Common use of Vesting Certificate Clause in Contracts

Vesting Certificate. (a) On the Transfer Date the Authority/Expert shall verify, in the presence of the Concessionaire or of a representative of the Concessionaire’s, compliance by the Concessionaire with the requirements of Section 16.5 above. In the event the Authority/Expert notifies the Concessionaire of shortcomings, if any, in the Concessionaire’s compliance with such requirements, the Concessionaire shall forthwith cure the same.

Vesting Certificate. (a) On the Transfer Date the Authority/Expert shall verify, in the presence of the Concessionaire or of a representative of the Concessionaire’s, compliance by the Concessionaire with the requirements of Section 16.5 16.4 above. In the event the Authority/Expert notifies the Concessionaire of shortcomings, if any, in the Concessionaire’s compliance with such requirements, the Concessionaire shall forthwith cure the same.

Vesting Certificate. (a) On the Transfer Date the Authority/Expert Expert-Committee shall verify, in the presence of the Concessionaire Licensee or of a representative of the Concessionaire’sLicensee, compliance by the Concessionaire Licensee with the requirements of Section 16.5 15.5 above. In the event the Authority/Expert notifies the Concessionaire Licensee of shortcomings, if any, in the ConcessionaireLicensee’s compliance with such requirements, the Concessionaire Licensee shall forthwith cure the same.

Vesting Certificate. (a) On the Transfer Date the Authority/Expert shall verify, in the presence of the Concessionaire Licensee or of a representative of the ConcessionaireLicensee’s, compliance by the Concessionaire Licensee with the requirements of Section 16.5 16.4 above. In the event the Authority/Expert notifies the Concessionaire Licensee of shortcomings, if any, in the ConcessionaireLicensee’s compliance with such requirements, the Concessionaire Licensee shall forthwith cure the same.

Vesting Certificate. (a) On the Transfer Date Date, the Grantor / Authority/Expert shall verify, in the presence of the Concessionaire or of a representative of the Concessionaire’s, compliance by the Concessionaire with the requirements of Section 16.5 14.4 above. In the event the Grantor / Authority/Expert notifies the Concessionaire of shortcomings, if any, in the Concessionaire’s compliance with such requirements, the Concessionaire shall forthwith cure the same.

Vesting Certificate. (a) On the Transfer Date the Concessioning Authority/Expert Expert-Committee shall verify, in the presence of the Concessionaire or of a representative of the Concessionaire’s, compliance by the Concessionaire with the requirements of Section 16.5 15.5 above. In the event the Concessioning Authority/Expert notifies the Concessionaire of shortcomings, if any, in the Concessionaire’s compliance with such requirements, the Concessionaire shall forthwith cure the same.