Common use of Treatment of incomplete works Clause in Contracts

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.

Appears in 10 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Treatment of incomplete works. 23.9.1 22.9.1 The Parties acknowledge and agree that in the event COD SPCD occurs upon issuance of a Provisional Certificate, the Annuity Payments and O&M Payments specified in payments made as per this Article 23 22 shall be made as if all works comprising the Project Facilities have been completed. The works remaining incomplete shall be completed by the Concessionaire Operator in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 23.9.2 22.9.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 Article 22.9.1 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 payments shall be reduced on account of such Change reduction of Scope scope as per the provisions of Article 1616 and Article 22 and thereupon, the Completion Certificate shall be issued forthwith.

Appears in 3 contracts

Samples: Performance Based Contract, Performance Based Contract (Pbc), Performance Based Contract (Pbc)

Treatment of incomplete works. 23.9.1 19.5.1 The Parties 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 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. 23.9.2 19.5.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 19.4.1 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 13 and the Completion Cost, Cost and Annuity Payments and O&M Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope as per the provisions of Article 16Scope.

Appears in 1 contract

Samples: Concession Agreement

Treatment of incomplete works. 23.9.1 22.4.1 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 payments made as per this Article 23 22 shall be made as if all works comprising the Project Facilities 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 22.4.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 Article 22.4.1 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 payments shall be reduced on account of such Change reduction of Scope scope as per the provisions of Article 1616 and Article 22.

Appears in 1 contract

Samples: Concession Agreement

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 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.

Appears in 1 contract

Samples: Concession Agreement

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Treatment of incomplete works. 23.9.1 19.6.1 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 19 shall be made as if all works Works comprising the Project have been completed. The works 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 19.6.2 In the event the Authority determines that any incomplete works Works referred to in Clause 23.9.1 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 16 14 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 as per the provisions of Article 16Clause 19.5.3.

Appears in 1 contract

Samples: Concession Agreement

Treatment of incomplete works. 23.9.1 22.4.1 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 payments made as per this Article 23 22 shall be made as if all works comprising the Project Facilities 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 22.4.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 Article 22.4.1 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 payments shall be reduced on account of such Change reduction of Scope scope as per the provisions of Article 16.16 and Article 22. ARTICLE23

Appears in 1 contract

Samples: Concession Agreement

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