Common use of Rights of the Authority on Termination Clause in Contracts

Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project Facilities and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 27 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

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Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project andProject Facilities and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back handback of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 13 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project Facilities and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back handback of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 3 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) : enter upon and take possession and control of the Project Site and Project Facilities and (ii) and prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) ; Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 1 contract

Samples: Project Development and Management Agreement

Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project Facilities and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand hand-back of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 1 contract

Samples: Project Development and Management Agreement

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Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project Facilities and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back handback of the Project Site along with the Project Facilities by the Developer to the Authority shall Authorityshall be free from any such obligation.

Appears in 1 contract

Samples: Project Development and Management Agreement

Rights of the Authority on Termination. (a) Upon Termination of this Agreement for any reason whatsoever, the Authority shall upon making the Termination Payment, if any, to the Developer have the power and authority to: (i) enter upon and take possession and control of the Project Site and Project Facilities Facilities; and (ii) prohibit the Developer and any person claiming through or under the Developer from entering upon/ dealing with the Project Facilities; (b) Notwithstanding anything contained in this Agreement, the Authority shall not, as a consequence of Termination or otherwise, have any obligation whatsoever including but not limited to obligations as to compensation for loss of employment, continuance or regularization of employment, absorption or re-employment on any ground, in relation to any person in the employment of or engaged by the Developer in connection with the Project, and the hand back of the Project Site along with the Project Facilities by the Developer to the Authority shall be free from any such obligation.

Appears in 1 contract

Samples: Project Development and Management Agreement

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