Authority Default shall have the meaning set forth in Clause 23.2;
Authority Default shall have the meaning set forth in Clause 23.2; “Authority’s Engineer” shall have the meaning set forth in Clause 18.1;
Authority Default means one of the following events:
Examples of Authority Default in a sentence
The Authority warrants to the Contractor that the Replies to Enquiries have been prepared after due and careful enquiry and are reasonably believed to be true, accurate and complete as at the date of this Agreement, provided that no inaccuracies or omissions in such information shall be capable of giving rise to an Authority Default.
More Definitions of Authority Default
Authority Default shall have the meaning set forth in Clause 23.2; “Authority’s Engineer” shall have the meaning set forth in Clause 18.1; “Authority Representative” means such person or persons as may be authorised in writingbytheAuthoritytoactonitsbehalfunderthisAgreementandshallincludeany person or persons having authority to exercise any rights or perform and fulfill any obligations of the Authority under thisAgreement; “Bank” means a bank incorporated in India and recognized by the Reserve Bank of India “Bank Rate” meansthe standard rate at which Reserve Bank of India is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under the Reserve Bank of India Act 1934. “Base Rate” means the floor rate of interest announced by the State Bank of India for all its lending operations; “Base Date” means the last date of the calendar month, which precedes the Bid Due Date by at least 28 (twenty eight) days; “Bid” means the documents in their entirety comprised in the bid submitted by the [selected bidder/ Joint venture] in response to the Request for Proposal in accordance with the provisions thereof; “Bid Security” means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security; “Change in Law” means the occurrence of any of the following after the Base Date: (a) the enactment of any new Indianlaw; (b) the repeal, modification or re-enactment of any existing Indianlaw; (c) the commencement of any Indian law which has not come into effect until the Contract AgreementPage 18 of 160 “Widening / Improvement to 4 (Four) Lane with Paved Shoulder configuration of existing single lane road from Srirampur (near Bhairiguri Village) to Kachukhana Harichara Paglagaunj (Package-I) of Srirampur - Dhubri Section of NH-127B from existing Km 0.000 to Km 28.050 (Design Km 0.000 to Km 27.650), (Design Length=27.650 Km) on EPC Mode in the State of Assam under JICA - ODA loan assistance.” Mar 2022
Authority Default means any of the events of default by the Authority set out in Clause 12.6 (Authority Default);
Authority Default means one of the following events: (a) an expropriation, sequestration or requisition of a material part of the assets and/or shares of the Contractor by the Authority or other Relevant Authority; (b) a failure by the Authority to make payment of the undisputed amounts that are due and payable by the Authority under this Contract where such amounts exceed the aggregate of the Contract Price payable by the Authority in respect of the previous two (2) Months, within thirty (30) Days after service of a formal written demand by the Contractor, where each such amount fell due and payable two (2) (or more) Months prior to the date of service of the written demand; (c) a breach by the Authority of its obligations under this Contract which substantially frustrates or renders it impossible for the Contractor to perform its obligations under this Contract for a continuous period of three (3) Months;
Authority Default means the event where the Authority has failed to cure or rectify a breach, committed by it, within the Cure Period granted in the Notice of Breach issued by the Concessionaire to the Authority. Events of Authority’s Default are provided in ARTICLE 25.
Authority Default shall have the meaning set forth in Section 16.1(b) of this Agreement.
Authority Default has the meaning ascribed thereto in Section 16.2(a).
Authority Default means any breach of the obligations of the Authority (including but not limited to any fundamental breach or breach of a fundamental term of this Framework Agreement) or any other default, act, omission, misrepresentation, negligence or negligent statement of the Authority in connection with or in relation to this Framework Agreement or the subject matter of this Framework Agreement and in respect of which the Authority is liable to the Supplier.