Common use of Requisition Clause in Contracts

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder and no Termination Payment is payable by the Concessioning Authority, upon issue or receipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the Concessionaire to furnish the following information to enable the Concessioning Authority to estimate the likely Termination Payment payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported by Senior Lenders’ certificate; (b) data or records [to be specified by Concessioning Authority] regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the Project/Project Facilities and Services, assets and liabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars called for by the Concessioning Authority.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder and no Termination Payment compensation is payable by the Concessioning Authority, upon issue or receipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the Concessionaire to furnish the following information to enable the Concessioning Authority to estimate the likely Termination Payment compensation payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported by Senior Lenders’ certificate; (b) data or records [to be specified by Concessioning Authority] regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the Project/Project Facilities and Services, assets and liabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars called for by the Concessioning Authority.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder and no Termination Payment compensation is payable by the Concessioning Authority, upon issue or receipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the Concessionaire to furnish the following information to enable the Concessioning Authority to estimate the likely Termination Payment compensation payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities and Services to be handed over to/taken over by the Concessioning Authority. (a) a. except in cases where no Financial Close has been achieved, the particulars of Debt Due supported by Senior Lenders’ certificate; (b) b. data or records [to be specified by Concessioning Authority] including test certificates, survey reports, inspection reports, records of maintenance, statutory certificates issued regarding the operation and maintenance of the Project Facilities and Services; (c) c. specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) d. cargo traffic, daily output of jetty or any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the Project/Project Facilities and Services, assets and liabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars called for by the Concessioning Authority.

Appears in 1 contract

Sources: Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder righthereunder and no Termination Payment is payable by the Concessioning Authority, upon issue or receipt orreceipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or Eventor as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession theConcession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the uponthe Concessionaire to furnish the following information to enable the Concessioning Authority to estimate toestimate the likely Termination Payment payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities ProjectFacilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported Duesupported by Senior Lenders’ certificate; (b) data or records [to be specified by Concessioning Authority] regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the ProjecttheProject/Project Facilities and ServicesFacilitiesandServices, assets and liabilitiesassetsandliabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars theparticulars called for by the Concessioning Authority.

Appears in 1 contract

Sources: Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder righthereunder and no Termination Payment is payable by the Concessioning Authority, upon issue or receipt orreceipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or Eventor as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession theConcession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the uponthe Concessionaire to furnish the following information to enable the Concessioning Authority to estimate toestimate the likely Termination Payment payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities ProjectFacilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported Duesupported by Senior Lenders’ certificate; (b) data or records [to be specified by Concessioning Authority] regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the Project/Project Facilities and ServicesFacilitiesandServices, assets and liabilitiesassetsandliabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars theparticulars called for by the Concessioning Authority.

Appears in 1 contract

Sources: Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder and no Termination Payment compensation is payable by the Concessioning Authority, upon issue or receipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the Concessionaire to furnish the following information to enable the Concessioning Authority to estimate the likely Termination Payment compensation payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported by Senior Lenders▇▇▇▇▇▇▇’ certificate; (b) data or records [to be specified by Concessioning Authority] test certificates, survey reports, inspection reports, records of maintenance, statutory certificates issued for operation and establishment of project facilities and services and regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] cargo traffic, daily output of berths regarding Concessionaire, its business, the Project/Project Facilities and Services, assets and liabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars called for by the Concessioning Authority.

Appears in 1 contract

Sources: Concession Agreement

Requisition. Except where the Termination Notice is issued prior to Financial Close being achieved by the Concessionaire, when the Concession has not come into effect the Concessionaire has no right hereunder and no Termination Payment compensation is payable by the Concessioning Authority, upon issue or receipt as the case may be of Termination Notice, either as a consequence of a Force Majeure Event or as a consequence of an Event of Default, or otherwise 6 (six) months prior to the expiry of the Concession Period, the Concessioning Authority shall by a notice in writing (“Requisition”) call upon the Concessionaire to furnish the following information to enable the Concessioning Authority to estimate the likely Termination Payment compensation payable by the Concessioning Authority to the Concessionaire and/or to finalise the items of Concessionaire’s assets comprised in the Project Facilities and Services to be handed over to/taken over by the Concessioning Authority. (a) except in cases where no Financial Close has been achieved, the particulars of Debt Due supported by Senior Lenders’ certificate; (b) data or records [to be specified by Concessioning Authority] regarding the operation and maintenance of the Project Facilities and Services; (c) specifications regarding the Concessionaire’s assets comprised in the Project Facilities and Services; and (d) any other information or records [to be specified by Concessioning Authority at its discretion] regarding Concessionaire, its business, the Project/Project Facilities and Services, assets and liabilities. The Concessionaire shall within a period of 30 (thirty) Days of receipt of Requisition furnish the particulars called for by the Concessioning Authority.

Appears in 1 contract

Sources: Concession Agreement