During Operations Period Clause Samples

During Operations Period. During the Operations Period, the Developer shall, on quarterly basis commencing from the Commercial Operation Date, prepare and submit to the Maintenance Review Committee/JTDCL a quarterly progress report, for the succeeding quarter. The quarterly progress report shall inter-alia provide following; i. maintenance plan for the Project Facility for the next quarter and a report on maintenance carried out during the previous quarter (including a commentary on any material deviation from expected maintenance activities as set out in the maintenance plan) ii. details of costs or expenses of operations, maintenance and other repairs incurred in that quarter or expected to be incurred in the following quarter on the Project Facility; iii. Number of visitors on each of the days during the previous quarter; iv. Compliance with the Operation Requirement; v. Copies of new insurances and any insurance renewed; vi. Details of Force Majeure Event, if any, which has occurred or which is imminent and fortnightly updates with respect to it as long as it continues or is imminent; vii. Details of any actual, pending or threatened material litigation, arbitration, claim or labour dispute relating to Project; viii. Details of the notices, if any issued under this Agreement; and ix. Any other information which JTDCL may specifically sought to be given by the Developer.
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During Operations Period. (i) Loss, damage or destruction of the Project Facilities/Project at replacement value or full market value (including fire, burglary, standard and special peril); (ii) The Licensee’s general liability arising out of the License;
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During Operations Period. (if in case of DBOT) (i) For the purpose of Operations and Management of the various Project Facilities, the following guidelines shall be applicable including sharing of “Gross Revenues”. (ii) Subject to the provisions of this Agreement, the Concessionaire is entitled to levy, demand and collect Fees from the users of the Project facility at the rate agreed with or approved by NGS / SMC. The rate of Fee agreed or approved by NGS / SMC shall be conspicuously displayed outside as well as inside the premises of the Project Facility. Sports Indoor as well Concessionaire Concessionaire Free of charge SMC-10% Facilities as outdoor usage for: Concessionaire FOP, Seating, State/ Zonal/ -90% Change National/ rooms and International Toilets in the events approved same block by KSSC/ Directorate of Sports/ CPT for maximum 45 days yearly Meetings of KSSC/ Directorate of Sports/ CPT for maximum 15 days yearly Coaching camps (as noted below) Support Guest rooms Concessionaire Concessionaire 50% discount for SMC-10% Facilities and Dormitory use by Concessionaire KSSC/Directorate -90% of Sports/ CPT, subject to availability Commercial Any Concessionaire Concessionaire Space reserved SMC-10% Facilities & commercial for 10 CPT/ Concessionaire Parking space and KSSC/Directorate -90% open as well of Sports vehicles as covered vehicle parking 1. During usage of the whole or any part of the Sports facilities by KSSC/ Directorate of Sports/ CPT, the electricity, water, fuel and other consumable/ utility expenses for used portion shall be reimbursed by SMC within 30 days to the Concessionaire on actual basis. 2. For any usage of the whole or any part of the Sports or Support facilities by KSSC/ Directorate of Sports/ CPT, at least 30 days advance notice should be given to the Concessionaire. 3. For the purpose of coaching camps, the facility shall be provided for all KSSC/ Directorate of Sports and CPT approved events during off-peak or non-usage hours on zero rent basis. However, electricity, water and labor charges if any are applicable. This shall be limited to a maximum of 90 days annually and maximum of 30 continuous days. Off-peak hours would mean 1000-1500hours Indian Standard Time each day during Monday to Friday. 4. The Concessionaire may contract with an outside agency for naming/ branding rights of the whole or any part of the Project/ Project Facility, with prior written approval of SMC. In that case, SMC shall get 30% share in the revenues, whether received in cash ...
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During Operations Period. The “Operations Period” shall mean the period between Operations Period Commencement Date and the Expiration Date. Commencing on the day after the end of the Construction Period (“Operations Period Commencement Date”), Tenant shall pay to Landlord the amount of [TBD; the product of 7.5% and the current Fair Market Value of the Premises] Dollars ([$ ]) as annual Ground Lease Rent, resulting in a monthly Ground Lease Rent payment in the amount of [TBD; the product of 7.5% and the current Fair Market Value of the Premises] Dollars ([$ ]). The amount of the Ground Lease Rent shall be subject to increase on each Rent Regular Adjustment Date and on each Appraisal Rent Adjustment Date, as provided in this Section 4.1.
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During Operations Period. (i) Loss, damage or destruction of the Project Facilities/Project at replacement value or full market value (including fire, burglary, standard and special peril); (ii) The Concessionaire’s general liability arising out of the Concession; (iii) Liability to third parties Apart from the above Concessionaire shall take any other insurance that may be necessary to protect the Concessionaire and its employees and its assets, including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (b) above.
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During Operations Period. The Concessionaire will submit the following reports during the Operations Period to the Authority: a. Monthly report on the performance as against Service Requirements; and b. Yearly audited balance sheet and profit & loss statements with all schedules, in a format as described by Securities and Exchange Board of India for any listed entity 1 The list is an indicative one, the Authority may stipulate its own requirement I/We, ****************************** (Name of Authority) acting as Authority on the Project “Appointment of the Concessionaire for implementation of She Lounge’ Project at Ujjain on design, build, finance, operate and transfer (DBFOT) basis” through the Concessionaire (Name of the Concessionaire) hereby issue this Readiness Certificate in terms of Article Error! Reference source ot found. of the Concession Agreement since the said Project has been completed and successfully tested as per Schedule O as stipulated in the said Concession Agreement and is ready for commissioning as provided in the Concession Agreement dated (Date of Agreement) between the said Concessionaire and the Authority. The date of issue of this Readiness Certificate shall be the COD for Project, as defined in the said Concession Agreement. Dated: ************************ (Date of issue) Authority a. PROVISIONAL READINESS CERTIFICATE SCHEDULE L: DIVESTMENT REQUIREMENT Divestment Requirements
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During Operations Period. (if in case of BOT) (i) For the purpose of Operations and Management of the various Project Facilities, the following guidelines shall be applicable including sharing of “Gross Revenues”. (ii) Subject to the provisions of this Agreement, the Concessionaire is entitled to levy, demand and collect Fees from the users of the Project facility at the rate agreed with or approved by NGS / SMC. The rate of Fee agreed or approved by NGS / SMC shall be conspicuously displayed outside as well as inside the premises of the Project Facility.
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Related to During Operations Period

