Handback Renewal Work Plan Sample Clauses

Handback Renewal Work Plan. The Handback Renewal Work Plan shall be a supplement to the Asset Management Plan. Concessionaire shall submit the Handback Renewal Work Plan for Review and Approval according to the following schedule: • 60 months prior to the end of the Term; and • every 12 months thereafter, or within a reasonable period before any Early Termination Date. At a minimum, the Handback Renewal Work Plan shall include: • additional asset actions required to meet the condition of no asset rehabilitation, overhaul, or replacement being performed in the three-year period immediately following Handback; • plan for the transition of operation and maintenance responsibilities to Owner; • procedure for acceptance of the Project elements by Owner; and • procedure for training Owner on operations and maintenance of Project elements.
Sample 1
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Handback Renewal Work Plan. The Handback Renewal Work Plan shall detail Concessionaire’s approach to maintenance, repair, reconstruction, rehabilitation, overhaul, and replacement of Project assets such that they meet operational, performance, and life-remaining requirements. Concessionaire’s Handback Renewal Work Plan shall be developed based on: • assessment of operation, performance, and Residual Life of Project assets; and • the assumption that Project assets will be maintained in accordance with Contract Documents for the remainder of Term. The Handback Renewal Work Plan shall contain Concessionaire’s proposed schedule for implementation of maintenance, repair, reconstruction, rehabilitation, overhaul, or replacement of Project assets. The Handback Renewal Work Plan shall contain details of the cost of executing Handback Renewal Work. The Handback Renewal Work Plan shall include any areas which are under remedial Work. Concessionaire shall retain all remediation responsibility (and liability) until such time that Concessionaire submits to Owner a full description of remedial Work and results of such Work, and receives from Owner acceptable documentation indicating that Concessionaire has complied with all directives and fulfilled and completed its remediation obligations.
Sample 1

Related to Handback Renewal Work Plan

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as hereinafter provided, but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. Choice of Law The Agreement between the Vendor and TIPS/ESC Region 8 and any addenda or other additions resulting from this procurement process, however described, shall be governed by, construed and enforced in accordance with the laws of the State of Texas, regardless of any conflict of laws principles. Venue, Jurisdiction and Service of Process Any Proceeding arising out of or relating to this procurement process or any contract issued by TIPS resulting from or any contemplated transaction shall be brought in a court of competent jurisdiction in Camp County, Texas and each of the parties irrevocably submits to the exclusive jurisdiction of said court in any such proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any proceeding arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction in any other court. The parties agree that either or both of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary and freely bargained for agreement between the parties irrevocably to waive any objections to venue or to convenience of forum. Process in any Proceeding referred to in the first sentence of this Section may be served on any party anywhere in the world. Venue for any dispute resolution process, other than litigation, between TIPS and the Vendor shall be located in Camp or Xxxxx County, Texas.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

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