Definitive Engineering Study (XXX) Sample Clauses

Definitive Engineering Study (XXX). The CONCESSIONAIRE shall prepare the EDI which shall be approved by the GRANTOR, prior OSITRAN’s opinion. The EDI shall be prepared based on the Technical Proposal and the pre-investment studies deemed feasible by MTC’s General Office of Planning and Budget Plan according to the specifications set forth in this Contract. The CONCESSIONAIRE shall submit the EDIs of the “Opening” Stage” not later than three hundred (300) Calendar Days as from the Closing Date. The EDIs shall contain at least what is indicated in Annex 21 of this Contract. The CONCESSIONAIRE shall verify in advance that the provisions of the EDI maintain the feasibility of the project within the framework of the National Public Investment System (SNIP, by its Spanish acronym) THE CONCESSIONARE shall submit the EDIs to the GRANTOR with a copy to OSITRAN on the date indicated in the preceding paragraph for its corresponding evaluation and issuance of opinion. The GRANTOR shall have a maximum of thirty (30) Calendar Days, as from the receipt date of the EDI, in order to make his pronouncement. OSITRAN shall have a maximum of thirty (30) Calendar Days to make its pronouncement concerning the EDIs. The approval of EDIs by the GRANTOR shall be subject to the compliance of the Minimum Technical Requirements indicated in Annex 8 of this Contract. In case, there are observations to the EDIs, the CONCESSIONAIRE shall have a maximum of ten (10) Calendar Days to correct the observations made by the GRANTOR, as from the date when they were duly notified. Next, the GRANTOR shall have ten (10) calendar days, as from the date when XXXXXXX’s opinion was received to evaluate the corrections submitted by the CONCESSIONAIRE. For this purpose, OSITRAN shall have a maximum of ten (10) Calendar Days as from the date when the corrections were sent in order to pronounce itself. Once the above-mentioned term of the preceding section ends; and should the CONCESSIONAIRE and the GRANTOR fail to agree about the corrections of the observations in the EDIs, it can be considered a technical dispute that can be submitted to arbitration according to what is indicated in Section Sixteen. In case the GRANTOR, prior XXXXXXX’s opinion, agrees about the corrections of the observations to the EDIs, the CONCESSIONAIRE shall approve them.
Sample 1
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Related to Definitive Engineering Study (XXX)

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Feasibility Study Buyer will, at Buyer's expense and within ____ days from Effective Date ("Feasibility Study Period"), determine whether the Property is suitable, in Buyer's sole and absolute discretion, for ___________________ use. During the Feasibility Study Period, Buyer may conduct a Phase I environmental assessment and any other tests, analyses, surveys and investigations ("Inspections") that Buyer deems necessary to determine to Buyer's satisfaction the Property's engineering, architectural and environmental properties; zoning and zoning restrictions; subdivision statutes; soil and grade; availability of access public roads, water, and other utilities; consistency with local, state and regional growth management plans, availability of permits, government approvals, and licenses; and other inspections that Buyer deems appropriate to determine the Property's suitability for the Buyer's intended use. If the Property must be rezoned, Buyer will obtain the rezoning from the appropriatx xxxernment agencies. Seller will sign all documents Buyer is required to file in connection with development or rezoning approvals. Seller gives Buyer, its agents, contractors and assigns, the right to enter the Property at any time during the Feasibility Study Period for the purpose of conducting inspections; provided, however, that Buyer, its agents, contractors and assigns enter the Property and conduct inspections at their own risk. Buyer will indemnify and hold Seller harmless from xxxxes, damages, costs, claims and expenses of any nature, including attorney's fees, expenses and liability incurred in application for rezoning or related proceedings, and from liability to any person, arising from the conduct of any and all inspections of any work authorized by Buyer. Buyer will not engage in any activity that xxxxx result in a construction lien being filed against the Property without Seller's prior written consent. If this transaction does not close, Buyer will, at Buyer's expense, (1) repair all damages to the Property resulting from the Inspections and return the Property to the condition it was in prior to conduct of the Inspections, and (2) release to Seller all reports and other work generated as a result of the Inspections. Buyer will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Buyer's determination of whether or not the Properxx xx acceptable. Buyer's failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer's intended use in its "as is" condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Contract will be deemed terminated as of the day after the Feasibility Study period ends and Buyer's deposit(s) will be returned after Escrow Axxxx receives proper authorization form all interested parties.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Geotechnical Engineer « »« » « » « » « » « »

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • TECHNICAL TASKS Products that require a draft version are indicated by marking “(draft and final)” after the product name in the “Products” section of the task/subtask. If “(draft and final)” does not appear after the product name, only a final version of the product is required. Subtask 1.1 (Products) describes the procedure for submitting products to the CAM.

  • Technical Specification As enumerated in Special Conditions of Contract/Scope of Work/attached Drawing/ Details/Schedule of Rates.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.

  • Shop Drawings and Samples a. Record date of receipt of Samples and approved Shop Drawings.

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

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