Reporting, Verification Clause Samples

Reporting, Verification. Control and Assurance Procedures (a) Without prejudice to the generality of Clause 7.2 (Inspection Rights), the Owner and the Operator shall use all reasonable endeavours to provide, or procure the provision of, the information to the Lessee and its duly authorised representatives, and permit, or procure that its Subcontractors permit, the Lessee and its duly authorised representatives to exercise its access and inspection rights, all as provided for in Schedule 5 (Design, Build and Operational Readiness Requirements) to the Lessee and its duly authorised representatives to enable the Lessee to: (i) evaluate the progress of the Core Work (and any Additional Capital Work if applicable) against the Project Schedule; and (ii) respond to queries from LNG Buyers and/or potential LNG buyers and their representatives. (b) The Owner and the Operator may acting reasonably request information from the Lessee in respect of the Upstream Facilities to the extent such information assists the Owner or the Operator to: (i) engineer, design, develop, construct, commission or operate any connection or interface point between the FLNG Facility and the Upstream Facilities; or (ii) secure financing for the FLNG Facility, and the Lessee may, in its sole discretion, provide such information to the Owner and the Operator and their duly authorised representatives. (c) Any obligation to provide, or procure the provision of, information and/or to permit a Party to exercise its access and/or inspection rights in accordance with Clause 7.2 (Inspection Rights) or this Clause 7.3 (Reporting, Verification, Control and Assurance Procedures) shall be subject to any contractual limitations, including confidentiality restrictions, to which the Party that is being asked to provide such information, or permit such exercise of access or inspection rights (or its Affiliates), is subject. (d) Any information, access and/or inspection rights required to be provided pursuant to this Clause 7.3 (Reporting, Verification, Control and Assurance Procedures) shall be provided in a timely manner.