Common use of Rectification Clause in Contracts

Rectification. 14.2.1 If the Concessionaire is obliged to carry out adjustments, repairs, replacements or modifications after completion of construction to maintain the Mandatory Development Obligations, the Concessioning Authority shall permit the Concessionaire to carry out all such adjustments, repairs, replacements or modifications as may be necessary. If the adjustment, repair, replacement or modification cannot be made without stopping the operations, then such request shall only be granted if the Concessionaire's request is reasonable under all the circumstances, having regard to the Concessioning Authority's obligations to keep the operation of the Project open during all hours of the day. The Concessioning Authority shall, based on written request by the Concessionaire, grant suitable rectification time period, within which the Concessionaire needs to complete the necessary works and during which period the Concessionaire shall not be considered in breach of the Agreement.

Appears in 7 contracts

Samples: Draft Concession Agreement, Draft Concession Agreement, Draft Concession Agreement

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