Common use of Obligation of Parties Clause in Contracts

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d) is paid to the Developer on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d8.2(d) is paid to the Developer theDeveloper on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d) is paid to the Developer on the Termination Date Date; and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d8.2(d) is paid to the Developer on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d) is paid to the Developer on the Termination Date Date, and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority SIIDCUL in accordance with the following Clause 8.2 (d) clause is paid to the Developer Concessionaire on the Termination Date and (ii) the Project Site along with the Project Facilities Facility are handed back to the Authority SIIDCUL by the Developer Concessionaire on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) ; the Termination Payment, if any, payable by the Authority BNN in accordance with the following Clause 8.2 clause (d) is paid to the Developer Concessionaire on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in accordance with the following Clause 8.2 (d) is paid to the Developer on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority by the Developer on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority in Lessorin accordance with the following Clause 8.2 (d) is paid to the Developer theLessee on the Termination Date and (ii) the Project Site along with the Project Facilities are Facilitiesare handed back to the Authority by Lessorby the Developer Lessee on the Termination Date free from all Encumbrance.

Obligation of Parties. Upon Following issue of Termination Notice by either Party, the Parties shall promptly take all such steps as may be necessary or required to ensure that; (i) the Termination Payment, if any, payable by the Authority CNP in accordance with the following Clause 8.2 clause (d) is paid to the Developer Concessionaire on the Termination Date and (ii) the Project Site along with the Project Facilities are handed back to the Authority CNP by the Developer Concessionaire on the Termination Date free from all Encumbrance.