Examples of Handback Certificate in a sentence
Upon payment being received in full by the Authority, the Authority will issue the Handback Certificate and return the Handback Holdback to Project Co and if such payment is not received from Project Co when due, the Authority may draw any unpaid amounts against the Handback Holdback and release the balance of the Handback Holdback to Project Co.
If the Handback Expert issues a Handback Certificate under clause 26.8(a), the Ports Authority shall promptly return to THE CONCESSIONAIRE the value of the Renewal Amount Bond.
If at the expiration date the Toll Road meets the Handback Requirements, then NROCC will give the Handback Certificate to TJH and surrender the Handback Bond.
The Contracting Authority may refuse to issue a Handback Certificate only if: (i) the Concessionaire has failed to complete all of the Renewal Works, (ii) the Site and the Airport Assets for any other reason do not comply with the Handback Conditions; or (iii) the Handback Requirements have not been satisfied in full.
If the Contracting Authority does not issue a Handback Certificate or a Refusal Notice within the time required, a Handback Certificate shall be deemed to have been issued pursuant to this article.