Common use of Vesting Certificate Clause in Contracts

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. The divestment of all rights and interest in the Development of Commercial Facilities Project at < insert name of bidding project> under B.O.T. Scheme Bus Station, Sathupally, Bhadradri Kothagudem District 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. The divestment of all rights rights, title and interest in the Development of Commercial Facilities at < insert name of bidding project> under B.O.T. Scheme Project shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the Expert Concessioning Authority shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Section 16.5 (the “Vesting Certificate”), which will shall have the effect of constituting evidence of divestment by the Authorisee Concessionaire of all of its rights rights, title and interest in the ProjectProject Site, Project Assets, Facilities and Services, and their vesting in the Grantor Concessioning 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 Grantor Concessioning Authority or its nominee on on, or in respect of of, the the Project Site, Project Assets, Facilities and Services on the footing that all Divestment Requirements have been complied with by the Authorisee. Appendix 11Concessionaire.

Vesting Certificate. The divestment of all rights and interest in the Development of Commercial Facilities at < insert name Ac. 9.14 of bidding project> prime land besides Bus Bhavan, Mushirabad, Hyderabad, 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. The divestment of all rights rights, title and interest in the Development of Commercial Facilities at < insert name of bidding project> under B.O.T. Scheme Project shall be deemed to be complete on the date when all of the Divestment Requirements have been fulfilled, and the Expert Authority / SSNNL / FED shall, without unreasonable delay, thereupon issue a certificate substantially in the form set forth in Section 16.5 Appendix X (the “Vesting Certificate”), which will have the effect of constituting evidence of divestment by the Authorisee Concessionaire of all of its rights rights, title and interest in the Project, and their vesting in the Grantor Authority / SSNNL / FED 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 Authority / SSNNL / FED or its nominee on on, or in respect of of, the Project on the footing that all Divestment Requirements Requirements, have been complied with by the Authorisee. Appendix 11Concessionaire.