Common use of Transfer Requirement Clause in Contracts

Transfer Requirement. Upon expiration of the duration of the Contract or the termination of this Contract, as the case may be, the Contractor shall comply with and conform to the following transfer requirements (“Transfer Requirements”): a) Transfer the Site, free and clear of all Encumbrances; b) Deliver forthwith the actual or constructive possession of the Project, free and clear of all Encumbrances, c) cure defects, if any, and hand back/hand over all the Equipment to the Authority; provided that in the event of termination during the Term all the Equipment shall be handed back to the Authority on ‘as is where is’ basis;

Transfer Requirement. Upon expiration of the duration of the Contract or the termination of this Contract, as the case may be, the Contractor shall comply with and conform to the following transfer requirements (“Transfer Requirements”): a) a. Transfer the Site, free and clear of all Encumbrances; b) b. Deliver forthwith the actual or constructive possession of the Project, free and clear of all Encumbrances, c) c. cure defects, if any, and hand back/hand over all the Equipment to the Authority; provided that in the event of termination during the Term all the Equipment shall be handed back to the Authority on ‘as is where is’ basis;