Treatment of incomplete works Sample Clauses

Treatment of incomplete works. 23.9.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments and O&M Payments specified in this Article 23 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 23.9.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 16 and the Completion Cost, Annuity Payments and O&M Payments shall be reduced on account of such Change of Scope as per the provisions of Article 16.
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Treatment of incomplete works. 23.9.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments and O&M Payments specified in this Article 23 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 23.9.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 16 and the Completion Cost, Annuity Payments and O&M Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope. For the avoidance of doubt, the Parties expressly agree that such Change of Scope and the consequent reduction in Completion Cost, Annuity Payments and O&M Payments shall be undertaken such that the Concessionaire is not placed in a disadvantageous financial position on account thereof, and assistance of the Independent Engineer shall be taken for any assessment hereunder.
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Treatment of incomplete works. 21.8.1. The Parties acknowledge and agree that in the event COD occurs upon issuance of Provisional Certificate, the Annuity Payments and O & M Payments specified in this Article 21 shall be made proportionate to the works completed and the Design Capacity developed for the Project. The complete payments shall be effected on the issuance of Completion Certificate for entire Project. 21.8.2. In the event the Authority determines that any incomplete works referred to in Clause 21.7.1 are not required to be completed for any reason, it shall modify the scope of the Project in accordance with the provisions of Article 15 and the Bid Project Cost, Annuity Payments and O & M Payments shall be reduced on account of such Change of Scope as per the provisions of Article 15.
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Treatment of incomplete works. 19.6.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a last Provisional Certificate, the Payments specified in this Article 19 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 19.6.2 In the event the Authority determines that any incomplete Works referred to in Clause 19.5.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 14 and the Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope. For the avoidance of doubt, the Parties expressly agree that such Change of scope and the consequent reduction in cost with respect to Contract Price shall be undertaken such that the Concessionaire is not placed in a disadvantageous financial position on account thereof.
Sample 1
Treatment of incomplete works. 19.6.1 The parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments specified in this Article 19 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 19.6.2 In the event the Authority determines that any incomplete works referred to in Clause 19.5.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 14 and the Annuity Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope as per Clause 19.4.3.
Sample 1

Related to Treatment of incomplete works

  • Termination for Changes in Budget or Law The JBE’s payment obligations under this Agreement are subject to annual appropriation and the availability of funds. Expected or actual funding may be withdrawn, reduced, or limited prior to the expiration or other termination of this Agreement. Funding beyond the current appropriation year is conditioned upon appropriation of sufficient funds to support the activities described in this Agreement. The JBE may terminate this Agreement or limit Contractor’s Services (and reduce proportionately Contractor’s fees) upon Notice to Contractor without prejudice to any right or remedy of the JBE if: (i) expected or actual funding to compensate Contractor is withdrawn, reduced or limited; or (ii) the JBE determines that Contractor’s performance under this Agreement has become infeasible due to changes in applicable laws.

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

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