Authority to act on behalf of Concessionaire. 12.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging the Concessionaire’s obligations; 12.2.2 During the period of Suspension hereunder, all rights and liabilities vested in the Concessionaire in accordance with the provisions of this Agreement shall continue to vest therein and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project Agreement, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for all costs incurred during such period.
Appears in 9 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Authority to act on behalf of Concessionaire. 12.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging the Concessionaire’s Concessionaire‟s obligations;
12.2.2 During the period of Suspension hereunder, all rights and liabilities vested in the Concessionaire in accordance with the provisions of this Agreement shall continue to vest therein and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project Agreement, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for all costs incurred during such period.
Appears in 3 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Authority to act on behalf of Concessionaire. 12.2.1 34.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee Fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging remedying and rectifying the Concessionaire’s obligations;cause of Suspension, and thereafter for defraying the expenses specified in Clause 31.3.
12.2.2 34.2.2 During the period of Suspension hereunder, all rights assets and liabilities vested in relation to the Concessionaire in accordance with the provisions of this Agreement Project shall continue to vest therein in the Concessionaire and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project AgreementAgreements, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for of all costs incurred during such period.
Appears in 1 contract
Samples: Concession Agreement
Authority to act on behalf of Concessionaire. 12.2.1 11.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging the Concessionaire’s obligations;.
12.2.2 11.2.2 During the period of Suspension hereunder, all rights and liabilities vested in the Concessionaire in accordance with the provisions of this Agreement shall continue to vest therein and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project Agreement, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for all costs incurred during such period.
Appears in 1 contract
Samples: Concession Agreement
Authority to act on behalf of Concessionaire. 12.2.1 33.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee Fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging remedying and rectifying the Concessionaire’s obligations;cause of Suspension, and thereafter for defraying the expenses specified in Clause 29.3.
12.2.2 33.2.2 During the period of Suspension hereunder, all rights assets and liabilities vested in relation to the Concessionaire in accordance with the provisions of this Agreement Project shall continue to vest therein in the Concessionaire and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project AgreementAgreements, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for all costs incurred during such period.
Appears in 1 contract
Samples: Concession Agreement
Authority to act on behalf of Concessionaire. 12.2.1 During the Duringthe period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for discharging the Concessionaire’s Concessionaire‟s obligations;
12.2.2 During the Duringthe period of Suspension hereunder, all rights and liabilities vested in the Concessionaire in accordance with the provisions of this Agreement shall continue to vest therein and all things done or actions taken, including expenditure incurred by the Authority for discharging the obligations of the Concessionaire under and in accordance with this Agreement and the Project Agreement, shall be deemed to have been done or taken for and on behalf of the Concessionaire and the Concessionaire undertakes to indemnify the Authority for all costs incurred during such period.
Appears in 1 contract
Samples: Concession Agreement