Common use of Vesting Certificate Clause in Contracts

Vesting Certificate. The divestment of all rights, title and interest in the Project Highway shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and MPRDC shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-U (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project Highway, and their vesting in MPRDC pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by MPRDC or its nominee on, or in respect of, the Project Highway on the footing that all Divestment Requirements have been complied with by the Concessionaire.

Vesting Certificate. The divestment of all rights, title and interest in the Project Highway shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the MPRDC shall, shall without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-Schedule –U (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project Highway, and their vesting in the MPRDC pursuant hereto. , It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by the MPRDC or its nominee on, or in respect ofof , the Project Highway on the footing that all Divestment Requirements have been complied with by the Concessionaire.

Vesting Certificate. ‌ The divestment of all rights, title and interest in the Project Highway shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and MPRDC the Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-U O (the “Vesting Certificate”), ) which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project Highway, and their vesting in MPRDC the Authority pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by MPRDC the Authority or its nominee on, on or in respect of, of the Project Highway on the footing that all Divestment Requirements have been complied with by the Concessionaire.

Vesting Certificate. The divestment of all rights, title and interest in the Project Highway shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and MPRDC GOTN, HD shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-U (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project Highway, and their vesting in MPRDC GOTN, HD pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by MPRDC GOTN, HD or its nominee on, or in respect of, the Project Highway on the footing that all Divestment Requirements have been complied with by the Concessionaire.