During the Construction Period the Concessionaire shall:
During the Construction Period. Beginning on the Effective Date and continuing until the Commercial Operation Date, System Owner shall maintain (or shall cause its Subcontractors to maintain), with a company or companies licensed or qualified to do business in the Commonwealth of Pennsylvania, the following insurance coverage:
During the Construction Period the Concessionaire shall implement the CIP on behalf of the Authority in accordance to Good Industry Practice and reasonable care shall be taken by the Concessionaire to minimize supply interruptions, traffic disruptions and ensure good and timely communications with Users in the Service Area. All the works and interventions proposed as part of the CIP shall be in conformity with the relevant industry standards and the Environmental Code of Practice.
During the Construction Period the Concessionaire shall take all necessary measures to:
During the Construction Period. The City shall make payments to Project Co for achievement of various milestones including the Highway 417 milestone plus, for clarity, applicable HST on the relevant milestone payment date. The City shall pay the revenue service availability payment plus, for clarity, applicable HST, less all mobility matters deductions contemplated under the Project Agreement on the revenue service availability payment date. The Independent Certifier will certify that payment is due in respect of the revenue service availability payment and in respect of all milestones other than the Highway 417 milestone. A consultant will issue a highway substantial completion certificate before payment is due in respect of the Highway 417 milestone payment. No payment will be made in respect of any milestone containing as a component thereof all or any part of the vehicles unless and until Project Co delivers to the City a Canadian content certificate that demonstrates that the vehicles meet the Canadian content requirements as of the date of payment, includes appropriate back-up information, is true and accurate and is in form and content satisfactory to the City. b) During the Maintenance Term The City will make monthly service payments to Project Co for the provision of facilities and services as contracted. The payments are subject to various adjustments including dollar deductions for underperformance in accordance with the payment mechanism schedule (Schedule 20), adjustments based on annual drivers hours in accordance with the operations matters schedule (Schedule 39), gainshare or painshare adjustments based on energy utilities consumption under the energy matters schedule (Schedule 8) and to upwards adjustments as a consequence of compensation events. Deductions to the monthly service payments will reasonably reflect the severity of the consequences to the City of a particular failure (availability, quality or service). Deductions due to underperformance would never exceed 100% of the monthly service payment. Material Term Description The City will also make an annual service payment to Project Co which payments will be adjusted in the ordinary course in accordance with the Project Agreement. The annual service payment represents the fee for service calculations for the Project Agreement that are subject to market driven adjustment mechanisms. General Audit Rights All information, reports, documents and records in the possession of or available to Project Co, which are requir...
During the Construction Period. The City shall pay to Project Co the construction period payments, plus applicable HST, on an earned value approach. Earned value means the budgeted cost of work performed in respect of each payment period. The City shall pay to Project Co the substantial completion payment, plus applicable HST, less any lane closure adjustment, on the substantial completion payment commencement date. The City shall also pay to Project Co monthly service payments, plus any applicable HST, calculated as being due to Project Co in respect of each payment period following the payment commencement date. Project Co shall not be entitled to any monthly service payments for any period prior to the payment commencement date. The amount of any monthly service payment may be adjusted pursuant to the Project Agreement. b)
During the Construction Period. (a) firstly, an annual amount equal to TWO HUNDRED THOUSAND DOLLARS ($200,000.00) of Net Cash Flow from the operations of the Project shall be distributed monthly to Shelter during each fiscal year during the Construction Period, subject to adjustment pursuant to Section 19.02 hereof;
During the Construction Period. The BOT Company shall procure or cause to be procured the following policies of insurance, in the minimum coverage amounts and maximum deductible amounts, during the Construction Period:
During the Construction Period i. Review and comment the Construction Plan prepared by the Concessionaire with respect to the requirements for Construction Works as specified in the Concession Agreement;
During the Construction Period if the Referee Notice is given during the Construction Period, the Referee will be appointed in the following manner:
