Common use of Development Obligations of the Developer Clause in Contracts

Development Obligations of the Developer. 5.4.1 The Developer shall complete the renovation and operationalize all the Project Facilities and obtain the Project Completion Certificate according to the schedule approved in the Project Implementation Plan by the Authority (“Scheduled Commercial Operation Date”). Except for reasons of a Force Majeure Event and reasons attributable to the Authority, the Developer shall not be entitled to any extension of time in the above period.

Development Obligations of the Developer. 5.4.1 The Developer shall complete the renovation and operationalize all the Project Facilities and obtain the Project Completion Certificate according to within 60 (sixty) days from the schedule approved in date of approval of the Project Implementation Plan by the Authority (“Scheduled Commercial Operation Date”). Except for reasons of a Force Majeure Event and reasons attributable to the Authority, the Developer shall not be entitled to any extension of time in the above period.

Development Obligations of the Developer. 5.4.1 The Developer shall complete the renovation and operationalize all the Project theProject Facilities and obtain the Project Completion Certificate according to the schedule approved in the Project Implementation Plan by the Authority (“Scheduled Commercial Operation Date”). Except for reasons of a Force Majeure Event and reasons attributable to the Authority, the Developer shall not be entitled to any extension of time in the above periodaboveperiod.