PoP Contracts Sample Clauses
A PoP (Proof of Performance) Contracts clause establishes the requirement for one party to demonstrate that they have fulfilled specific obligations or delivered agreed-upon services or products. In practice, this clause may require the submission of documentation, reports, or other evidence verifying that contractual milestones or deliverables have been met before payment is released or further obligations are triggered. Its core function is to ensure accountability and transparency, reducing the risk of disputes by providing clear, objective proof that contractual commitments have been satisfied.
PoP Contracts. 15.1 The Sellers shall use reasonable endeavours to effect the following prior to Completion:
(a) transfer the benefit and burden of each InfraCo PoP Contract to which a RemainCo Company is a party (a “Transferring InfraCo PoP Contract”) to the relevant Group Company by obtaining Contract Authorisation from the counterparty to that InfraCo PoP Contract; and
(b) transfer the benefit and burden of each RemainCo PoP Contract to which a Group Company is a party (a “Transferring RemainCo Contract”) to the relevant RemainCo Company by obtaining Contract Authorisation from the counterparty to that RemainCo Pop Contract, and where required under applicable law, register the transfer.
15.2 The parties agree that (notwithstanding any other provision in this Agreement) the Sellers shall not transfer the benefit or burden of:
(a) any InfraCo PoP Contract to which a Group Company is a party; or
(b) any RemainCo PoP Contract to which a RemainCo Company is a party.
PoP Contracts. 15.1 The Sellers shall use reasonable endeavours to effect the following prior to Completion: