Common use of Phased completion of Rail System Clause in Contracts

Phased completion of Rail System. The Rail System may, for the purposes of completion, be divided into [***] distinct sections, namely, [section A comprising ***; section B comprising ***; and section C comprising ***], and the Completion Certificate, safety certificate and commercial service certificate may, at the request of the Concessionaire, be issued separately for each of the [***] sections. Upon issue of Completion Certificate, safety certificate and commercial service certificate for any of the aforesaid sections, such section shall enter into commercial service in accordance with the provisions of Article 15, whereupon the User Fees proportionate to such section shall become payable. For the avoidance of doubt, the Parties agree that the proportionate User Fees for sections A, B and C shall be **% (*** per cent), **% (*** per cent) and**% (*** per cent) of the User Fees respectively and the provisions of this Agreement shall apply mutatis mutandis to each such Completion Certificate, safety certification and commercial service certificate and the sections completed there under. The Parties further agree that notwithstanding anything to the contrary contained in this Clause 14.5, the obligations contained in Clauses 12.3 shall continue to be binding on the Concessionaire.

Phased completion of Rail System. The Rail System may, for the purposes of completion, be divided into [***] distinct sections, namely, [section A comprising ***; section B comprising ***; and section C comprising ***], and the Completion Certificate, safety certificate [and commercial service certificate certificate] may, at the request of the Concessionaire, be issued separately for each of the [***] sections. Upon issue of Completion Certificate, [safety certificate and certificate/ commercial service certificate certificate] for any of the aforesaid sections, such section shall enter into commercial service in accordance with the provisions of Article 15, whereupon the User Fees proportionate to such section shall become payable. For the avoidance of doubt, the Parties agree that the proportionate User Fees for sections A, B and C shall be **% (*** per cent), **% (*** per cent) and**% (*** per cent) of the User Fees respectively and the provisions of this Agreement shall apply mutatis mutandis to each such Completion Certificate, safety certification [and commercial service certificate certificate] and the sections completed there under. The Parties further agree that notwithstanding anything to the contrary contained in this Clause 14.5, the obligations contained in Clauses 12.3 shall continue to be binding on the Concessionaire. ‡‡ The aforesaid Clause shall be retained only for such projects which require commercial service certification.

Phased completion of Rail System. The Rail System may, for the purposes of completion, be divided into [***] distinct sections, namely, [section A comprising ***; section B comprising ***; and section C comprising ***], and the Completion Certificate, safety certificate [and commercial service certificate certificate] may, at the request of the Concessionaire, be issued separately for each of the [***] sections. Upon issue of Completion Certificate, [safety certificate and certificate/ commercial service certificate certificate] for any of the aforesaid sections, such section shall enter into commercial service in accordance with the provisions of Article 15, whereupon the User Fees proportionate to such section shall become payable. For the avoidance of doubt, the Parties agree that the proportionate User Fees for sections A, B and C shall be **% (*** per cent), **% (*** per cent) and**% (*** per cent) of the User Fees respectively and the provisions of this Agreement shall apply mutatis mutandis to each such Completion Certificate, safety certification [and commercial service certificate certificate] and the sections completed there underthereunder. The Parties further agree that notwithstanding anything to the contrary contained in this Clause 14.5, the obligations contained in Clauses 12.3 shall continue to be binding on the Concessionaire. ‡‡ The aforesaid Clause shall be retained only for such projects which require commercial service certification.

Phased completion of Rail System. The Rail System may, for the purposes of completion, be divided into [***] distinct sections, namely, [section A comprising ***; section B comprising ***; and section C comprising ***], and the Completion Certificate, safety certificate and commercial service certificate may, at the request of the Concessionaire, be issued separately for each of the [***] sections. Upon issue of Completion Certificate, safety certificate and commercial service certificate for any of the aforesaid sections, such section shall enter into commercial service in accordance with the provisions of Article 15, whereupon the User Fees proportionate to such section shall become payable. For the avoidance of doubt, the Parties agree that the proportionate User Fees for sections A, B and C shall be **% (*** per cent), **% (*** per cent) and**% (*** per cent) of the User Fees respectively and the provisions of this Agreement shall apply mutatis mutandis to each such Completion Certificate, safety certification and commercial service certificate and the sections completed there underthereunder. The Parties further agree that notwithstanding anything to the contrary contained in this Clause 14.5, the obligations contained in Clauses 12.3 shall continue to be binding on the Concessionaire.

Phased completion of Rail System. The Rail System may, for the purposes of completion, be divided into [***] distinct sections, namely, [section A comprising ***; section B comprising ***; and section C comprising ***], and the Completion Certificate, safety certificate [and commercial service certificate certificate] may, at the request of the Concessionaire, be issued separately for each of the [***] sections. Upon issue of Completion Certificate, [safety certificate and certificate/ commercial service certificate certificate] for any of the aforesaid sections, such section shall enter into commercial service in accordance with the provisions of Article 15, whereupon the User Fees proportionate to such section shall become payable. For the avoidance of doubt, the Parties agree that the proportionate User Fees for sections A, B and C shall be **% (*** per cent), **% (*** per cent) and**% (*** per cent) of the User Fees respectively and the provisions of this Agreement shall apply mutatis mutandis to each such Completion Certificate, safety certification [and commercial service certificate certificate] and the sections completed there under. The Parties further agree that notwithstanding anything to the contrary contained in this Clause 14.5, the obligations contained in Clauses 12.3 shall continue to be binding on the Concessionaire.