Common use of Expiry Clause in Contracts

Expiry. 20.1.1 Upon Expiry Date of SFMA or earlier termination, as the case may be, the Station Area, together with all Station Assets, Station Project Utilities and work-in-progress existing on the Station Area shall automatically vest in Authority and the SFM Agreement shall stand terminated. 20.1.2 Notwithstanding the foregoing provisions of this Article 20, the vesting of the Station Area, together with all Station Assets, Station Project Utilities and work-in-progress existing on the Station Area, upon and such expiry shall be undertaken, and the rights and obligations of the Parties consequent to vesting, shall be determined in accordance with the provisions of Article 22.

Appears in 13 contracts

Samples: Station Facility Management Agreement, Station Facility Management Agreement, Station Facility Management Agreement

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