Common use of Withdrawals upon Termination Clause in Contracts

Withdrawals upon Termination. 13.4.1. Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Operator; (b) outstanding Annual Licence Fee; (c) all payments and Damages certified by Authority as due and payable to it by the Operator, (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by Authority under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. 4.1 Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Operator; (b) outstanding Annual Licence Fee; (c) all payments and Damages certified by the Authority as due and payable to it by the Operator,Concessionaire; (b) cost of repair and restoration of damages to the Project Highway on account of a Non Political Event; (c) retention and payments relating to the liability for defects and deficiencies set forth in Article 31; (d) outstanding Debt Serviceincurred or accrued operation and maintenance expenses; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (gf) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 Concessionaire. 4.1 until a Vesting Certificate has been issued by the Authority under the provisions of Article 1631.4. 13.4.2. 4.2 The provisions of this Article 13 23A and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 23A.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Operator; (b) outstanding Annual Licence Concession Fee; (c) all payments and Damages certified by Authority DTTDC as due and payable to it by the Operator,; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by Authority DTTDC under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.

Withdrawals upon Termination. 13.4.112.4.1. Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Operator; (b) outstanding Annual Licence Concession Fee; (c) all payments and Damages certified by Authority DTTDC as due and payable to it by the Operator,; (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 12.4 until a Vesting Certificate has been issued by Authority DTTDC under the provisions of Article 16. 13.4.215. The provisions of this Article 13 12 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 12.4.1 have been discharged.

Withdrawals upon Termination. 13.4.1. Notwithstanding anything to the contrary contained in this Agreement, all amounts standing to the credit of the Escrow Account shall, upon Termination, be appropriated in the following order: (a) all taxes due and payable by the Operator; (b) outstanding Annual Licence Concession Fee; (c) all payments and Damages certified by Authority DTTDC as due and payable to it by the Operator, (d) outstanding Debt Service; (e) incurred or accrued O&M Expenses; (f) any other payments required to be made under this Agreement; and (g) balance, if any, in accordance with the instructions of the Operator: Provided that no appropriations shall be made under Sub-clause (g) of this Clause 13.4 until a Vesting Certificate has been issued by Authority DTTDC under the provisions of Article 16. 13.4.2. The provisions of this Article 13 and the instructions contained in the Escrow Agreement shall remain in full force and effect until the obligations set forth in Clause 13.4.1 have been discharged.