Common use of Withdrawals upon Termination Clause in Contracts

Withdrawals upon Termination. 26.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Project Account shall, upon Termination, be appropriated in the following order: (a) all Taxes due and payable by the Concessionaire for and in respect of the Resort; (b) Outstanding Concession Fee and Additional Concession Fee; (c) all payments due and payable under this Agreement and/or Damages certified by the Authority as due and payable to it by the Concessionaire; and balance, if any, in accordance with the instructions of the Concessionaire. 26.4.2 The provisions of this Article and the instructions contained in the Project Account Agreement shall remain in full force and effect until the obligations set forth in Article 26.4.1 have been discharged.

Withdrawals upon Termination. 26.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Project Account shall, upon Termination, be appropriated in the following order: (a) all Taxes due and payable by the Concessionaire for and in respect of the Resort; (b) Outstanding Concession Fee and Additional Concession Fee; (c) all payments due and payable under this Agreement and/or Damages certified by the Authority as due and payable to it by the Concessionaire; ; (d) and balance, if any, in accordance with the instructions of the Concessionaire. 26.4.2 The provisions of this Article and the instructions contained in the Project Account Agreement shall remain in full force and effect until the obligations set forth in Article 26.4.1 have been discharged.

Withdrawals upon Termination. 26.4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Project Account shall, upon Termination, be appropriated in the following order: (a) all Taxes due and payable by the Concessionaire for and in respect of the Resort; (b) Outstanding Concession Fee and Additional Concession Fee; (c) all payments due and payable under this Agreement and/or Damages certified by the Authority as due and payable to it by the Concessionaire; and and (d) balance, if any, in accordance with the instructions of the Concessionaire. 26.4.2 . The provisions of this Article and the instructions contained in the Project Account Agreement shall remain in full force and effect until the obligations set forth in Article 26.4.1 have been discharged.