Examples of Handback Amount in a sentence
The Developer shall carry out the Handback Works at its own cost notwithstanding that the actual cost of the Handback Works may be higher than the Handback Amount.
The notice from the Contracting Authority shall give details of the grounds for such objection and shall give the Contracting Authority's proposals in respect of the Handback Works and Handback Programme and its estimate of the Handback Amount.
Such payment shall be made not later than ten (10) days after such estimated cost has been determined by the independent xxxxxx.Xx the event the Concessionaire disputes any portion of the Handback Amount, the Concessionaire may refer such Dispute for resolution pursuant to article 21.
Within 15 Days of the date of each annual determination of the Handback Amount, the Concessionaire will cause the amount on deposit in the Handback Reserve Fund to be equal to at least 100% of the Handback Amount so determined.
If the sum of the amount available under the Handback Performance Security and the amount of cash on deposit in the Handback Reserve Fund exceeds 100% of the new Handback Amount, the Concessionaire will be permitted (A) to cause the stated amount of the Handback Performance Security to be reduced by an amount equal to such excess, or (B) to direct that the excess cash then on deposit in the Handback Reserve Fund be transferred to the Concessionaire.