Common use of Termination due to failure to complete Project Facilities Clause in Contracts

Termination due to failure to complete Project Facilities. 12.5.1 In the event that construction of Mandatory Development Obligations is not completed on or before the expiry of 180 (one hundred eighty) days from the Scheduled Completion Date, for reasons other than Force Majeure or default by the Concession Authority, the Concessioning Authority may in its discretion terminate this Agreement.

Appears in 4 contracts

Samples: Draft Concession Agreement, Draft Concession Agreement, Draft Concession Agreement

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