Emergency Takeover. In the event that the Shelter Management Agency is unable to provide Services for any reason whatsoever, including for reason of Force Majeure, DUSIB may, at its sole discretion, take over the provision of the Services and the Project Facilities and may in such circumstances requisition the use of the Equipment used by the Shelter Management Agency and the Shelter Management Agency shall allow the use of such Equipment by DUSIB (“Emergency Takeover”). An Emergency Takeover pursuant to this provision shall not extend beyond a period of sixty (60) days. In the event DUSIB determines to extend the Emergency Takeover beyond the said period of sixty (60) days, it shall terminate this Agreement and pay the Shelter Management Agency the book value of the Equipment and the termination payments pursuant to the provisions of this Agreement.
Appears in 2 contracts
Sources: Shelter Management Agreement, Shelter Management Agreement
Emergency Takeover. In the event that the Shelter Management Agency is unable to provide Services for any reason whatsoever, including for reason of Force Majeure, DUSIB may, at its sole discretion, take over the provision of the Services and the Project Facilities and may in such circumstances requisition the use of the Equipment used by the Shelter Management Agency and the Shelter Management Agency shall allow the use of such Equipment by DUSIB (“Emergency Takeover”). An Emergency Takeover pursuant to this provision shall not extend beyond a period of sixty (60) days. In the event DUSIB determines to extend the Emergency Takeover beyond the said period of sixty (60) days, it shall terminate this Agreement and pay the Shelter Management Agency the book value of the Equipment and the termination payments pursuant to the provisions of this Agreement.
Appears in 1 contract
Sources: Shelter Management Agreement