Vesting Certificate. The divestment of all rights, title and interest in the Project shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-U (the "Vesting Certificate"), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project, and their vesting in the Authority pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by the Authority or its nominee on, or in respect of, the Project on the footing that all Divestment Requirements have been complied with by the Concessionaire.
Vesting Certificate. (a) On the Transfer Date the Authority/Expert shall verify, in the presence of the Concessionaire or of a representative of the Concessionaire’s, compliance by the Concessionaire with the requirements of Section 16.5 above. In the event the Authority/Expert notifies the Concessionaire of shortcomings, if any, in the Concessionaire’s compliance with such requirements, the Concessionaire shall forthwith cure the same.
Vesting Certificate. Handback of Transfer Assets is deemed to be complete on the date when all the requirements under Article 6.6 have been fulfilled by the Concessionaire, and the Concessioning Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule- 3 (the "Vesting Certificate"), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project, and their vesting in the Concessioning Authority pursuant hereto. 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.
Vesting Certificate. 28.4.1 The divestment of all rights, title and interest in the Project shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and Maha-Metro shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-G (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project, and their vesting in Maha-Metro pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by Maha-Metro or its nominee on, or in respect of, the Project on the footing that all Divestment Requirements have been complied with by the Concessionaire.
Vesting Certificate. The divestment of all rights, title and interest in the Rail System shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and MOR shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule-K (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Rail System, and their vesting in MOR pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by MOR or its nominee on, or in respect of, the Rail System on the footing that all Divestment Requirements have been complied with by the Concessionaire.
Vesting Certificate. The divestment of all rights and interest in the Development of Commercial Facilities at < insert name of bidding project> under B.O.T. Scheme shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the Expert shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Section 16.5 (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Authorisee of all of its rights and interest in the Project, and their vesting in the Grantor pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by the Grantor or its nominee on or in respect of the Project on the footing that all Divestment Requirements have been complied with by the Authorisee. Appendix 11
Vesting Certificate. 23.3.1 The divestment of all rights, title and interest in the Project and the Project Facilities excluding the Buses not being bought by the Authority in accordance with provisions of Clause 20.8 and 22.3, and also the equipment, machinery, consumables etc., procured by the Operator at its own cost during the Contract Period for the implementation of the Project, shall be deemed to be complete on the date on which all of the divestment/ handover requirements have been fulfilled by the Operator, and the Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule XIII (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment/handover by the Operator of all of its rights, title and interest in the Project and the Project Facilities to the extent specified herein, and their vesting in the Authority pursuant hereto. PART - IV: OTHER PROVISIONS
Vesting Certificate. 23.3.1 The divestment of all rights, title and interest in the Project and the Project Facility excluding the Buses not being bought by the Authority in accordance with provisions of Clauses20.8 and 22.3and also excluding the equipment, machinery, consumables etc., procured by the Operator at its own cost during the Contract Period for the implementation of the Project, shall be deemed to be complete on 82 [Drafting Note : Applicable only in the event the Authority is buying back the Buses in terms of Article 22 or the same are being handed over by the Operator to the Authority since the Buses were procured by the Authority under the Contract] the date on which all of the divestment/ handover requirements have been fulfilled by the Operator, and the Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Schedule XIII (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment/handover by the Operator of all of its rights, title and interest in the Project and the Project Facilities to the extent specified herein, and their vesting in the Authority pursuant hereto. PART - IV: OTHER PROVISIONS
Vesting Certificate. The divestment of all rights, title and interest in the Project shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the MCGM shall, without unreasonable delay, thereupon issue a certificate (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Concessionaire of all of its rights, title and interest in the Project, and their vesting in the Authority pursuant hereto. It is expressly agreed that any defect or deficiency in the Divestment Requirements shall not in any manner be construed or interpreted as restricting the exercise of any rights by the MCGM or its nominee on, or in respect of, the Project on the footing that all Divestment Requirements have been complied with by the Concessionaire.
Vesting Certificate. ARTICLE 19 ......................................................................................................................................
