Common use of Surrender of Assets Clause in Contracts

Surrender of Assets. On the Effective Date the parties herein shall execute the Deed of Surrender and the Licensee will surrender(in accordance with schedule G) and the Licensee will surrender the assets listed in schedule and the Service Provider will accept such assets. For the avoidance of doubt, or “Sur- render” in this context, means the right to use and the duty to maintain such assets. The Licensee gives no warranty as to the completeness of the list of assets in the schedule nor as to the condi- tions or operational capacity of the items listed therein. Within Six (6) months after the Effective Date, the parties shall establish the Agreed Physical Asset Register and if not agreed upon, the Parties shall seek mediation over the issue. If the parties are not satisfied with the decision of the mediator, the parties shall refer the matter to the Water Appeals Board, the decision thereof will be final and binding. On Termination of this Agreement, the Service Provider shall return the assets to the Licensee or if the Licensee so elects, to a successor Service Provider. The Surrender may include Agreements as to existing liabilities. Water Services Regulatory Board – Service Provision Agreement for Category I 23

Surrender of Assets. On the Effective Date the parties herein shall execute the Deed of Surrender and the Licensee will surrender(in accordance with schedule G) and the Licensee will surrender the assets listed in schedule and the Service Provider will accept such assets. For the avoidance of doubt, or “Sur- renderSurrender” in this context, means the right to use and the duty to maintain such assets. The Licensee gives no warranty as to the completeness of the list of assets in the schedule nor as to the condi- tions conditions or operational capacity of the items listed therein. Within Six (6) months after the Effective Date, the parties shall establish the Agreed Physical Asset Register and if not agreed upon, the Parties shall seek mediation over the issue. If the parties are not satisfied with the decision of the mediator, the parties shall refer the matter to the Water Appeals Board, the decision thereof will be final and binding. On Termination of this Agreement, the Service Provider shall return the assets to the Licensee or if the Licensee so elects, to a successor Service Provider. The Surrender may include Agreements as to existing liabilities. Water Services Regulatory Board – Service Provision Agreement for Category I 23III 19

Surrender of Assets. On the Effective Date the parties herein shall execute the Deed of Surrender and the Licensee will surrender(in accordance with schedule G) and the Licensee will surrender the assets listed in schedule and the Service Provider will accept such assets. For the avoidance of doubt, or “Sur- Sur-render” in this context, means the right to use and the duty to maintain such assets. The Licensee gives no warranty as to the completeness of the list of assets in the schedule nor as to the condi- condi-tions or operational capacity of the items listed therein. Within Six (6) months after the Effective Date, the parties shall establish the Agreed Physical Asset Register and if not agreed upon, the Parties shall seek mediation over the issue. If the parties are not satisfied satisfi ed with the decision of the mediator, the parties shall refer the matter to the Water Appeals Board, the decision thereof will be final fi nal and binding. On Termination of this Agreement, the Service Provider shall return the assets to the Licensee or if the Licensee so elects, to a successor Service Provider. The Surrender may include Agreements as to existing liabilities. Water Services Regulatory Board – Service Provision Agreement for Category I 23I

Surrender of Assets. On the Effective Date the parties herein shall execute the Deed of Surrender and the Licensee will surrender(in accordance with schedule G) and the Licensee will surrender the assets listed in schedule and the Service Provider will accept such assets. For the avoidance of doubt, or “Sur- renderSurrender” in this context, means the right to use and the duty to maintain such assets. The Licensee gives no warranty as to the completeness of the list of assets in the schedule nor as to the condi- tions conditions or operational capacity of the items listed therein. Within Six (6) months after the Effective Date, the parties shall establish the Agreed Physical Asset Register and if not agreed upon, the Parties shall seek mediation over the issue. If the parties are not satisfied satisfi ed with the decision of the mediator, the parties shall refer the matter to the Water Appeals Board, the decision thereof will be final fi nal and binding. On Termination of this Agreement, the Service Provider shall return the assets to the Licensee or if the Licensee so elects, to a successor Service Provider. The Surrender may include Agreements as to existing liabilities. Water Services Regulatory Board – Service Provision Agreement for Category I 23III