Common use of Project Operations Clause in Contracts

Project Operations. For the period following the Substantial Completion Date, the TIFIA Lender shall have the right, in its sole discretion, to monitor (or direct its agents to monitor) the Project’s operations and, as the ▇▇▇▇▇ ▇▇▇▇▇▇ may request from time to time, to receive reporting on the operation and management of the Project and copies of any contracts relating to the operation, maintenance and safety services for the Project. The ▇▇▇▇▇ ▇▇▇▇▇▇ agrees to consult with the FTA Regional Office prior to requiring reporting on the operation and management of the Project. The Borrower agrees to cooperate in good faith with the ▇▇▇▇▇ ▇▇▇▇▇▇ in the conduct of such monitoring by promptly providing the TIFIA Lender with such reports, documentation, or other information requested by the ▇▇▇▇▇ ▇▇▇▇▇▇. The ▇▇▇▇▇ ▇▇▇▇▇▇ has the right, in its sole discretion, to retain a financial oversight advisor in accordance with applicable federal procurement laws, under a contract with the TIFIA Lender, to carry out the provisions of this Section and the full cost of such monitoring shall be borne by the Borrower. Any costs incurred by the TIFIA Lender for such monitoring, including the cost of any financial oversight advisor, shall be promptly reimbursed by the Borrower upon demand therefor in the form of an invoice reasonably acceptable to the Borrower.