Common use of Concessioning Authority’s Obligations Clause in Contracts

Concessioning Authority’s Obligations. Except in the event of expiry of the Concession by efflux of time, the Concessioning Authority shallpay Termination Payment payable to the Concessionaire in accordance with Article 17.1 of this Agreement, to the Senior Lenders, or deposit the same in the Escrow Account or on the written instructions of the Senior Lenders to any designated bank account in India, or to the Concessionaire,as the case may be. The Concessionaire confirms that upon such payment being made, the Concessioning Authority shall stand duly discharged of its obligations regarding payment of compensation under this Agreement and the charge created by the Concessionaire in favour of theSenior Lenders on any of the assets shall stand satisfied and all such assets shall on and from theTransfer Date be free from such charge. The Concessionaire further confirms that payment of compensation by Concessioning Authority in accordance with this Article 18.3 shall be a valid discharge to the Concessioning Authority in respectof Concessioning Authority’s obligation regarding payment of compensation to the Concessionaireunder this Agreement.

Concessioning Authority’s Obligations. Except in the event of expiry of the Concession by efflux of time, the Concessioning Authority shallpay Termination Payment shall pay compensation payable to the Concessionaire in accordance with Article 17.1 Article17.1 of this Agreement, to the Senior Lenders, or deposit the same in the Escrow Account or on the written instructions of the Senior Lenders to any designated bank account in India, or to the Concessionaire,, as the case may be. The Concessionaire confirms that upon such payment being made, the Concessioning Authority shall stand duly discharged of its obligations regarding payment of compensation under this Agreement and the charge created by the Concessionaire in favour of theSenior the Senior Lenders on any of the assets shall stand satisfied and all such assets shall on and from theTransfer the Transfer Date be free from such charge. The Concessionaire further confirms that payment of compensation by Concessioning Authority in accordance with this Article 18.3 shall be a valid discharge to the Concessioning Authority in respectof respect of Concessioning Authority’s obligation regarding payment of compensation to the Concessionaireunder Concessionaire under this Agreement.

Concessioning Authority’s Obligations. Except in the event of expiry of the Concession by efflux of time, the Concessioning Authority shallpay Termination Payment shall pay compensation payable to the Concessionaire in accordance with Article 17.1 of this Agreement, to the Senior Lenders, or deposit the same in the Escrow Account or on the written instructions of the Senior Lenders to any designated bank account in India, or to the Concessionaire,, as the case may be. The Concessionaire confirms that upon such payment being made, the Concessioning Authority shall stand duly discharged of its obligations regarding payment of compensation under this Agreement and the charge created by the Concessionaire in favour of theSenior the Senior Lenders on any of the assets shall stand satisfied and all such assets shall on and from theTransfer the Transfer Date be free from such charge. The Concessionaire further confirms that payment of compensation by Concessioning Authority in accordance with this Article 18.3 shall be a valid discharge to the Concessioning Authority in respectof respect of Concessioning Authority’s obligation regarding payment of compensation to the Concessionaireunder Concessionaire under this Agreement.

Concessioning Authority’s Obligations. Except in the event of expiry of the Concession by efflux of time, the Concessioning Authority shallpay shall pay Termination Payment payable to the Concessionaire in accordance with Article 17.1 of this Agreement, to the Senior Lenders, or deposit the same in the Escrow Account or on the written instructions of the Senior Lenders to any designated bank account in India, or to the Concessionaire,, as the case may be. The Concessionaire confirms that upon such payment being made, the Concessioning Authority shall stand duly discharged of its obligations regarding payment of compensation under this Agreement and the charge created by the Concessionaire in favour of theSenior the Senior Lenders on any of the assets shall stand satisfied and all such assets shall on and from theTransfer the Transfer Date be free from such charge. The Concessionaire further confirms that payment of compensation by Concessioning Authority in accordance with this Article 18.3 shall be a valid discharge to the Concessioning Authority in respectof respect of Concessioning Authority’s obligation regarding payment of compensation to the Concessionaireunder Concessionaire under this Agreement.

Concessioning Authority’s Obligations. Except in the event of expiry of the Concession by efflux of time, the Concessioning Authority shallpay Termination Payment shall pay compensation payable to the Concessionaire in accordance with Article 17.1 of this Agreement, to the Senior Lenders, or deposit the same in the Escrow Account or on the written instructions of the Senior Lenders to any designated bank account in India, or to the Concessionaire,, as the case may be. The Concessionaire confirms that upon such payment being made, the Concessioning Authority shall stand duly discharged of its obligations regarding payment of compensation under this Agreement and the charge created by the Concessionaire in favour of theSenior the Lenders on any of the assets shall stand satisfied and all such assets shall on and from theTransfer the Transfer Date be free from such charge. The Concessionaire further confirms that payment of compensation by Concessioning Authority in accordance with this Article 18.3 shall be a valid discharge to the Concessioning Authority in respectof respect of Concessioning Authority’s obligation regarding payment of compensation to the Concessionaireunder Concessionaire under this Agreement.