Contestable Assets definition
Examples of Contestable Assets in a sentence
Around the date of the Terms Letter, the Customer engaged the ICP to perform the Contestable Works and deliver the Contestable Assets required as the Customer has opted for NIE Networks to undertake only the Non-Contestable Works .
The Terms Letter governs (amongst other things) the performance of the Contestable Works and the delivery of the Contestable Assets by the Customer Counterparties, and obliges NIE Networks to perform certain Non-Contestable Works.
In consideration of the ICP and the Customer complying with its obligations under the Master Agreement Electricity North West Limited has agreed to Adopt the Contestable Assets that form part of the Contestable Works.
This adjoining land is owned by a person other than the Developer or the Owner of the Site; Adopted Contestable Assets the Contestable Works (or each Section) after Adoption; 3 Please note that the exact wording of the definition of ‘Accreditation’ will depend on the outcome of ongoing discussion and agreement in this regard.
Associated Contestable Assets Means those Associated Contestable Works that will form part of the Distribution System.
Adoption Means the transfer by the Connection Provider to WPD of the property in and responsibility for the Contestable Assets with full title guarantee and the expression "Adopt" shall be construed accordingly.
The ICP shall notify Electricity North West in writing of the date on which the applicable Contestable Assets shall require connection to the Distribution System and Energisation.
All fault repair work which is required to be carried out on those Associated Contestable Assets from then on, shall be carried out by WPD save for such works as WPD may require the Connection Provider to carry out to rectify any Defects in the Associated Contestable Works.
Notwithstanding any inspections or tests by Electricity North West, the Contestable Assets shall remain the property of and at the risk of the ICP who shall continue to be liable for them unless and until Adoption.
The ICP shall be responsible for the safety of the public, including where required and without limitation in providing appropriate signing, lighting, or guarding (noting that the provisions of the NRSWA might not apply to an un-adopted highway), or in ensuring that Energised Contestable Assets are appropriately insulated and left with the suitable mechanical protection in accordance with the Electricity North West Policies.