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.
The Plan will be administered by the Committee, which will have the power to interpret the Plan and to adopt such rules and guidelines for carrying out the Plan, as it may deem appropriate.
Such payment shall be made not later than fourteen (14) days after the estimated cost has been agreed or determined and, upon such payment being received by the Grantor, the Grantor's Representative shall issue the Handback Certificate and return the Handback Bond to the Developer.
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.
The L2SP1shall insure against liability to third parties for any death or personal injury and loss of body part or damage to any physical property arising out of the performance of the Contract and occurring before the issue of the Handback Certificate.