Examples of Phase 2 Work Completion in a sentence
Once the Commencement Date has occurred the Concessionaire is obligated to complete the Phase 2 Work in accordance with the Concession Agreement, HPTE Phase 2 Work Requirements, the Concessionaire’s Phase 2 Work Proposals, Good Industry Practice, and all applicable Law to achieve Phase 2 Work Completion by the Planned Full Services Commencement Date (which is December 31, 2015 or such other date agreed or determined to be the Planned Full Services Commencement Date pursuant to the Concession Agreement).
Within 5 Business Days after HPTE's receipt of the Affidavit of Phase 2 Work Completion, HPTE will make a final inspection, and HPTE will either issue a Notice of Phase 2 Work Completion, which shall state the date on which Phase 2 Work Completion has been achieved or notify the Concessionaire regarding any Phase 2 Work remaining to be performed.
The warranty term for each element of the Phase 2 GP Lanes shall commence upon Phase 2 Work Completion.
Receipt of the Notice of Phase 2 Work Completion shall not relieve the Concessionaire from any of its continuing obligations hereunder, or constitute any assumption of liability by HPTE.
If the Phase 2 Work Completion Requirements have not been achieved then the Concessionaire shall promptly remedy the defective and/or uncompleted portions of the Phase 2 Work and/or complete the other matters which are set out in Section 19.3. Thereafter, the Concessionaire shall provide to HPTE a revised Affidavit of Phase 2 Work Completion with a new date based on when these matters have been dealt with.
Phase 2 Work Completion will not prevent HPTE from correcting any measurement, estimate or certificate made before or after completion of the Phase 2 Work, or from recovering from the Concessionaire, the providers of Performance Security or both, the amount of any overpayment sustained due to failure of the Concessionaire to fulfill the obligations under this Contract with respect to the Phase 2 Work.
The foregoing procedure shall apply successively thereafter until HPTE has issued a Notice of Phase 2 Work Completion, which it shall be required to do upon the satisfaction of such requirements.
Subject to extension under Section 21.6, the warranties regarding all elements of the Phase 2 GP Lanes shall remain in effect until one year after Phase 2 Work Completion.
The Concessionaire will promptly begin the Phase 2 Work so as to achieve Phase 2 Work Completion on or before the Planned Full Services Commencement Date and will commence the delivery of the Services and the Snow and Ice Control Services in relation to the I-25 Managed Lanes and the I-25 Shared Bridge Decks and shall start to receive Toll Revenues in relation to the I-25 Managed Lanes.
Delay in Achieving Phase 2 Work Completion Concessionaire must obtain completion of Phase 2 work by the Full services commencement date (or liquidated damages will be due to HPTE).