Enforcement Action. 15.8.1 Pursuant to the cession of the Terminal Operator’s right, title and interest, or any reversionary interest, (as the case may be) in and to the Performance Guarantees as contemplated in clause 15.7 (cession of Performance Guarantees), such Performance Guarantees shall secure the Terminal Operator’s performance of its obligations to the TNPA in respect of the Construction Works and Operation and Maintenance and may be called on by the TNPA to the extent of any losses, costs, damages or expenses suffered or incurred by the TNPA as a result of a breach by the Terminal Operator of the aforesaid obligations including, but not limited to, compensation to the TNPA for any actions taken by the TNPA as a result of such breach by the Terminal Operator of its obligations.
Appears in 2 contracts
Samples: publishedetenders.blob.core.windows.net, publishedetenders.blob.core.windows.net
Enforcement Action. 15.8.1 15.6.1 Pursuant to the cession of the Terminal Facility Operator’s 's right, title and interest, or any reversionary interest, (as the case may be) in and to the Performance Guarantees as contemplated in clause 15.7 15.5 (cession of Performance Guarantees), such Performance Guarantees shall secure the Terminal Facility Operator’s 's performance of its obligations to the TNPA in respect of the Construction Works and Operation and Maintenance and may be called on by the TNPA to the extent of any losses, costs, damages or expenses suffered or incurred by the TNPA as a result of a breach by the Terminal Facility Operator of the aforesaid obligations including, but not limited to, compensation to the TNPA for any actions taken by the TNPA as a result of such breach by the Terminal Facility Operator of its obligations.
Appears in 2 contracts
Samples: Facility Operator Agreement, Facility Operator Agreement
Enforcement Action. 15.8.1 15.7.1 Pursuant to the cession of the Terminal Operator’s 's right, title and interest, or any reversionary interest, (as the case may be) in and to the Performance Guarantees as contemplated in clause 15.7 15.6 (cession Cession of Performance Guarantees), such Performance Guarantees shall secure the Terminal Operator’s 's performance of its obligations to the TNPA in respect of the Construction Works and Operation and Maintenance and may be called on by the TNPA to the extent of any losses, costs, damages or expenses suffered or incurred by the TNPA as a result of a breach by the Terminal Operator of the aforesaid obligations including, but not limited to, compensation to the TNPA for any actions taken by the TNPA as a result of such breach by the Terminal Operator of its obligations.
Appears in 1 contract
Samples: Operations Agreement