Release of Performance Security. 2.3.1 On Termination of this Contract due to Authority’s Event of Default, the Performance Security shall be returned within 90 (ninety) days, after the Termination Date, to the Operator without any interest, subject to any deductions which may be made by the Authority in respect of any outstanding dues under the terms of this Contract. Similarly, the Performance Security shall be returned to the Operator within 90 (ninety) days after Expiry Date.
Appears in 4 contracts
Samples: Model Contract, Model Contract, mohua.gov.in
Release of Performance Security. 2.3.1 On Termination of this Contract due to Authority’s Event of Default, the Performance Security shall be returned within 90 (ninety) days, after the Termination Date, to the Operator without any interest, subject to any deductions which may be made by the Authority in respect of any outstanding dues under the terms of this Contract. Similarly, the Performance Security shall be returned to the Operator within 90 (ninety) days after Expiry Date.. PART – II: THE CONTRACT 3 SCOPE OF WORK
Appears in 2 contracts
Samples: Escrow Agreement, Model Contract
Release of Performance Security. 2.3.1 On Termination of this Contract due to Authority’s Event of Default, the Performance Security shall be returned within 90 (ninety) days, after the Termination Date, to the Operator without any interest, subject to any deductions which may be made by the Authority in respect of any outstanding dues under the terms of this Contract. Similarly, the Performance Security shall be returned to the Operator within 90 (ninety) days after Expiry Date.Date PART – II: THE CONTRACT 3 SCOPE OF WORK
Appears in 1 contract
Samples: Model Contract
