Common use of Withdrawals upon Termination Clause in Contracts

Withdrawals upon Termination. Upon Termination of the Concession Agreement, all amounts standing to the credit of the Escrow Account shall, notwithstanding anything in this Agreement, be appropriated by the Authority.

Appears in 1 contract

Sources: Concession Agreement

Withdrawals upon Termination. i. Upon Termination of the Concession Agreement, all amounts standing to the credit of the Escrow Account shall, notwithstanding anything in this Agreement, be appropriated and dealt with in the following order: a. all taxes due and payable by the Authority.Concessionaire for and in respect of the Storage Facility;

Appears in 1 contract

Sources: Concession Agreement

Withdrawals upon Termination. Upon Termination of the Concession Agreement, all amounts standing to the credit of the Escrow Account shall, notwithstanding anything in this Escrow Agreement, be appropriated by and dealt with in the Authority.following order: ■

Appears in 1 contract

Sources: Concession Agreement

Withdrawals upon Termination. Upon Termination of the Concession Agreement, all amounts standing to the credit of the Escrow Account shall, notwithstanding anything in this Agreement, be appropriated and dealt with in the following order: a. all taxes due and payable by the Authority.Concessionaire for and in respect of the Plant;

Appears in 1 contract

Sources: Concession Agreement