MCD’s OBLIGATIONS. MCD shall, subject to MCD’s right to deduct amounts from the Retention Money Account towards: (i) carrying out works/jobs listed under Article 10.2, which have not been carried out by the Concessionaire, (ii) purchase of items, which have not been handed back to MCD in terms of Article 10.2, and (iii) any outstanding dues, which may have accrued in respect of the Project during the Concession Period, duly discharge and release to the Concessionaire, the amounts in the Retention Money Account or balance therein after deductions in respect (i), (ii) and (iii) above, as the case may be, upon issuance of certificate by the Independenet Consultant regarding compliance by the Concessionaire with the Handback and Transfer Requirements.
Appears in 6 contracts
Samples: Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement
