Minimum Development Obligations Sample Clauses

Minimum Development Obligations. 6.2.1 The Developer shall be obliged to complete the construction of the Minimum Development Obligations in accordance with this Agreement, including without limitation, the Technical Specifications, Approved Drawings and Plan, and Applicable Permits, within 8 (eight) years from Commercial Operations Date of the Minimum Facilities (“Scheduled Construction Period-MDO”). 6.2.2 In the event that the Developer does not achieve the Completion of the Minimum Development Obligations prior to expiry of the Scheduled Construction Period- MDO unless the delay is on account of reasons solely attributable to the Mandi Board or due to Force Majeure, otherwise the Developer shall pay damages to the Mandi Board of a sum calculated at the rate of Rs. 40,000 for delay of each day until Completion of Minimum Development Obligation is achieved. 6.2.3 In the event that the Minimum Development Obligations are not completed within 360 days from the expiry of the Scheduled Construction Period-MDO, unless the delay is on account of reasons solely attributable to the Mandi Board or due to Force Majeure, otherwise the Mandi Board shall be entitled to terminate this Agreement.
Sample 1
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Minimum Development Obligations. The Concessionaire shall be required to develop the project site into a 3 star or above category hotel, commercial, pertinent facilities and infrastructure. The Concessionaire shall undertake development of following facilities in addition to the existing facilities with flexibility to modify the existing facilities as well (including retrofitting, if required, without effecting any structural changes to the heritage structure), to optimise operational efficiency and quality of the project. The specifications in terms of sizes and service quality shall strictly be in accordance with MoT Guidelines for relevant category / classification and / or any other local guidelines as applicable including relevant architectural standards. 1. Development of Hotel with minimum 50 rooms 2. Commercial area, food court, etc. subject to a maximum of 35% of the total Built‐up Area (BUA) 3. Fine dining restaurant 4. Gym 5. Activity Hall 6. All other facilities and infrastructure as required as per relevant category of hotel in accordance with the guidelines of Ministry of Tourism, Government of India 7. Banqueting facility 8. Upgrade the existing facilities and infrastructure in terms of quality and ambience to meet the relevant standards of 3‐star or above category hotel.
Sample 1
Minimum Development Obligations. 2.2.1 The Developer shall meet the following minimum development obligations (the “Minimum Development Obligations”) while designing, renovating, developing, augmenting the Property: a. The Developer shall upgrade/renovate/modernise the existing Project Facility and create/add other assets including overall development as required for the Property and shall make an investment of an amount equal to or greater than Rs (Rupees ). b. Commit to finance, upgrade, develop, operate, manage and maintain the Property, Project Facility and Project Asset as per Good Industry Practice from the Appointed Date. c. The Property, Project Facility and Project Asset under consideration shall be used only for providing Hospitality/Tourism services. d. Complete the Initial Phase within 1 year from the Appointed Date and Modernisation Phase within 5 years from Appointed Date. e. Augmentation/expansion/Development of the Property with prior approval from the Authority to be in line with the local building regulations, and other Applicable Laws. f. Follow the Building bye-laws and Regulation of the nearest Urban Area for additional construction/development in case the Unit/Property is located in Rural Area. g. Carry out new construction for providing additional rooms or additional facilities in the Property. h. Non-violation of all applicable Environmental Standards and Pollution Control Norms as laid down by Central / State Pollution Control Board. i. Existing local development controls, if any, will be binding if they are more limiting than the Project Specifications / Minimum Requirements. j. Operate the Project without disturbing the natural surroundings and ensuring that the local flora and fauna are not disturbed. k. Create an adequate waste disposal system for management and disposal of the waste generated through the Project. l. Responsible for maintaining hygiene and quality standards at the Property and Project Facilities and providing quality services to tourists. m. Responsible for providing adequate security for the tourists using the Project Facilities, and ensuring there is no damage or loss to Project Facilities.
Sample 1
Minimum Development Obligations. The Concessionaire shall undertake construction of atleast 4,66,833 sq.ft. of built-up area (the “Minimum Development Obligations”). The construction works shall commence from the Appointed Date and shall be completed in accordance with the Project Completion Schedule as set forth in Schedule F.
Sample 1
Minimum Development Obligations. The lessee shall have the following Minimum Development Obligations – i. The Selected Applicant shall construct minimum 25% of the maximum permissible built up area as per Clause 1 of RFP within 2 (two) years from the date of signing of this Agreement. ii. The Selected Applicant shall complete the Project (Construction of minimum 85% of the maximum permissible built up area as per Clause 1 of RFP) in all respect, shall obtain the completion certificate from NRDA, start operation of the 5 Star Deluxe Resort Project and obtain classification for 5 Star Deluxe Category from Ministry of Tourism, GoI within 4 (four) years from the signing this Agreement.
Sample 1
Minimum Development Obligations. The development milestone has been made in a way to ensure completion of development of Social and Cultural Community Centre within Three years of date of issue of NoA. i. The Developer shall secure all the required approvals permissions, NOC from the competent authority within six months from the date of execution of lease agreement ii. The Developer shall complete minimum 50% of the construction work of approved built-up area and development of project in all respect within One and a half year from the date of execution of lease agreement iii. The Developer shall complete 100% construction work of the approved built up area and commence operations of project activities in all respect within Three years from the date of execution of lease agreement
Sample 1

