CONSTRUCTION PERIOD in a sentence

  • THE CM PROJECT SUPERINTENDENT SHALL MAINTAIN A FIELD SET OF DRAWINGS FOR THE DURATION OF THE CONSTRUCTION PERIOD.

  • AND THE LENDERS' OBLIGATIONS TO MAKE CONSTRUCTION FUNDINGS FOR THE ONGOING CONSTRUCTION ON ANY PROPERTY PRIOR TO THE CONSTRUCTION PERIOD TERMINATION DATE.

  • IN THE EVENT ANY TERMS OF THE LEASE CONFLICT WITH THIS RIDER/EXHIBIT DURING THE CONSTRUCTION PERIOD, THE RIDER/EXHIBIT SHALL PREVAIL.

  • CONTRACT VALUE DOES NOT EXCEED R150 MILLION, AND THE CONSTRUCTION PERIOD DOES NOT EXCEED 36 MONTHS, AND THE DEFECTS LIABILITY PERIOD DOES NOT EXCEED 24 MONTHS Each Party shall be responsible for effecting and maintaining the relevant insurances as specified below and to the extent relevant to the Contract.

  • LENDERS' OBLIGATIONS TO MAKE --------------------------------------------------------------- CONSTRUCTION ADVANCES FOR THE ONGOING CONSTRUCTION ON ANY PROPERTY ------------------------------------------------------------------ PRIOR TO THE CONSTRUCTION PERIOD TERMINATION DATE.

  • WHERE THE AWARDED CONTRACT VALUE DOES NOT EXCEED R150 MILLION, AND THE CONSTRUCTION PERIOD DOES NOT EXCEED 36 MONTHS, AND THE DEFECTS LIABILITY PERIOD DOES NOT EXCEED 24 MONTHS Each Party shall be responsible for effecting and maintaining the relevant insurances as specified below and to the extent relevant to the Contract.

  • THE PARTIES ACKNOWLEDGE THAT SAFETY IS A PARAMOUNT OBJECTIVE DURING THE CONSTRUCTION PERIOD.

  • INSURANCE CLAUSES FOR AIRSIDE CONSTRUCTION CONTRACTS WHERE THE AWARDED CONTRACT VALUE DOES NOT EXCEED R150 MILLION, AND THE CONSTRUCTION PERIOD DOES NOT EXCEED 36 MONTHS, AND THE DEFECTS LIABILITY PERIOD DOES NOT EXCEED 24 MONTHS Each Party shall be responsible for effecting and maintaining the relevant insurances as specified below and to the extent relevant to the Contract.