Handback Requirements Clause Samples
The Handback Requirements clause defines the obligations and standards that must be met when returning an asset, property, or project at the end of a contract or lease term. Typically, this clause outlines the condition in which the asset should be returned, any necessary repairs or maintenance, and the process for inspection and certification of compliance. Its core practical function is to ensure that the receiving party regains possession of the asset in an agreed-upon state, thereby preventing disputes and protecting the value of the asset.
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Handback Requirements. The Concessionaire shall provide any and all reasonable assistance to the Contracting Authority that, in the opinion of the Contracting Authority, is necessary to satisfy the Handback ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ addition to its other responsibilities under article 17, the Concessionaire shall be responsible to fulfill the following requirements (“Handback Requirements”).
Handback Requirements. (a) The Development Entity shall perform the Work so that as of the Termination Date, each CNG Fueling Station Facility meets all of the requirements set out in Section 10.4 (Handback Provisions) of the Technical Provisions (collectively, the Handback Requirements).
(b) In the event of Early Termination, the Development Entity shall only be required to comply with the requirements of this Section 8.4 (Handback Requirements) to the extent that any Renewal Work under the Handback Requirements was scheduled to have been performed prior to the Early Termination Date.
Handback Requirements. ARTICLE 10
Handback Requirements. Upon expiry of the Term, the Contractor shall leave the Schools in the condition required by the Handback Requirements and shall complete all requirements of the Contractor’s Handback on Expiry Plan set forth in Schedule 4 (Contractor’s Management Systems and Plans).
Handback Requirements. As a condition precedent to the payment of any Termination Amount Project Company must have complied with Section 37.4.
Handback Requirements. Upon expiry of the Term, the Contractor shall leave the New Infrastructure and the Existing Infrastructure in the condition required by the Handback Requirements.
Handback Requirements. (a) The Development Entity shall ensure that as at each Handback Date, each Handback Bridge meets all of the requirements set out in Section 17.8 (Handback Requirements) of the Technical Provisions (collectively, the Handback Requirements).
(b) In the event of Early Termination, the Development Entity shall only be required to comply with the requirements of this Section 8.6 (Handback Requirements) to the extent that any Renewal Work under the Handback Requirements was scheduled to have been performed prior to the Early Termination Date.
Handback Requirements. Section 24.1 Condition of the Relevant Infrastructure on Handback
(a) if Handback occurs during the D&C Term, is the condition that the Relevant Infrastructure would be in if Project Company had complied with all of its obligations in connection with the Relevant Infrastructure in accordance with this Agreement up to the time of termination and taking into account the circumstances of the termination;
(b) if Handback occurs during the O&M Term and prior to or on the date which is 2 years before the Scheduled Expiry Date, is the condition that the Relevant Infrastructure would be in if Project Company had complied with all of its obligations in connection with this Agreement up to the time of termination and taking into account the circumstances of the termination; or
(c) if Handback occurs on or after 2 years prior to the Scheduled Expiry Date, is consistent with:
(i) the Relevant Infrastructure and each of the elements of the Improved Freeway Lighting System having been designed and built in accordance with the applicable residual life requirements specified in Article 6 of the O&M Requirements;
(ii) Project Company having performed the O&M Work in accordance with the Technical Requirements;
(iii) the remaining residual life standards established in Article 6 of the O&M Requirements, compliance with which must be determined using the methodology and criteria specified therein; and
(iv) Project Company having complied with the requirements of this subsection and Article 6 of the O&M Requirements.
Handback Requirements. The provisions of Schedule 8 (Handback) shall apply on expiry of this Agreemnet
Handback Requirements. At the Expiry Date, Project Company must certify that Elements of the Relevant Infrastructure comply with the Residual Life, testing, inspection and reporting requirements defined in the Agreement, and specifically in Exhibit C. Project Company will be required to provide a reserve of spare parts and supplies typically required during a 60-day period based on MMIS data. The estimated quantities for such parts and supplies must be submitted for MDOT approval in the O&M Work Plan revisions with the final PMP submittal prior to Handback.