Handback Inspections. The Parties shall conduct inspections of the O&M Limits at the times and according to the terms and procedures specified in the Handback Requirements, for the purposes of: 6.12.2.1 Determining and verifying the condition of all Elements and their Residual Lives; 6.12.2.2 Adjusting, to the extent necessary based on inspection and analysis, Element Useful Lives, Ages, Residual Lives, estimated costs of Rehabilitation Work and timing of Rehabilitation Work; 6.12.2.3 Revising and updating the Rehabilitation Work Schedule to incorporate such adjustments; 6.12.2.4 Determining the Rehabilitation Work required to be performed and completed prior to the Termination Date, based on the requirements for Residual Life at Handback specified in the Handback Requirements, the foregoing adjustments and the foregoing changes to the Rehabilitation Work Schedule; 6.12.2.5 Verifying that such Rehabilitation Work has been properly performed and completed in accordance with the Handback Requirements; and 6.12.2.6 Adjusting Developer’s funding of the Handback Requirements Reserve Account so that it is funded according to the schedule and amounts required under Exhibit 6 (Handback Requirements Reserve Elements and Reserve Funding Mechanism).
Appears in 8 contracts
Samples: Public Private Agreement, Public Private Agreement, Public Private Agreement
Handback Inspections. The Parties shall conduct inspections of the O&M Limits at the times and according to the terms and procedures specified in the Handback Requirements, for the purposes of:
6.12.2.1 Determining and verifying the condition of all Elements and their Residual Lives;Residual
6.12.2.2 Adjusting, to the extent necessary based on inspection and analysis, Element Useful Lives, Ages, Residual Lives, estimated costs of Rehabilitation Work and timing of Rehabilitation Work;
6.12.2.3 Revising and updating the Rehabilitation Work Schedule to incorporate such adjustments;
6.12.2.4 Determining the Rehabilitation Work required to be performed and completed prior to the Termination Date, based on the requirements for Residual Life at Handback specified in the Handback Requirements, the foregoing adjustments and the foregoing changes to the Rehabilitation Work Schedule;
6.12.2.5 Verifying that such Rehabilitation Work has been properly performed and completed in accordance with the Handback Requirements; and
6.12.2.6 Adjusting Developer’s funding of the Handback Requirements Reserve Account so that it is funded according to the schedule and amounts required under Exhibit 6 (Handback Requirements Reserve Elements and Reserve Funding Mechanism).Reserve
Appears in 1 contract
Samples: Public Private Agreement
Handback Inspections. The Parties shall conduct inspections of the O&M Limits at the times and according to the terms and procedures specified in the Handback Requirements, for the purposes of:
6.12.2.1 Determining and verifying the condition of all Elements and their Residual Lives;
6.12.2.2 Adjusting, to the extent necessary based on inspection and analysis, Element Useful Lives, Ages, Residual Lives, estimated costs of Rehabilitation Work and timing of Rehabilitation Work;
6.12.2.3 Revising and updating the Rehabilitation Work Schedule to incorporate such adjustments;
6.12.2.4 Determining the Rehabilitation Work required to be performed and completed prior to the Termination Date, based on the requirements for Residual Life at Handback specified in the Handback Requirements, the foregoing adjustments and the foregoing changes to the Rehabilitation Work Schedule;
6.12.2.5 Verifying that such Rehabilitation Work has been properly performed and completed in accordance with the Handback Requirements; and
6.12.2.6 Adjusting Developer’s funding of the Handback Requirements Reserve Account so that it is funded according to the schedule and amounts required under Exhibit 6 (Handback Requirements Reserve Elements and Reserve Funding Mechanism).Mechanism).
Appears in 1 contract
Samples: Public Private Agreement
Handback Inspections. The Parties shall conduct inspections of the O&M Limits at the times and according to the terms and procedures specified in the Handback Requirements, for the purposes of:
6.12.2.1 Determining and verifying the condition of all Elements and their Residual Lives;
6.12.2.2 Adjusting, to the extent necessary based on inspection and analysis, Element Useful Lives, Ages, Residual Lives, estimated costs of Rehabilitation Work and timing of Rehabilitation Work;
6.12.2.3 Revising and updating the Rehabilitation Work Schedule to incorporate such adjustments;
6.12.2.4 Determining the Rehabilitation Work required to be performed and completed prior to the Termination Date, based on the requirements for Residual Life at Handback specified in the Handback Requirements, the foregoing adjustments and the foregoing changes to the Rehabilitation Work Schedule;
6.12.2.5 Verifying that such Rehabilitation Work has been properly performed and completed in accordance with the Handback Requirements; and
6.12.2.6 Adjusting Developer’s funding of the Handback Requirements Reserve Account so that it is funded according to the schedule and amounts required under Exhibit 6 (Handback Requirements Reserve Elements and Reserve Funding Mechanism).
Appears in 1 contract
Samples: Public Private Agreement
