Common use of Payment of Termination Payment Clause in Contracts

Payment of Termination Payment. 50.3.1. Subject to clause 50.3.2, within 180 (one hundred and eighty) days of agreement or determination of the Termination Payment in accordance with clause 50.1, Transnet shall pay to the Concessionaire in the circumstances identified in clause 50.2 (Situations in which a Termination Payment is Payable) the amount of the Termination Payment.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement