Common use of Transfer Costs Clause in Contracts

Transfer Costs. 17.5.1 The Concessionaire shall transfer the possession of Transferrable Assets to the Authority free from any charge, Encumbrance, liability or obligation in terms of this Concession Agreement, through appropriate legal document executed in respect thereof, if any. 17.5.2 The Concessionaire shall be responsible for the costs and expenses with the transfer of the possession of the Transferrable Assets. The Concessionaire hereby undertakes to indemnify the Authority against any liability arising out of any statutory liability till the Transfer Date that may be sought to be or is imposed on a later date on the Authority by any statutory authorities, in relation to the Project Facility(s) and the assets there under.

Appears in 1 contract

Sources: Concession Agreement

Transfer Costs. 17.5.1 19.6.1 The Concessionaire shall transfer the possession of Transferrable Assets Project Site, Project Facility to the Authority free from any charge, Encumbrance, liability or obligation in terms of this Concession Agreement, through appropriate legal document executed in respect thereof, if any.; 17.5.2 19.6.2 The Concessionaire shall be responsible for the costs and expenses with the transfer of the possession of the Transferrable AssetsProject Facility and Project Site. The Concessionaire hereby undertakes to indemnify the Authority against any liability arising out of any statutory liability till the Transfer Date that may be sought to be or is imposed on a later date on the Authority by any statutory authorities, in relation to the Project Facility(s) Facility and the assets there under.

Appears in 1 contract

Sources: Concession Agreement

Transfer Costs. 17.5.1 13.6.1 The Concessionaire shall transfer the possession of Transferrable Assets Project Site, Project Facility to the Authority free from any charge, Encumbrance, liability or obligation in terms of this Concession Agreement, through appropriate legal document executed in respect thereof, if any.; 17.5.2 13.6.2 The Concessionaire shall be responsible for the costs and expenses with the transfer of the possession of the Transferrable AssetsProject Facility and Project Site. The Concessionaire hereby undertakes to indemnify the Authority against any liability arising out of any statutory liability till the Transfer Date that may be sought to be or is imposed on a later date on the Authority by any statutory authorities, in relation to the Project Facility(s) Facility and the assets there under.

Appears in 1 contract

Sources: Concession Agreement