Common use of Transition Phase Clause in Contracts

Transition Phase. 23.1.1 The Operator is required to ensure the orderly transition of the Project/ Project Facilities from it to the Authority and/or any successor operator, in the event of Termination or Expiry of this Contract; 23.1.2 The Parties shall continue to perform their obligations under this Contract notwithstanding the issuance of any Termination Notice until the end of the transition phase in accordance with the Transition Management Plan. The Operator shall be responsible for the overall management of the transition phase; 23.1.3 During the Contract Period, the Operator shall: a. maintain a register in respect of all the components and facilities comprising the Project Facilities and all the equipment, plant, machinery, materials, spare parts, etc. at the Bus Depot, detailing : i. their ownership and status - as either owned by Authority or Operator; ii. their net book value;