Common use of Scope of Transfer Clause in Contracts

Scope of Transfer. 17.1.1 The Concessionaire shall at the end of the Concession Period or earlier termination of the Concession Agreement, as the case may be, forthwith and in any case not later than 90 days from expiry or earlier termination of the Agreement, hand over to the Authority, Project Site(s), shed, building including mechanical, electrical plumbing works, ETP along with any other immovable assets as constructed by the Concessionaire (the “Transferrable Assets”) on the Project Site to the Authority, free and clear of any liability, charge, lien, Encumbrances along with all of the Concessionaire’s right, title and interest in the assets constructed/installed free of cost on the Project Site(s). The Concessionaire shall also deliver to the Authority on such date operating manuals if any, plans, designs, drawings and other information as may reasonably be required by the Authority; 17.1.2 All project agreements entered by the Concessionaire in respect of the Project shall specify the Transfer Date and its corresponding effect. Failure to specify the Transfer Date and its corresponding effect in the project agreements shall not adversely affect the Authority and the Concessionaire shall be solely responsible for handover of the Transferrable Assets on the Transfer Date at its own risk and cost.

Scope of Transfer. 17.1.1 19.1.1 The Concessionaire shall at the end of the Concession Period or earlier termination of the Concession Agreement, as the case may be, forthwith and in any case not later than 90 days from expiry or earlier termination of the Agreement, hand over to the Authority, Project Site(s)Site, shed, building including mechanical, electrical plumbing works, ETP along with any Project Facility and all other immovable assets as constructed Assets created/installed during the Concession Period by the Concessionaire (the “Transferrable Assets”) on the Project Site to the Authority, free and clear of any liability, charge, lien, Encumbrances along with all of the Concessionaire’s right, title and interest in the assets constructed/installed free of cost on the Project Site(s)Site. The Concessionaire shall also deliver to the Authority on such date operating manuals if any, plans, designs, design drawings and other information as may reasonably be required by the AuthorityAuthority to enable it to continue the operation of the Project Facility; 17.1.2 19.1.2 All project agreements entered by the Concessionaire in respect of the Project shall specify the Transfer Date and its corresponding effect. Failure to specify the Transfer Date and its corresponding effect in the project agreements shall not adversely affect the Authority and the Concessionaire shall be solely responsible for handover of the Transferrable Project Facility along with Project Site and Assets on the Transfer Date at its own risk and cost.