Termination by Maha-Metro pursuant to. Concessionaire event of Default a) the Book Value; b) 90% (ninety percent) of Debt Due; c) the Total Project Cost; Provided, no compensation shall be payable to the Concessionaire if the Concessionaire fails to maintain Insurance Cover as contemplated under Article 12 of this Agreement. For the avoidance of doubt, the Concessionaire hereby acknowledges that no Termination Payment shall be due or payable on account of a Concessionaire's Default occurring prior to COD.
Appears in 4 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
