Common use of Withdrawals upon Termination Clause in Contracts

Withdrawals upon Termination. Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Implementation Agency for and in respect of the Project; (b) any amount due on account of appropriation of the Performance Security under Article 8 of this Agreement; (c) all payments and Damages certified by the Authority as due and payable to it by the Implementation Agency. The Implementation Agency hereby agrees to give irrevocable instructions to the Escrow Bank to make payment from the Escrow Account in accordance with the instructions of the Authority; and (d) any other payments required to be made under this Agreement The provisions of this Article 19 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 19.4 have been discharged.