During Operations Period Sample Clauses

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 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.
Sample 1
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.
Sample 1
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.
Sample 1
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
Sample 1
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 ...
Sample 1
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;
Sample 1
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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 During the Interim Period, the Seller shall cause the Company to be managed in accordance with its ordinary course of business, in accordance with Applicable Law and with past practice, so as to ensure that no act or event depending on the Company shall occur during such Interim Period which would be reasonably expected to result in a breach of the provisions of this Agreement upon their occurring prior to Closing, without prejudice and save for any transaction to be entered into or any action to be carried out pursuant to this Agreement. Unless a prior written consent is given to the Seller by the Purchaser, which consent shall not be unreasonably withheld, save for any transaction to be entered into or any action to be carried out pursuant to this Agreement, without prejudice to any different provision under this Agreement, the Seller shall procure that: (a) the Company does not issue any shares, warrants, convertible or exchangeable bonds, financial instruments or other securities or any rights relating thereto or otherwise approve or make any change in its capital structure; (b) no dividends or reserves will be declared or paid by the Company, except for an amount equal to Euro 575.000,00 (five hundred seventy-five thousand/00), pursuant to Paragraph 4.2 above; (c) except for the possible extension of the current temporary lease agreement, the Company does not sell, transfer, pledge, mortgage, lease or otherwise dispose of any assets or properties (other than inventory, products and systems sold to customers in the ordinary course of business); (d) the Company does not hire any personnel, with the exception of the hiring of personnel (a) whose hiring is in progress as of the date of this Agreement or (b) required to replace terminated employees; (e) the Company does not amend the employment agreements, collective bargaining agreements or other collective labour agreements or conventions applicable to the Company’s employees’, increase the compensation payable to the employees and the directors of the Company or grant any of them additional personal benefits, bonuses or indemnities, other than increases or benefits, bonuses or indemnities mandated by Applicable Law or by collective bargaining agreements; (f) the Company does not merge, demerge or consolidate with other companies and do not amend in any way whatsoever the by-laws; (g) the Company does not enter into any loan or other form of financing or financial facility and/or incur, assume or modify the existing indebtedness of the Company ; (h) the Company does not carry out or implement any material change in the treasury management and/or contractual payment terms to suppliers and/or by customers (including by applying discounts not in the ordinary course of business), except for any change which is more favourable to the Company; (i) the Company does not enter into factoring agreements and/or financial leases agreements; (j) the Company does not enter into any legally binding commitment with respect to any of the foregoing.

  • 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)

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Unbroken Vacation Period An Employee shall receive an unbroken period of vacation unless mutually agreed upon between the Employee and the Employer.

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