Common use of Retention in Escrow Account Clause in Contracts

Retention in Escrow Account. 34.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.3, a sum equal to [●]% for the year immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.1.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Retention in Escrow Account. 34.2.1 32.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.332.2.2, a sum equal to 5% (five per cent) of the total [●]% User Fee] for the year immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] 120 (one hundred and twenty) days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.136.1.

Appears in 2 contracts

Samples: Model Agreement, Model Agreement

Retention in Escrow Account. 34.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.3, a sum equal to [●]] % for the year immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.1.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Retention in Escrow Account. 34.2.1 32.2.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.332.2.2, a sum equal to [●]5% (five per cent)] of the total [User Fee] for the year immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] 120 (one hundred and twenty) days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.136.1.

Appears in 2 contracts

Samples: Model Agreement, Model Agreement

Retention in Escrow Account. 34.2.1 18.11.1. Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.318.11.2, a sum equal to [●]% for the year last three months payment due and payable immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] 120 (one hundred and twenty) days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.118.10.

Appears in 1 contract

Samples: Draft Power Procurement Agreement

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Retention in Escrow Account. 34.2.1 A. Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.312.2.B, a sum equal to [●]5% (five per cent) of the total Realizable Fee for the year immediately preceding the Transfer Date shall be retained in the Escrow Account for a period of [●] 120 (one hundred and twenty) days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.118.1.

Appears in 1 contract

Samples: Project Development and Implementation Agreement

Retention in Escrow Account. 34.2.1 24.6.1 Notwithstanding anything to the contrary contained in this Agreement, but subject to the provisions of Clause 34.2.324.6.3, a sum equal to [●]% for 100 (hundred) percent of the total revenue receipt in the year immediately preceding the Transfer Date shall be retained by the Concessionaire in the Escrow Account for a period of [●] 180 (One hundred and eighty) days after Termination for meeting the liabilities, if any, arising out of or in connection with the provisions of Clause 34.124.5.

Appears in 1 contract

Samples: Model Concession Agreement

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