Examples of Vesting Certificate in a sentence
It is expressly agreed that the issue of Vesting Certificate shall not in any manner be construed or interpreted as restricting the exercise of any rights by the Concessioning Authority or its nominee on, or in respect of, the Project on the footing that all requirements under the Agreement have been complied with by the Concessionaire.
The divestment of all rights and title in the Project shall be deemed to be complete on the date of issue of the Vesting Certificate.
The Performance Security shall be rolled over periodically and shall be renewed 3 (three) months prior to its expiry so as to keep it valid and subsisting with full force and effect until issue of Vesting Certificate by Authority and thereafter until expiry of two months from end of the Defects Liability Period.
Provided that no appropriation shall be made under sub-clause (j) of this Article 20.4.1 until a Vesting Certificate has been issued by the Authority.
Subject always to the provisions of clause 2.10, from the date of issue of each Vesting Certificate for each Stage of the Works, xxx Xxxxxxxxxx shall be responsible for operating and maintaining that Stage of the Works.