Takeover Plan Clause Samples

Takeover Plan. 5.4.1 No later than ninety (90) days from the Effective Date, the Concessionaire shall provide to the Authority and the Independent Engineer a draft plan (“Interim Takeover Plan”) for the efficient handover of the operation and maintenance of the Existing Project Facilities from the Authority to the Concessionaire on the Preliminary Takeover Date. The Interim Takeover Plan shall be mutually agreed between the Parties and the Authority shall in accordance to such Interim Takeover Plan handover to the Concessionaire the Existing Project facilities in a phase wise manner. 5.4.2 No later than one hundred and eighty (180) days from the Effective Date, the Concessionaire shall provide to the Authority a draft Takeover Plan including the Emergency Response Plan for efficient handover of the Existing Takeover Facilities from the Appointed Date. Within 15 (fifteen) business days of receipt of the draft Takeover Plan from the Concessionaire by the Authority and Independent Engineer, the Independent Engineer shall review and provide comments on the draft Takeover Plan to the Authority, with a copy to the Concessionaire. The Authority shall within 15 (fifteen) business days of receipt of comments from Independent Engineer shall jointly review the draft Takeover Plan and in consultation with the Independent Engineer approve or suggest revisions to the same. In the event that the Authority fails to approve the draft Takeover Plan or suggest any revisions thereto in writing to the Concessionaire within the stipulated period of 15 (fifteen) business days of receipt of comments from the Independent Engineer, the draft Takeover Plan submitted by the Concessionaire shall be deemed to be approved. 5.4.3 Where the Concessionaire agrees with the requested amendments to the draft Takeover Plan, it shall resubmit the draft Takeover Plan to the Authority and the Independent Engineer within 14 (fourteen) business days of the receipt of the changes and the Authority shall, subject to satisfactory incorporation of the changes suggested by them, approve Takeover Plan within 14 (fourteen) business days of receipt of the revised draft Takeover Plan. 5.4.4 Once the Authority and the Concessionaire reach an agreement, the Authority and the Concessionaire shall sign off on the finalized version of the draft Takeover Plan (the “Takeover Plan”).
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Takeover Plan. The Provider shall develop and implement, as applicable, an approved Turnover Plan covering the possible turnover of the records and information maintained to either MAA through the COTR or a successor Provider. The Turnover Plan shall be a comprehensive document detailing the proposed schedule, activities, and resource requirements associated with the turnover tasks. The Turnover Plan shall be approved by MAA and shall be provided four (4) months prior to the expiration of the Agreement THE R EMAINDER OF THIS PAGE LEFT BLANK INTENTIONALLY This section is not applicable to this procurement. THE R EMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY
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Related to Takeover Plan

  • Takeover Laws No party hereto shall take any action that would cause the transactions contemplated by this Agreement to be subject to requirements imposed by any Takeover Law and each of them shall take all necessary steps within its control to exempt (or ensure the continued exemption of) the transactions contemplated by this Agreement from, or if necessary challenge the validity or applicability of, any applicable Takeover Law, as now or hereafter in effect.

  • Anti-Takeover Laws In the event that any state anti-takeover or other similar Law is or becomes applicable to this Agreement or any of the transactions contemplated by this Agreement, the Company, Parent and Acquisition Sub shall use their respective reasonable best efforts to ensure that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms and subject to the conditions set forth in this Agreement and otherwise to minimize the effect of such Law on this Agreement and the transactions contemplated hereby.

  • Anti-Takeover Provisions The Company is not party to a shareholder rights agreement, “poison pill” or similar agreement or plan. The Company Board has taken all necessary action so that any takeover, anti-takeover, moratorium, “fair price”, “control share” or other similar Laws enacted under any Laws applicable to the Company (each, a “Takeover Statute”) does not, and will not, apply to this Agreement or the Transactions other than the CICL.

  • State Takeover Laws If any “fair price,” “business combination” or “control share acquisition” statute or other similar statute or regulation is or may become applicable to any of the transactions contemplated by this Agreement, the parties hereto shall use their respective commercially reasonable efforts to (a) take such actions as are reasonably necessary so that the transactions contemplated hereunder may be consummated as promptly as practicable on the terms contemplated hereby and (b) otherwise take all such actions as are reasonably necessary to eliminate or minimize the effects of any such statute or regulation on such transactions.

  • Anti-takeover Provisions and Rights Plan The Board of Directors of the Company (the “Board of Directors”) has taken all necessary action to ensure that the transactions contemplated by this Agreement and the consummation of the transactions contemplated hereby will be exempt from any anti-takeover or similar provisions of the Company’s Charter and bylaws, and any other provisions of any applicable “moratorium”, “control share”, “fair price”, “interested stockholder” or other anti-takeover laws and regulations of any jurisdiction.