Withdrawals upon Termination. 4.2.1 Upon Termination of the Contract 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 Implementation Agency for and in respect of the Project; (b) all payments and Damages certified by the Authority as due and payable to it by the Implementation Agency; (c) any other payments required to be made under the Contract Agreement; and (d) balance, if any, in accordance with the instructions of the Implementation Agency for implementation of the Project and as part of the Total Project Cost
Appears in 3 contracts
Sources: Development, Operation and Maintenance Agreement, Development, Operation and Maintenance Agreement, Development, Operation and Maintenance Agreement