Examples of the transfer date in a sentence
For the avoidance of doubt, it is expressly agreed that in the event the Authority does not exercise such rights of substitution within a period not exceeding 90 (ninety) days from the Transfer Date, the Project Agreements shall be deemed to cease to be in force and effect on the Transfer Date without any liability whatsoever on the Authority and the Covenant shall expressly provide for such eventuality.
The Parties further agree that all such assets, equipment, or other medical aids (whether originally provided by the Authority or purchased or replaced by the Operator) shall be the property of the Authority and shall be handed over to the Authority, free from any encumbrances on the Transfer Date.
For the avoidance of doubt, the Parties agree that any land acquired by the Concessionaire under this Clause shall be retained by it after the Transfer Date and the Authority shall have no right or lien on such land at any time during or after the Concession Period.