Common use of Handing Over Procedure Clause in Contracts

Handing Over Procedure. 22.6.1 One year prior to the anticipated expiry of the Period, the "RWS" and the "DEVELOPER" shall meet and agree by mutual consensus on detailed procedures for the handing over of the Project and Project Facilities. The Parties shall meet to agree on such procedures as soon as possible and in any event within 15 days of either Party giving notice to the other Party requesting such meeting. At the time of such meeting, the "DEVELOPER" shall submit a detailed list of the structures, equipments, assets created by the "DEVELOPER" and to be handed over and the names of its representatives in charge of the transfer, and the "RWS" shall inform the "DEVELOPER" of the identity of its representatives in charge of the handing over procedure; 22.6.2 During the period commencing on the date of transfer of the Project together with the Project Facilities created till the Transfer Date and date falling twelve months after such Transfer Date, the "DEVELOPER" shall be liable to the "RWS" for all costs, expenses and damages suffered or incurred by the "RWS" (but excluding indirect or special losses and loss of profit) that are directly caused by a failure of the "DEVELOPER" to maintain the Project, Project Facilities created by the "DEVELOPER" till the Transfer Date as provided for under this Agreement. Any claim for payment by the Project pursuant to this sub-clause shall be submitted to the "DEVELOPER" not later than 30 days following the expiry of such 12 (twelve) months. The "DEVELOPER" shall make payment of any such claim properly made within ten days of receipt of such claim.