Common use of Inspection and Implementation Clause in Contracts

Inspection and Implementation. (i) Commencing two years after the date that a Project Asset has achieved Substantial Completion, the Concessionaire will conduct a biennial assessment of the physical condition of such Project Asset (except as otherwise provided in the Technical Requirements), and prepare a comparative analysis of such conditions to the conditions as previously reported (or, with respect to any Project Enhancements, their condition upon completion thereof), such analysis to take into account any changes in Federal requirements and changes to safety standards. With respect to the Existing Project Assets, such biennial assessment will also be performed in accordance with the Structural Assets Monitoring Plan. The condition of each Asset will be assessed using the Department’s Maintenance Rating Program in accordance with the Technical Requirements. If any Asset is determined by the Concessionaire or the Department to fall below the rating specified in the Technical Requirements for such Asset, the Concessionaire will, within 90 Days of such assessment, develop and submit to the Department a plan to restore such Asset to a condition that will enable the Asset to meet all applicable Performance Requirements, and such plan will also include a budget, timeline and identification of the funding sources that will be utilized to restore such Asset.

Inspection and Implementation. (i) Commencing two years after After the date that a Project Asset has achieved Substantial CompletionService Commencement Date, the Concessionaire will conduct a biennial inspections of the physical condition of the Project Assets pursuant to the Technical Requirements. Every five years after the Service Commencement Date, the Concessionaire will conduct an assessment of the physical condition of such the Project Asset (except as otherwise provided in Assets pursuant to the Technical Requirements), and will prepare a comparative analysis of such conditions to the conditions as previously reported (or, with respect to any Project Enhancements, their condition upon completion thereof), such analysis to take into account any changes in Federal requirements Requirements and changes to safety standards. With respect to the Existing Project Assets, such biennial assessment will also be performed in accordance with the Structural Assets Monitoring Plan. The condition of each Asset will be assessed using the Department’s Maintenance Rating Program in accordance with the Technical Requirements. If any Asset is determined by the Concessionaire or the Department to fall below the applicable level or rating specified in the Technical Requirements for such Asset, the Concessionaire will, within 90 Days of such assessment, develop and submit to the Department a plan to restore such Asset to a condition that will enable the Asset to meet all applicable Performance Requirements, and such plan will also include a budget, timeline and identification of the funding sources (if known at the time) that will be utilized to restore such Asset.

Inspection and Implementation. (i) Commencing two years after the date that a Project Asset has achieved Substantial Completion, the Concessionaire will conduct a biennial assessment of the physical condition of such Project Asset (except as otherwise provided in the Technical Requirements), and prepare a comparative analysis of such conditions to the conditions as previously reported (or, with respect to any Project Enhancements, their condition upon completion thereof), such analysis to take into account any changes in Federal requirements and changes to safety standards. With respect to the Existing Project Assets, such biennial assessment will also be performed in accordance with the Structural Assets Monitoring Plan. The condition of each Asset will be assessed using the Department’s Maintenance Rating Program in accordance with the Technical Requirements. If any Asset is determined by the Concessionaire or the Department to fall below the rating specified in the Technical Requirements for such Asset, the Concessionaire will, within 90 Days of such assessment, develop and submit to the Department a plan to restore such Asset to a condition that will enable the Asset to meet all applicable Performance Requirements, and such plan will also include a budget, timeline and identification of the funding sources that will be utilized to restore such Asset.. EXECUTION VERSION – DECEMBER 5, 2011