Transition; Final Completion Sample Clauses
The 'Transition; Final Completion' clause defines the process and requirements for transferring responsibility and control of a project or asset from the contractor to the owner upon reaching final completion. Typically, this clause outlines the necessary steps such as final inspections, submission of required documentation, and resolution of outstanding issues before the official handover occurs. Its core function is to ensure a clear and orderly transition, minimizing disputes and ensuring that all contractual obligations have been met before the owner assumes full responsibility.
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Transition; Final Completion. (a) At a reasonable time prior to the Closing, Buyer and Sellers shall use good faith efforts to coordinate the transition of ownership of the Project Assets from Sellers to Buyer. Such coordination shall include, to the extent deemed necessary or desirable by Buyer, meetings and the sharing of information related to operational issues affecting the Project, the status of Punch List Items, the status of the work being done under all EPC Contracts, the status of warranty claims affecting the Project and any other issues identified by Buyer as requiring coordination consistent with Prudent Utility Practice.
(b) WST Seller shall not approve any Final Punch List (as defined in Annex 11) or the amount of holdback with any EPC Contractor without the prior written consent of Buyer, such consent not to be unreasonably withheld, conditioned, or delayed or withheld for any reason that is inconsistent with the terms of Annex 11 and the definition of “Punch List Items” herein.
(c) From and after the Closing Date, Buyer shall not issue any discretionary change orders under any EPC Contract which are not required pursuant to Prudent Utility Practice to complete construction of the Project in accordance with the Specifications without the prior written consent of WST Seller; provided that, WST Seller’s consent shall not be required if any costs associated with such change orders are not included in the final incremental rates charged to Pattern Wind (or its successors or assigns) pursuant to the Transmission Service Agreements.