Obligation of Parties. Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that: (i) the Termination Payment, if any, payable by MCD in accordance with the following sub-article (d) is paid to the Concessionaire on the Termination Date; and (ii) the Project/Existing Project Facilities is handed over to MCD by the Concessionaire on the Termination Date free from any Encumbrance.
Appears in 6 contracts
Sources: Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement
Obligation of Parties. Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that:
(i) ; the Termination Payment, if any, payable by MCD in accordance with the following sub-article clause (d) is paid to the Concessionaire on the Termination Date; and
(ii) Date and the Project/Existing Project Facilities is are handed over back to MCD by the Concessionaire on the Termination Date free from any all Encumbrance.
Appears in 1 contract
Sources: Concession Agreement
Obligation of Parties. Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that:;
(i) the Termination Payment, if any, payable by MCD in accordance with the following sub-article (d) is paid to the Concessionaire on the Termination Date; andfollowing
(ii) the Project/Existing Project Facilities is are handed over back to MCD by the Concessionaire on the Termination Date free from any all Encumbrance.
Appears in 1 contract
Sources: Concession Agreement