Common use of Breach Caused by Employees and Penalty Clause in Contracts

Breach Caused by Employees and Penalty. 12.2.1 During the Development Period and Project Term, the Private Party shall take all the necessary appropriate measures to ensure that its staff adhere to, abide by and comply with the Regulatory Provisions and sound conservation and commercial principles. Without derogating from the generality of the foregoing, sound conservation principles include the Conservation Management of the Park and sound commercial principles include such practices that enhance the Private Party’s ability to conduct business in accordance with the provisions of the PPP Agreement.

Breach Caused by Employees and Penalty. 12.2.1 During the Development Period and Project Term, the Private Party shall take all the necessary appropriate measures to ensure that its staff adhere to, abide by and comply with the Regulatory Provisions and sound conservation and commercial principles. Without derogating from the generality of the foregoing, sound conservation principles include the Conservation Management of the Park and sound commercial principles include such practices that enhance the Private Party’s ability to conduct business in accordance with the provisions of the PPP Agreement.