Common use of Functional Guarantees Clause in Contracts

Functional Guarantees. 16.1.1 The Operator shall have procured, mobilized made available, all the necessary manpower, items, goods, materials as may be required for the performance of the O&M Services at the Terminal within 1 (one) year from the Appointed Date in accordance with the provisions of Article 4, until the Termination. 16.1.2 The Operator shall accordingly achieve the Functional Guarantees as per the critical performance parameters set out in SCHEDULE 3 (Functional Guarantees and Damages). 16.1.3 If any default occurs in the achievement or maintenance of the Functional Guarantees, the Operator will be liable to pay Damages as per Article 16.