Common use of Withdrawals during Concession Period Clause in Contracts

Withdrawals during Concession Period. 26.3.1 The Concessionaire shall, at the time of opening the Project Account, give irrevocable instructions, by way of an Project Account Agreement, to the Project Account Bank instructing, inter alia, that deposits in the Project Account shall be appropriated in the following order every year, or at shorter intervals as necessary, and if not due in a year then appropriated proportionately in such year and retained in the Project Account and paid out therefrom in the year when due:

Appears in 7 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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