On-site Handover Clause Samples
On-site Handover. The Parties agree that, on the Closing Date, the Transferee shall appoint a representative to conduct the on-site handover of the relevant assets, documents, and records of the Target Company at the Target Company’s office or other locations mutually agreed by the Parties, with the representative of the Transferor. Upon the receipt of the relevant assets, documents, and records as agreed in this clause, the representative of the Transferee shall sign a written confirmation document based on the handover situation. The assets, documents, and records to be handed over shall include:
On-site Handover. (1) For the sites corresponding to plant rooms included into the scope of target assets, the on-site handover shall be completed by following the following procedure: confirm the existence of assets, verify and confirm the physical information of asset handover, and supplement and record asset inventory surplus in accordance with the “List of On-site Handover of Stock Tower-related Physical Items”; assets with inventory surplus need to be photographed; record types and integrity of door locks and electricity meter readings, hand over access cards and keys; both parties shall affix their signatures on the site to confirm that all entries of the “List of On-site Handover of Stock Tower-related Physical Items” are correct; the List is done in duplicate, each party holding one copy; the maintenance work for target assets located in such site shall be assumed by the buyer.
(2) For the sites corresponding to plant rooms that are not included into the scope of target assets, the on-site handover shall be completed by following the following procedure: confirm the existence of tower-related assets, verify and confirm the physical information of tower-related assets and supplement and record asset inventory surplus and affix resources labels; assets with inventory surplus need to be photographed; record the location and size of defined area in plant room, and record whether such area is equipped with antenna feeder, cable and ingress and egress routes, and whether is convenient for pass-through of personnel and equipment; both parties shall affix their signatures on the site to confirm that all entries of the “List of On-site Handover of Stock Tower-related Physical Items” are correct; the List is done in duplicate, each party holding one copy; the maintenance work for target assets located in such site shall be assumed by the buyer.
(3) Both parties shall, in accordance with the “List of On-site Handover of Stock Tower-related Physical Items” confirmed by their signatures, import the results of on-site handover into the asset stocktaking system, and aggregate inventory overage and shortage, differences of information and views.
On-site Handover. The parties agree that on the delivery date, the transferee will appoint a representative to hand over the corresponding assets, documents and files of the target company through the representative appointed by the transferor at the office of the target company or other places agreed by the parties. On the day when the transferee appoints a representative to receive the corresponding assets, documents and archives agreed in this article, it shall sign the corresponding written confirmation documents according to the handover situation. Among them, the assets, documents and archives that should be handed over include: