Processing Facility. Concessionaire shall on the date of expiry of the Concession Period, hand back peaceful possession of the Project facilities to the Lead ULB free of cost and free from all encumbrances and in good operational condition. Upon service of the Termination Notice or at least 12 months before the expiry of the term of agreement, a joint inspection of the Project Facilities shall be undertaken by Independent Engineer/ the Lead ULB and Concessionaire. Concessionaire shall promptly undertake and complete such works/jobs on its own cost and expense, as may be required by the Lead ULB at least three months prior to the expiry of Concession Period and ensure that the Project Facilities may continue to meet such requirements even after the same are handed back to the Lead ULB.
Appears in 6 contracts
Sources: Concession Agreement, Concession Agreement, Concession Agreement