Related to Minimum Development Obligations

  • 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.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE 1.1.6.1. The ARCHITECT/ENGINEER shall prepare from the approved Schematic Design Studies, the Design Development Documents consisting of drawings (including at least architectural, landscaping, civil, structural, mechanical and electrical plans, building sections; and finish schedule), outline specifications following the Construction Specification Institute "CSI" Format and other necessary documents to fix and describe the size and character of the entire Project as to its site, structural, mechanical, and electrical systems, materials and other such essentials as may be appropriate, for and until approved by the State. 1.1.6.2. The ARCHITECT/ENGINEER shall conduct meetings with the State, Efficiency Vermont, and relevant members of the design team, to review the Design Development Documents for the purposes of furthering the energy efficiency objectives of the Project. 1.1.6.3. The ARCHITECT/ENGINEER shall prepare for the State a revised accounting of how the Project is responding to LEED criteria. 1.1.6.4. The ARCHITECT/ENGINEER shall submit to the State a revised Statement of Probable Construction Cost based thereon for and until approved by the State.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Development Program RWJPRI shall be [**] and have [**] in consultation with the JDAC, to select LICENSED COMPOUNDS which shall then be designated PRODUCTS for further DEVELOPMENT by RWJPRI and marketing by ORTHO and its AFFILIATES. RWJPRI shall provide KOSAN with written notice of its decision to select a LICENSED COMPOUND for DEVELOPMENT. Once a PRODUCT has been selected for further DEVELOPMENT, RWJPRI, with the advice of the JDAC, shall have the [**] right to develop the PRODUCT through STAGES O, I, II and III and shall have the [**] right to prepare and file, and shall be the owner of, all applications for MARKETING AUTHORIZATION throughout the world. During such DEVELOPMENT efforts, KOSAN will assist RWJPRI as may be mutually agreed, at RWJPRI's expense, in chemical development, formulation development, production of labeled material and production of sufficient quantities of material for STAGE O and initial STAGE I studies. RWJPRI shall exercise diligent efforts, commensurate with the efforts it would normally exercise for products with similar potential sales volume and consistent with its overall business strategy, in developing such PRODUCT in accordance with the DEVELOPMENT PLAN established by RWJPRI. In the course of such efforts RWJPRI shall, either directly or through an AFFILIATE or SUBLICENSEE to which the license shall have been extended, take appropriate steps including the following: (i) in consultation with the JDAC, select certain LICENSED COMPOUNDS for STAGE O DEVELOPMENT; and (ii) establish and maintain a program reasonably designed, funded and resourced to obtain information adequate to enable the preparation and filing with an appropriate and properly empowered national regulatory authority all necessary documentation, data and [**] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. other evidence required for IND non-rejection to commence and conduct human clinical trials of such PRODUCT. (iii) proceed following IND non-rejection to commence PHASE I, II, and III clinical trials, associated studies and such other work which RWJPRI reasonably deems to be required for subsequent inclusion in filings for MARKETING AUTHORIZATION; (iv) after such submissions are filed prosecute such submissions and file all reasonably necessary, reports and respond to all reasonable requests from the pertinent regulatory, authorities for information, data, samples, tests and the like.

  • Development Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for [ * ] Product [ * ] in the Field [ * ]. Pfizer will [ * ] with respect to the Development or Regulatory Approval of Products under this Agreement.

  • Research Term The term “

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.

  • Design Development Documents See Section 2, Part 1, Article 2.1.5.

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