Without limiting the generality of Section 8. 16 [Concession Highway Encumbrances] or any of the Concessionaire’s other obligations under this Agreement, the Concessionaire will cause all liens affecting the Project Facilities, the Site and the Adjacent Areas or any part thereof arising out of the conduct of the Operations by the Concessionaire or any of its contractors or subcontractors of any tier to be vacated and, if registered, to be removed within 15 days (or such longer period as may reasonably be required in the circumstances provided the Concessionaire is proceeding with all due diligence to vacate or remove the same) following the date on which the Concessionaire becomes aware of such lien. If the Concessionaire fails to so vacate or remove a lien, the Province or BCTFA may, but without any obligation to do so, vacate or remove the lien by paying money into a Court of competent jurisdiction or posting security with the Court. The Concessionaire will, on demand, reimburse the Province or BCTFA (as the case may be) all amounts so paid or attributable to or drawn under the security so posted together with all related costs (including legal costs) and expenses.
Appears in 2 contracts
Sources: Concession Agreement, Concession Agreement