Common use of Handback of Transfer Assets Clause in Contracts

Handback of Transfer Assets. Upon Termination of the Agreement for any reason whatsoever or the Expiry of Term of Concession Agreement as mentioned under Article 6.5 and consequent obligation of Concessionaire shall hand over “Transfer Assets” to the Concessioning Authority , on expiry of the Term - (i) All Movable Assets, movable property, stocks, materials, vehicles and spares relatable to Transfer Assets shall be transferred to Concessioning Authority or its nominee, clear of any Encumbrances and with good title; (ii) All assets, duly certifi ed by the concerned regulatory / licensing / accreditation / rating agency, as given below: a. Structural Safety Certificate of the Project Facility from competent, reputed and recognized Structural Engineer Shall be transferred to Concessioning Authority or its nomine, clear of Encumbrances and with good title; (ii i) All immovable property, assets, structures, buildings, services, furnishings, edifices, court-areas, ways, walls, compounds relatable to Transfer Assets shall be transferred to Concessioning Auth ority or its nominee, clear of all Encumbrances and with good title;

Handback of Transfer Assets. Upon Termination of the this Agreement for any reason whatsoever or the Expiry of Term of Concession Agreement as mentioned under Article 6.5 and consequent obligation of Concessionaire shall hand over “Transfer Assets” to the Concessioning Authority Authori ty, on expiry of the Term -Term, the Concessionaire shall ensure that on the Transfer Date its interest in: (i) All Movable Assets, movable property, stocks, materials, vehicles and spares relatable to Transfer Assets shall be transferred to Concessioning Authority or its nominee, clear of any Encumbrances and with good title; (ii) All assets, duly certifi ed certified by the concerned regulatory / licensing / accreditation / rating agency, as given below: a. Structural Safety Certificate of the Project Facility from competent, reputed repute d and recognized Structural Engineer Shall be transferred to Concessioning Authority or its nomine, clear of Encumbrances and with good title; (ii i) All immovable property, assets, structures, buildings, services, furnishings, edifices, court-areas, ways, walls, compounds relatable to Transfer Assets shall be transferred to Concessioning Auth ority Authority or its nominee, clear of all Encumbrances and with good title;

Handback of Transfer Assets. Upon Termination of the this Agreement for any reason whatsoever or the Expiry of Term of Concession Agreement as mentioned under Article 6.5 and consequent obligation of Concessionaire shall hand over “Transfer Assets” to the Concessioning Authority , on expiry of the Term -Term, the Concessionaire shall ensure that on the Transfer Date its interest in: (i) All Movable Assets, movable property, stocks, materials, vehicles and spares relatable to Transfer Assets Asse ts shall be transferred to Concessioning Authority or its nominee, clear of any Encumbrances and with good title; (ii) All assets, duly certifi ed certified by the concerned regulatory / licensing / accreditation / rating agency, as given below: a. Structural Safety Certificate Certific ate of the Project Facility from competent, reputed and recognized Structural Engineer Shall be transferred to Concessioning Authority or its nomine, clear of Encumbrances and with good title; (ii i) All immovable property, assets, structures, buildings, servicesse rvices, furnishings, edifices, court-areas, ways, walls, compounds relatable to Transfer Assets shall be transferred to Concessioning Auth ority Authority or its nominee, clear of all Encumbrances and with good title;

Handback of Transfer Assets. Upon Termination of the this Agreement for any reason whatsoever or the Expiry of Term of Concession Agreement as mentioned under Article 6.5 and consequent obligation of Concessionaire shall hand over “Transfer Assets” to the Concessioning Authority , on expiry of the Term -Term, the Concessionaire shall ensure that on the Transfer Date its interest in: (i) All Movable Assets, movable property, stocks, materials, vehicles and spares relatable to Transfer Assets shall be transferred transferr ed to Concessioning Authority or its nominee, clear of any Encumbrances and with good title; (ii) All assets, duly certifi ed certified by the concerned regulatory / licensing / accreditation / rating agency, as given below: a. Structural Safety Certificate of the Project Facility from competent, reputed and recognized Structural Engineer Shall be transferred to Concessioning Authority or its nomine, clear of Encumbrances and with good title; (ii i) All immovable property, assets, structures, buildings, services, furnishings, edifices, court-areas, ways, walls, compounds relatable to Transfer Assets shall be transferred to Concessioning Auth ority Authority or its nominee, clear of all Encumbrances and with good title;