Common use of Termination Payment for Concessionaire Event of Default Clause in Contracts

Termination Payment for Concessionaire Event of Default. (a.) Upon Termination of this Agreement on account of Concessionaire Event of Default before COD, no Termination Payment shall be made to the Concessionaire and the Authority shall be entitled to forfeit the Performance Security of the Concessionaire;

Appears in 13 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Termination Payment for Concessionaire Event of Default. (a.i) Upon Termination of this Agreement on account of Concessionaire Event of Default before COD, no Termination Payment shall be made to the Concessionaire and the Authority AMC shall be entitled to forfeit the Performance Security of the Concessionaire;.

Appears in 1 contract

Samples: Concession Agreement

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