Common use of Appropriation of Performance Security Clause in Contracts

Appropriation of Performance Security. 8.2.1 Upon occurrence of a Concessionaire Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate from the Performance Security the amounts due to it as Damages for the Concessionaire Default.

Appropriation of Performance Security. 8.2.1 Upon occurrence of a Concessionaire DefaultService Provider Default during the Term, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security the amounts due to it as Damages for the Concessionaire Defaultsuch Service Provider Default or failure to meet any Condition Precedent.

Appropriation of Performance Security. 8.2.1 Upon occurrence of a Concessionaire Default, the 9.2.1 The Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate appropriate, from time to time and as many times as required by the Authority, from the Performance Security the such amounts as may be due to it as under this Agreement, including in respect of any Damages payable by the Operator for a failure to perform its obligations under this Agreement, for an Operator Default or for failure to meet any Condition Precedent, in accordance with the Concessionaire Defaultterms of this Agreement.

Appropriation of Performance Security. 8.2.1 Upon 7.2.1. The Concessionaire agrees and undertakes that upon occurrence of a Concessionaire Event of Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in lawof the Authority, as mentioned herein, be entitled to encash encash, either partially or full and appropriate from in accordance with the provisions of this Agreement, the Performance Security and appropriate the amounts due to it as Liquidated Damages for the such Concessionaire Event of Default.

Appropriation of Performance Security. 8.2.1 Upon occurrence of a Concessionaire DefaultDefault or failure to meet any Condition Precedent, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate from the Performance Security the amounts due to it as Damages for the Concessionaire DefaultDefault or for failure to meet any Condition Precedent.