Common use of Takeover Plan Clause in Contracts

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”).

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 Engineera 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 draftTakeover Plan, it shall resubmit the draft Takeover Plan to the Authority and the Independent Engineer within Engineerwithin 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 PlanTakeoverPlan. 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”).