Common use of Monitoring Agency Clause in Contracts

Monitoring Agency. (a) DUSIB shall have the right to appoint on a fulltime basis, either its employee or its representative as Monitoring Agency (“Monitoring Agency”) for the Project. DUSIB shall endeavour to complete the process of appointment of the Monitoring Agency within 15 (fifteen) days of the Effective Date. The initial term of the Monitoring Agency may extend upto 2 (two) years. On expiry or termination of the aforesaid term, the DUSIB may in its discretion renew the appointment, or appoint another agency to be the Monitoring Agency, and such procedure shall be repeated after expiry of each appointment for the duration of the Term. (b) All fees, costs, charges and expenses payable to the Monitoring Agency in accordance with the terms of its appointment (collectively "the Remuneration") shall be borne by the DUSIB. (c) The role of the Monitoring Agency has been detailed in Schedule V.

Monitoring Agency. (a) DUSIB shall have the right to appoint on a fulltime basis, either its employee or its representative as Monitoring Agency (“Monitoring Agency”) for the Project. DUSIB shall endeavour to complete the process of appointment of the Monitoring Agency within 15 (fifteen) days of the Effective Date. The initial term of the Monitoring Agency may extend upto 2 (two) years. On expiry or termination of the aforesaid term, the DUSIB may in its discretion renew the appointment, or appoint another agency to be the Monitoring Agency, and such procedure shall be repeated after expiry of each appointment for the duration of the Term. (b) All fees, costs, charges and expenses payable to the Monitoring Agency in accordance with the terms of its appointment (collectively "the Remuneration") shall be borne by the DUSIB. (c) The role of the Monitoring Agency has been detailed in Schedule V.VI.