Turnkey Contracts definition

Turnkey Contracts means those Onshore Drilling Contracts between the Sale Group and the Retained Group which operate on a “turnkey” basis rather than a “day rate” basis, it being recognised that once an Onshore Drilling Contract switches from a “turnkey” basis to a “day rate” basis it will cease to be a “Turnkey Contract” for the purposes of this Schedule, whereupon the Provider will cease to provide Turnkey Contracts and Turnkey Materials in relation to such contract, but will continue to provide Operational Services and Operational Materials;
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Turnkey Contracts means contracts between or among one or more Credit Parties and their Subsidiaries on the one hand and third parties on the other hand for the purchase of meter reading systems, pursuant to which such Credit Parties and their Subsidiaries remain responsible for installation of such systems, and the third party's obligation to pay and responsibility to operate systems occurs upon installation or acceptance of the system.
Sample 1
Turnkey Contracts means contracts between Borrower or a Subsidiary and third parties for the purchase of meter reading systems, where such Borrower or Subsidiary remains responsible for installation of the system, and the customer's obligation to pay and responsibility to operate the system occurs upon installation and/or acceptance of the system.
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Examples of Turnkey Contracts in a sentence

  • In case of LSTK (Lump Sum Turnkey Contracts) / EPC: PBG @ 10% within 15 days of notification of award.

  • Net Sales are after trade discounts and inclusive of price variation claims and Receipts from Turnkey Contracts.

  • In the case of DDP/ Turnkey Contracts, the Contractor shall arrange shipment in accordance with the requirements of the Ministry of Shipping & Transport, New Delhi, India, indicated in Annexure 21 or as applicable.

  • These factors added more significance to vehicle routing problems, and researchers worldwide found interest in this area [2].

  • Revenue from Turnkey Contracts, which are either Fixed Price or Cost Plus contracts, is recognized based on work completion of activity or achievement of milestone.

  • Turnkey Projects– In the case of lump-sum Turnkey Contracts, as proportion of actual direct costs of the work to latest estimated total direct cost of the work.

  • The EMD for Mining tenders and Tenders for Turnkey Contracts will be as per Contract Management Manual and EMD for Civil, E&M and other tenders will be as per Manual of Civil Engineering Works of CIL and the existing policy of CIL.

  • Finalization of (a) Procurement Guidelines, (b) Tender Specification of procurement/ supply, (c) Tender Specification for Turn-key Contracts for supply and erection.3. Finalization of Loan Agreement between GoO & GRIDCO and GRIDCO & DISCOMs and approved by Monitoring Committee on 26-06-2012.4. Engagement of TPEIA for four DISCOMs have finalized by GRIDCO for verification of AT&C loss and inspection of materials.

  • The International Federation of Consulting Engineers (FIDIC), has recently prepared the First Edition (1995) of Conditions of Contract for Design-Build and Turnkey Contracts.

  • List of Turnkey Contracts executed as Prime contractor of similar nature over the last 5 years and details of other works in hand and contractual commitments.

Related to Turnkey Contracts

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Seller Contracts means those Contracts of Seller or any Other Seller that relate primarily to the Business.

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Project Contract means a Project Contract as such term is defined in the RfP; “Proposal” means a Proposal as such term is defined in the RfP;

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • PJM Agreements means the PJM OATT, PJM Operating Agreement, PJM RAA and any other applicable PJM manuals or documents, or any successor, superseding or amended versions thereof that may take effect from time to time.