CCC Handover Sample Clauses
The CCC Handover clause defines the process and requirements for transferring control, custody, and care (CCC) of a project or asset from one party to another, typically from a contractor to the client. This clause outlines the specific conditions that must be met before the handover can occur, such as completion of works, passing inspections, and provision of necessary documentation. Its core function is to ensure a clear and documented transition of responsibility, minimizing disputes and clarifying when liability for the asset shifts from the contractor to the client.
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CCC Handover. (a) On completion of construction and successful Commissioning of each item of Incomplete Infrastructure the Seller must hand over care, custody and control of the relevant item of Incomplete Infrastructure to WLOPL (CCC Handover).
(b) At the later of Completion or the date of CCC Handover for each item of Incomplete Infrastructure:
(i) the Seller must transfer title to each item of Incomplete Infrastructure to the Buyer in proportion to the Sale Interest;
(ii) to the extent not provided at Completion where Completion occurs prior to CCC Handover for an item of Incomplete Infrastructure, the Seller must provide a duly executed deed of release of security in respect of 50% of the item of Incomplete Infrastructure from the Security Trustee; and
(iii) the Seller and the Buyer will procure that WLOPL undertakes operational ramp up of that item of Incomplete Infrastructure.
(c) Without limiting clause 5.1(a), in respect of each item of Incomplete Infrastructure (including to satisfy clause 5.2(d)), the Seller is solely responsible for rectifying any defects (including omissions) in the construction and supply of goods, materials and equipment incorporated within the Incomplete Infrastructure that exist or become apparent prior to the later of Completion and the date of CCC Handover of the Incomplete Infrastructure.
(d) In order to be considered to have been constructed and successfully Commissioned, each item of Incomplete Infrastructure must meet the requirements and pass the commissioning tests set out in Schedule 5 to the extent applicable to that item of Incomplete Infrastructure.