Examples of Transfer Assets in a sentence
Enter upon and take possession and control of the Project Facility and Project Site forthwith as per the provisions of Clause 7.6 (Hand back of Transfer Assets) of this Agreement.
Without prejudice to the foregoing, Concessionaire agrees to indemnify and keep indemnified the Concessioning Authority from and against all actions, proceedings, losses, damages, liabilities, claims, costs and expenses whatsoever which may be sustained or suffered by the Concessioning Authority as a result of any actions or omissions of the Concessionaire prior to the transfer of the Transfer Assets.
In the event of any such liability being assumed or transferred to Concessioning Authority or its nominee or any Encumbrance existing on any of the Transfer Assets, the quantum of such liability and / or amount corresponding to such Encumbrance, shall be compensated by Concessionaire to Concessioning Authority.
As a result a termination fee in accordance with the property management agreements will be payable to Scape in respect of the termination of the property management agreements relating to the iQ Transfer Assets and Scape will no longer receive property management fees in respect of those assets.
The iQ Transfer Assets will be transferred to iQ and integrated into the iQ platform, as further noted in section 12 below.