Handover of Project Site. (a) shall within 15 days of the Concessionaire paying the “Annual Concession Fee” under Clause 7.1 shall handover the Project Site to the Concessionaire to enter upon and utilise the Site for the construction pursuant to and purpose of implementing the Project in accordance with this Agreement. However, the same shall be subject to the submission of Performance Security in terms of provisions of Article 5.1. The Project Site may be handed over to the Concessionaire in a phased manner. For avoidance of doubt, in case the Project site is handover in phased manner the Concessionaire shall not be relieved or absolved in any manner whatsoever of its obligations, duties and liabilities as set forth in this Agreement.
Appears in 2 contracts
Sources: Concession Agreement, Concession Agreement