Turnkey Contractor definition

Turnkey Contractor means the party identified as contractor under the Turnkey Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Turnkey Contractor means the Turnkey Contractor appointed by the Company under Clause 4.2.1 of the PPA;

Turnkey Contractor means the Turnkey Contractor appointed by the Project Company under Clause 4.2.1; “UNCITRAL Rules” has the meaning given to that term in Schedule 15 (Disputes Resolution Procedure); “US Dollar Equivalent” means, in respect of any payment made or payable in Rupees on any Day, the amount of US Dollar required to purchase such amount of Rupees at the Reference Exchange Rate on such Day; “US Dollar Letter of Credit” has the meaning given to that term in Clause 8.7.1(i); “VAT” means the value added tax; “Wilful Default” means an intentional, wanton or reckless disregard by a party of the Laws of Sri Lanka or an obligation under this Agreement or the Transmission Agreement, as the case may be; “Works” means the permanent and temporary works required for the design, construction, completion and Commissioning of the Solar Park Facility or the Transmission Facility, as the case may be.

Examples of Turnkey Contractor in a sentence

• Also, PIA & Turnkey Contractor have to carry out quality assurance of village electrification and substation works as per the checklist provided at Annexure-A.

• Additionally, in furtherance of dispute resolution under the Turnkey Agreement, the Government hereby (1) designates the Turnkey Contractor to ICSID as a constituent subdivision or agency of the State for purposes of Article 25(l) of the ICSID Convention and (2) irrevocably approves the consent of the Turnkey Contractor to arbitrate disputes in accordance with the terms of the Turnkey Agreement.

• The Turnkey Contractor or its Subcontractors shall do all things necessary to protect any and all parallel, converging and intersecting electric lines and poles, telephone lines and poles, highways, waterways, railroads, sewer lines, oil, water and natural gas pipelines, drainage ditches, culverts and any and all property of Persons from Loss or Damage as a result of its performance of the Work.

• Any and all payments by the MEP Participants to the Turnkey Contractor as specified in this Agreement shall be inclusive of Taxes (including value added taxes), if any.

• Such personnel shall be provided at no cost to the Turnkey Contractor in the numbers and on the dates specified by the Turnkey Contractor, provided at least six (6) months’ advance notice is given by the Turnkey Contractor and such date is no earlier than six (6) months before the scheduled commencement of start-up of the Facilities.

• The MEP Participants shall, promptly upon receipt of the Notice of Provisional Acceptance, inspect the Facilities and all Work completed by the Turnkey Contractor and review the results of the report submitted by the Turnkey Contractor in support of its Notice of Provisional Acceptance.

• Set forth in Appendix B on the Milestone/Progress Payment Schedule are certain Phases and milestone events within the Basic Engineering Phase, Detailed Engineering Phase and Land Acquisition and Construction Phase which, among other things, determine when the MEP Participants shall become obligated to make Scheduled Payments to the Turnkey Contractor in respect of each identified portion of the Work.

• After Provisional Acceptance, the Turnkey Contractor shall promptly complete the remaining Work, including Punch List items and the Reliability Run.

• Subject to and in accordance with the terms of Section 3.1.4.1 (allowing Scope Change Orders to the Turnkey Contractor for increases in cost), the Turnkey Contractor shall cooperate with and provide reasonable assistance to the MEP Participants to maximise the amount of external financing and political risk insurance for the Facilities provided by export credit agencies and other multilateral and bilateral financing agencies.

• In addition, and to the fullest extent practicable, the MEP Participants’ Representative shall coordinate those Project-related activities of the Lenders and/or Insurers which require access to the Turnkey Contractor, including their monitoring of the Work, their inspection of the Facilities and their gaining of access to the Turnkey Contractor and its books, records, designs and drawings relating to the Work.

More Definitions of Turnkey Contractor

Turnkey Contractor means Raytheon Engineers and Constructors, Inc. a Delaware Corporation.

Turnkey Contractor. Ebasco Constructors Inc., a Delaware corporation.

Turnkey Contractor means Westinghouse, or such substitute contractor as may be engaged by the Partnership to complete construction of the Project.

Turnkey Contractor means ▇▇▇▇ Hatlari ile Petrol Tasima A.S. (“BOTAS”), the Person so identified as a signatory to this Agreement, which is a state economic enterprise established as a joint state company in accordance with Turkish Law by the authority of decree no. 233 (dated February 8, 1995) and which is responsible for the obligations of the Turnkey Contractor under this Turnkey Agreement, and any successor or permitted assignee of such Person.