Common use of Divestment Requirements Clause in Contracts

Divestment Requirements. Upon Termination, the Operator shall comply with and conform to the following Divestment Requirements: (a) notify to the Authority forthwith the location and particulars of all Project Assets; (b) deliver forthwith the actual or constructive possession of all the Project Assets and the Project Facilities, free and clear of all Encumbrances, except as provided under Clause 4.5.1of this Agreement; (c) execute such deeds of conveyance, documents and other writings as the Authority may reasonably require for conveying, divesting and assigning all the rights and interest of the Operator in the Project Facilities absolutely unto the Authority or its nominee; and (d) comply with all other requirements as may be prescribed or required under Applicable Laws for completing the divestment and assignment of all rights and interest of the Operator in the Project Facilities, free from all Encumbrances, absolutely unto the Authority or to its nominee.

Divestment Requirements. Upon Termination, the Operator shall comply with and conform to the following Divestment Requirements: (a) notify to the Authority forthwith the location and particulars of all Project Assets; (b) deliver forthwith the actual or constructive possession of all the Project Assets and the Project Facilities, free and clear of all Encumbrances, except as provided under Clause 4.5.1of Clause 4.2.1 of this Agreement; (c) execute such deeds of conveyance, documents and other writings as the Authority may reasonably require for conveying, divesting and assigning all the rights and interest of the Operator in the Project Facilities absolutely unto the Authority or its nominee; and (d) comply with all other requirements as may be prescribed or required under Applicable Laws for completing the divestment and assignment of all rights and interest of the Operator in the Project Facilities, free from all Encumbrances, absolutely unto the Authority or to its nominee.

Divestment Requirements. Upon Termination, the Operator Contractor shall comply with and conform to the following Divestment Requirements: (a) notify to the Authority forthwith the location and particulars of all Project Assets; (b) deliver forthwith the actual or constructive possession of all the Project Assets and the Project Facilities, free and clear of all Encumbrances, except as provided under Clause 4.5.1of Clause 4.4.1 of this Agreement; (c) execute such deeds of conveyance, documents and other writings as the Authority may reasonably require for conveying, divesting and assigning all the rights and interest of the Operator Contractor in the Project Facilities absolutely unto the Authority or its nominee; and (d) comply with all other requirements as may be prescribed or required under Applicable Laws for completing the divestment and assignment of all rights and interest of the Operator Contractor in the Project Facilities, free from all Encumbrances, absolutely unto the Authority or to its nominee.

Divestment Requirements. Upon TerminationTermination of this Agreement, the Operator shall comply with and conform to the following Divestment Requirementsdivestment requirements: (a) notify Notify to the Authority forthwith the location and particulars of all Project Assets; (b) deliver Deliver forthwith the actual or constructive possession of all the Project Assets and the Project Facilities, free and clear of all Encumbrancesencumbrances, except as provided under Clause 4.5.1of Clause 4.4.1 of this Agreement; (c) execute Execute such deeds of conveyance, documents and other writings as the Authority may reasonably require for conveying, divesting and assigning all the rights and interest of the Operator in the Project Facilities Facility absolutely unto the Authority or its nominee; and (d) comply Comply with all other requirements as may be prescribed or required under Applicable Laws for completing the divestment and assignment of all rights and interest of the Operator in the Project Facilities, free from all Encumbrancesencumbrances, absolutely unto the Authority or to its nominee. (e) The Operator shall remove his own assets, stores and stocks only with the prior permission for the same by the Temple Office in writing in the form of a letter of Outward Gate Pass