Conditions to Commencement of Construction Work. Developer shall not commence or permit commencement of the Construction Work, or of any portion thereof, until the Department’s issuance of NTP 2 for the Construction Work. The Department shall issue NTP 2 when all of the conditions in this Section 4.7 have been satisfied: 4.7.1 The Performance Security and Payment Security required under Sections 16.2.1.
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Conditions to Commencement of Construction Work. Developer shall not commence or permit commencement of the Construction Work, or of any portion thereof, until the Department’s issuance of NTP 2 3 for the Construction Work. The Department shall issue NTP 2 when 3 within five days after all of the conditions in this Section 4.7 have been satisfied:
4.7.1 Developer has achieved Financial Close and made the payment to the Department required under Section 2.3;
4.7.2 The Performance Security and Payment Security Bond required under Sections 16.2.1.
Appears in 1 contract
Samples: Public Private Partnership Agreement
Conditions to Commencement of Construction Work. Developer shall not commence or permit commencement of the Construction Work, or of any portion thereof, until the Department’s issuance of NTP 2 3 for the Construction Work. The Department shall issue NTP 2 when 3 within five days after all of the conditions in this Section 4.7 have been satisfied:
4.7.1 Developer has achieved Financial Close and made the payment to the Department required under Section 2.3;
4.7.2 The Performance Security and Payment Security Bond required under Sections 16.2.1.
Appears in 1 contract
Samples: Public Private Partnership Agreement
Conditions to Commencement of Construction Work. Developer shall not commence or permit commencement of the Construction Work, or of any portion thereof, until the Department’s issuance of NTP 2 3 for the Construction Work. The Department shall issue NTP 2 when 3 within five days after all of the conditions in this Section 4.7 have been satisfied:
4.7.1 Developer has achieved Financial Close and made the payment to the Department required under Section 2.3;
4.7.2 The Performance Security and Payment Security Bond(s) required under Sections 16.2.1.16.2.1.1
Appears in 1 contract
Samples: Public Private Partnership Agreement
