Common use of Withdrawals upon Termination Clause in Contracts

Withdrawals upon Termination. 13.4.1. 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 Operator; (b) outstanding Annual Concession Fee; (c) all payments and Damages certified by DTTDC as due and payable to it by the Operator; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by DTTDC under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. 4.1 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 Operator; (b) outstanding Annual Concession Fee; (c) all payments and Damages certified by DTTDC the Authority as due and payable to it by the OperatorConcessionaire; (b) cost of repair and restoration of damages to the Project Highway on account of a Non Political Event; (c) retention and payments relating to the liability for defects and deficiencies set forth in Article 31; (d) outstanding Debt Serviceincurred or accrued operation and maintenance expenses; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (gf) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 Concessionaire. 4.1 until a Vesting Certificate has been issued by DTTDC the Authority under the provisions of Article 1631.4. 13.4.2. 4.2 The provisions of this Article 13 23A and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 23A.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. 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 Operator; (b) outstanding Annual Concession Fee; (c) all payments and Damages certified by DTTDC as due and payable to it by the Operator;, (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by DTTDC under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.

Withdrawals upon Termination. 13.4.112.4.1. 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 Operator; (b) outstanding Annual Concession Fee; (c) all payments and Damages certified by DTTDC as due and payable to it by the Operator; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 12.4 until a Vesting Certificate has been issued by DTTDC under the provisions of Article 16. 13.4.215. The provisions of this Article 13 12 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 12.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. Notwithstanding 10.4.1 Not withstanding 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: (aa.) all taxes due and payable by the OperatorConcessionaire for and in respect of the Project; (bb.) outstanding Annual Concession Fee90% (ninety per cent) of Debt Due; (cc.) all payments and Damages certified by DTTDC the Authority as due and payable to it by the Operator; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other Concessionaire; retention and payments required relating to be made under this Agreementthe liability for defects and deficiencies; and (g) operation and maintenance expenses; balance, if any, in accordance with the instructions of the OperatorConcessionaire: Provided that no appropriations shall be made under Sub-clause Article (gf) of this Clause 13.4 Article 1 0 . 4 . 1 until a Vesting Certificate vesting certificate has been issued by DTTDC under the provisions of Article 16Authority. 13.4.2. 10.4.2 The provisions of this Article 13 10 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 Article 10.4.1 have been fully discharged.

Withdrawals upon Termination. 13.4.1. 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 Operator; (b) outstanding Annual Concession Licence Fee; (c) all payments and Damages certified by DTTDC Authority as due and payable to it by the Operator;, (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by DTTDC Authority under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. 9.4.1 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 OperatorConcessionaire for and in respect of the Project; (b) outstanding Annual Concession Fee90% (ninety per cent) of Debt Due; (c) all payments and Damages certified by DTTDC the AMC as due and payable to it by the OperatorConcessionaire; (d) outstanding Debt Serviceretention and payments relating to the liability for defects and deficiencies; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the OperatorConcessionaire: Provided that no appropriations shall be made under Sub-clause Article (gj) of this Clause 13.4 Article 9.4.1 until a Vesting Certificate vesting certificate has been issued by DTTDC under the provisions of Article 16AMC. 13.4.2. 9.4.2 The provisions of this Article 13 9 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 Article 9.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. 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 OperatorContractor; (b) outstanding Annual Concession Management Fee; (c) all payments and Damages certified by DTTDC GUDA as due and payable to it by the OperatorContractor, including Revenue Share; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the OperatorContractor: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by DTTDC GUDA under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.