Passing of Risk. Until the actual date of handing over of the project or any part thereof, the project or part of the same, shall remain at the sole risk of the "DEVELOPER", and the "DEVELOPER" shall be solely responsible for any loss of or damage caused to or suffered by the "DEVELOPER" for any reasons whatsoever to whole or any part of the Project and Project Facilities, unless such loss or damage caused to or suffered by the "DEVELOPER" is due to any act of default or omission or negligence on the part of the "RWS".
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