Risk Transfer Date definition

Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Employer in accordance with sub Clauses 38.2 and 39.1.
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Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Business Associate to the Employer.
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Risk Transfer Date means the date on which the risk in and benefits to the Subject Matter pass to the Purchaser;
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Examples of Risk Transfer Date in a sentence

  • The Risk of loss of or Damage to the Works shall pass from the Contractor to the Employer on the Risk Transfer Date applicable thereto.

  • The Contractor shall be responsible for the care of the Works from the commencement date until the Risk Transfer Date applicable thereto under Sub Clause 38.2.The Contractor shall also be responsible for the care of any part of the Works upon which any outstanding Works is being performed by the Contractor during the Defects Liability period until completion of such outstanding Work.

  • After the Risk Transfer Date, the Contractor’s liability in respect of loss or damage to any part of the Works shall, except in the case of Gross Misconduct, be limited:- a) To the fulfillment of the Contractor’s obligations under Clause-30 in respect of defects therein, and b) To making good forthwith loss or damage caused by the Contractor during the Defects Liability Period.

  • Care of Works GCC.35.1. Contractor's Responsibility for the care of Works The Contractor shall be responsible for the care of Works from the Commencement Date until the Risk Transfer Date applicable thereto under GCC.35.2 GCC.35.2. Risk Transfer Date The Risk Transfer Date in relation to the Works is the date of occurrence of any of the following a.

  • The Contractor shall be responsible for the care of the Works from the commencement date until the Risk Transfer Date.


More Definitions of Risk Transfer Date

Risk Transfer Date shall have the meaning set forth in Section 14.15.2 hereof.
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Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the enlisted firm to the Employer in accordance with sub Clauses 41.2 and 42.1.
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Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Executive Engineer/Operation, City Division, Karnal in accordance with sub Clauses 38.2 and 39.1.
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Risk Transfer Date means the date when the risk of loss of or damage to the works passes from the Contractor to the Employer.
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Risk Transfer Date. Means the date when the risk of loss of or damage to the WORKS passes from the CONTRACTOR to the COMPANY in accordance with Clause 21.4 hereof.
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Risk Transfer Date means 12:01 am Central Time on January 1, 2020, or such other date set forth in the Receivership Court’s order approving this Agreement.
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Risk Transfer Date means the date when the risk of loss of or damage to the Works passes from the Contractor to the Employerin accordance with Sub-Clause 39.1
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