Divestment Requirements definition

Divestment Requirements means the obligations of the Concessionaire for and in respect of Termination as set forth in Clause 28.1;

Divestment Requirements means the obligations of the Developer for and in respect of Termination as set forth in Article 32.1;

Divestment Requirements means the obligations of the Lessee for and in respect of Termination as set forth in Clause 22.1;

Examples of Divestment Requirements in a sentence

• All rights and obligations of either Party under this Agreement, including Termination Payments and Divestment Requirements, shall survive the Termination to the extent such survival is necessary for giving effect to such rights and obligations.

• 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.

• At any time, not earlier than 90 (ninety) days prior to Termination but not later than 15 (fifteen) days prior to such Termination, the Independent Engineer shall, in the presence of a representative of the Concessionaire, inspect the Project Highway for determining compliance by the Concessionaire with the Divestment Requirements set forth in Clause 38.1 and, if required, cause tests to be carried out at the Concessionaire’s cost for determining such compliance.

• 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 Developer.

• At any time, not earlier than 90 (ninety) days prior to Termination but not later than 15 (fifteen) days prior to such Termination, the Independent Engineer shall, in the presence of a representative of the Concessionaire, inspect the Project Highway for determining compliance by the Concessionaire with the Divestment Requirements set forth in Clause 30.1 and, if required, cause tests to be carried out at the Concessionaire’s cost for determining such compliance.

More Definitions of Divestment Requirements

Divestment Requirements means the obligations of the Concessionaire for and in respect of Termination as set forth in Clause 33.2;

Divestment Requirements means the obligations of the Operator for and in respect of successful completion of the Agreement Period by efflux of time or in case of exercise of option to exit this Agreement or Termination as set forth in Article 26.1;

Divestment Requirements means the obligations of the Concessionaire for and in respect of Termination as set forth in Clause 30.1 Document or Documentation means documentation in printed or written form, or in tapes, discs, drawings, computer programmes, writings, reports, photographs, films, cassettes, or expressed in any other written, electronic, audio or visual form Drawings means all of the drawings, calculations and documents pertaining to the Project Encumbrances means, in relation to the Project, any encumbrances such as mortgage, charge, pledge, lien, hypothecation, security interest, assignment, privilege or priority of any kind having the effect of security or other such obligations, and shall include any designation of loss payees or beneficiaries or any similar arrangement under any insurance policy pertaining to the Project, where applicable herein but excluding utilities EPC Contract means the engineering, procurement and construction contract or contracts entered into by the Concessionaire with one or more Contractors for, inter alia, engineering and construction of the Project in accordance with the provisions of this Agreement EPC Contractor means the person with whom the Concessionaire will enter into an EPC Contract Equity means the sum expressed in Indian Rupees representing the paid up equity share capital of the Concessionaire for meeting the equity component of the Total Project Cost, and shall for the purposes of this Agreement include convertible instruments or other similar forms of capital, which shall compulsorily convert into equity share capital of the Concessionaire, and any interest- free funds advanced by any shareholder of the Concessionaire for meeting such equity component Event of Default shall have the meaning ascribed thereto in Clause 29.1.

Divestment Requirements means the obligations of the Operator for and in respect of Termination as set forth in Article17.1;

Divestment Requirements shall have the meaning assigned to it in Article 29.1.

Divestment Requirements means the conditions set forth under Clause 16.1 which are required to be conformed/ complied to by the Operator at the time of Termination of this Agreement;

Divestment Requirements means the obligations of the MDO for and in respect of Termination set forth in Clause 33.1;