  • Ongoing Operations From the Effective Date through Closing:

  • Continuous Operations Any employee or group of employees engaged in an operation for which there is regularly scheduled employment on a twenty-four (24) hour a day, seven (7) day a week basis shall be known as continuous operations employees.

  • Interim Period (a) During the period commencing on the date of this Agreement and ending with the earlier to occur of the Closing Date or the termination of this Agreement in accordance with its terms, the Company agrees that it will, except as set forth on Schedule 3.3(a): (i) carry on its respective businesses in substantially the same manner as it has heretofore and not introduce any material new method of management, operation or accounting; (ii) maintain its respective properties and facilities, including those held under leases, in as good working order and condition as at present, ordinary wear and tear excepted; (iii) perform all of its respective obligations under agreements relating to or affecting its respective assets, properties, or rights; (iv) keep in full force and effect present insurance policies or other comparable insurance coverage; (v) use its best efforts to maintain and preserve its business organization intact, retain its respective present key employees, and maintain its respective relationships with suppliers, customers, and others having business relations with it; (vi) maintain compliance with all permits laws, rules and regulations, consent orders, and all other orders of applicable courts, regulatory agencies, and similar governmental authorities; (vii) maintain present debt and lease instruments and not enter into new or amended debt or lease instruments; and (viii) maintain present salaries and commission levels for all officers, directors, employees and agents. (b) During the period commencing on the date of this Agreement and ending with the earlier to occur of the Closing Date or the termination of this Agreement in accordance with its terms, the Company agrees that it will not, except as set forth on Schedule 3.3(b): (i) make any change in its Certificate or Articles of Incorporation or Bylaws; (ii) issue any securities, options, warrants, calls, conversion rights or commitments relating to its securities of any kind; (iii) declare or pay any dividend, or make any distribution in respect of its stock whether now or hereafter outstanding, or purchase, redeem or otherwise acquire or retire for value any shares of its stock or declare any dividends or make any distributions (other than S Corporation distributions), nor pay out any extraordinary bonuses in excess of pro rata bonuses customarily paid, or fees, or commissions to the Shareholders, directors, management or other personnel; (iv) sell, assign, lease, or otherwise transfer or dispose of any property or equipment except in the normal course of business; (v) negotiate for the acquisition of any business or the start-up of any new business; (vi) merge or consolidate or agree to merge or consolidate with or into any other corporation; (vii) waive any material rights or claims; (viii) commit a material breach of or amend or terminate any material agreement or Permit; (ix) enter into any other transaction outside the ordinary course of its business consistent with past business practice or prohibited hereunder; or (x) change its accounts receivable collection practice or factor its accounts receivable in any way.

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Services Included in Annual Fee Per Fund Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update)