Optional Development Sample Clauses

Optional Development. I. The Concessionaire shall, subject to Applicable Laws, Applicable Permits, prior written approval of the Authority, be entitled to undertake in accordance with terms herein, and at its sole risk, and cost the development, operation and maintenance of the additional beds and/ or any non-obligated specialty service(s) at the Hospital, and / or, a Medical College, and/or additional housing blocks for doctors and paramedical staffs and Students, at the Site as set forth in the Schedule A ; which Concessionaire to be developed in conformity with the Specification and Standards set forth in the Schedule B (referred in this Agreement as "Optional Development"). For avoidance of doubt, in regard to the Option al Development, the Parties hereby unconditionally agree, confirm and understand that the Concessionaire shall, subject always to terms herein and full compliance with Applicable Laws, be entitled to undertake the development of optional component of the Medical College at any time during the Concession Period. The Parties further in this regard agree that Authority shall solely for the purpose of meeting part(s) of the capital cost of the Medical College, upon written request by Concessionaire clearly demonstrating its complete compliance with Applicable Laws and terms herein, disburse (in tranches) an interest bearing (viz, highest G Sec Rate as per latest RBI published bulletin) repayable loan facility to Concessionaire of the value equivalent to lower of:- (i) 50% of the then Authority’s estimated capital cost of development of Medical College, as would be determined by Authority in its discretion; and (ii) the sum of INR 00 (Xxxxxxx Xxxx) Xxxxxx; (hereinafter the “Loan Facility”) in accordance with terms hereof; provided, that, prior to the commencement of such disbursement(s) of any tranche the Concessionaire shall furnish relevant bank guarantee(s) of value equivalent to 110% of the relevant amount being disbursed in such tranche, to be issued by a Scheduled Bank in India as per the format enclosed herein as Schedule V (“Optional Development Guarantee”)1, each having respective validity period till expiry of corresponding repayment timeline as set out later at S. No (III) below. II. The Concessionaire shall prior to undertaking the commencement of development of Medical College in accordance with this Agreement prepare, submit and procure approval of Independent Engineer on the detailed project report (DPR) prepared in respect of development of the M...
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Optional Development. 12.4.1 The Concessionaire shall, subject to provisions of this Agreement including Clause 2.1(e) hereof have the right to exercise an option of undertaking construction of Medical College anytime during the Concession Period subject to fulfilment of Medical Council of India/competent authority’s requirement in respect of development of Medical College. The Concessionaire shall, subject to aforesaid provision, only commence the construction for Optional Development post receiving written approval from the Authority. Provided, however, such approval from Authority, if granted shall be without prejudice to Concessionaire’s obligation towards inter alia operation and maintenance of Mandatory Phases of the Project in accordance with provisions of this Agreement. 12.4.2 At any time during the Concession Period, the Concessionaire has, subject to and in accordance with terms hereof, an option to undertake the Optional Development. All the terms, conditions, rights and obligations of the Concessionaire in relation to construction and operation of the Project shall apply mutatis mutandis for the development and operation of the Optional Development, including, submission of periodic reports and other relevant documents to the Independent Engineer under Articles 13 and 14; provided that the construction of Optional Development is carried out in such manner that it does not prejudice the Master Plan and the Drawings. For avoidance of doubt, it is clarified that in relation to the development and construction of Optional Development the Concessionaire shall, except as otherwise stipulated elsewhere in this Agreement, not be required to re-submit the Master Plan and the Drawings unless the Concessionaire has or intends to modify, alter or make any changes to the Master Plan and/or the Drawings.
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Optional Development. In the event that INFLARX is being granted any Regulatory Approval for Commercialization of a Product containing IFX-1 or IFX-2 anywhere in the INFLARX Territory for an Indication and if the same or a substantially similar Indication at that time is not pursued by BDB inside the BDB Territory, as evidenced by any initiated (FPFV) Phase II Clinical Trial for cPoC sponsored by BDB, with respect to BDB-1 or BDB-2, then INFLARX — upon INFLARX request in writing — shall be granted the right to pursue Regulatory Approval for and to Exploit and Commercialize such Product containing IFX-1 and or IFX-2 in that respective Indication inside the BDB Territory. In such event, BDB shall be entitled to royalty payments as set forth in Section ‎7.2. For the purpose of this provision, it is understood that a “substantially similar Indication” is concerned if there is an overlap in targeted sub-groups of patients in the Indications pursued in development of the Parties.
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Optional Development. 12.4.1 The Concessionaire shall have the right to exercise an option of undertaking construction of Optional Development anytime post COD of Phase 0 and shall only commence the construction for Optional Development post receiving written approval from the Authority. 12.4.2 At any time during the Concession Period, the Concessionaire has an option to undertake the Optional Development. All the terms, conditions, rights and obligations of the Concessionaire in relation to construction and operation of the Project shall apply mutatis mutandis for the development and operation of the Optional Development, including, submission of periodic reports and other relevant documents to the Independent Engineer under Articles 13 and 14; provided that the construction of Optional Development is carried out in accordance with the Master Plan and the Drawings. For avoidance of doubt, it is clarified that in relation to the development and construction of Optional Development the Concessionaire shall not be required to re-submit the Master Plan and the Drawings unless the Concessionaire has or intends to modify, alter or make any changes to the Master Plan and/or the Drawings.
Sample 1
Optional Development. The Concessionaire shall, subject to Applicable Laws, Applicable Permits and prior written approval of the Authority, be entitled to undertake at its sole risk and cost development, operation and maintenance of the additional beds and/ or any specialty service(s) at the Hospital and / or a Medical College at Site and additional housing blocks for doctors and paramedical staffs and Students at the Site as set forth in the Schedule A and in conformity with the Specification and Standards set forth in the Schedule B ("Optional Development"); Provided further that Optional Development may be permitted only post achieving COD of Phase III and other mandatory phases in full compliance with terms of this Agreement.
Sample 1
Optional Development. 12.4.1 The Concessionaire shall have the right to exercise an option of undertaking construction of Optional Development anytime post COD of Phase III and shall only commence the construction for Optional Development post receiving written approval from the Authority. Provided, however, such approval from Authority, if granted shall be without prejudice to Concessionaire’s obligation towards inter alia operation and maintenance of mandatory phases of the Project in accordance with provisions of this Agreement. 12.4.2 At any time during the Concession Period, the Concessionaire has an option to undertake the Optional Development. All the terms, conditions, rights and obligations of the Concessionaire in relation to construction and operation of the Project shall apply mutatis mutandis for the development and operation of the Optional Development, including, submission of periodic reports and other relevant documents to the Independent Engineer under Articles 13 and 14; provided that the construction of Optional Development is carried out in accordance with the Master Plan and the Drawings. For avoidance of doubt, it is clarified that in relation to the development and construction of Optional Development the Concessionaire shall not be required to re-submit the Master Plan and the Drawings unless the Concessionaire has or intends to modify, alter or make any changes to the Master Plan and/or the Drawings.
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Related to Optional Development

  • Professional Development 9.01 Continuous professional development is a hallmark of professional nursing practice. As a self-regulating profession, nursing recognizes the importance of maintaining a dynamic practice environment which includes ongoing learning, the maintenance of competence, career development, career counselling and succession planning. The parties agree that professional development includes a diverse range of activities, including but not limited to formal academic programs; short-term continuing education activities; certification programs; independent learning committee participation. The parties recognize their joint responsibility in and commitment to active participation in the area of professional development.

  • Professional Development Plan Professional Development Plan (PDP) refers to plans developed by faculty members addressing the criteria contained in Article 22 and Appendix G.

  • Professional Development Program (a) The parties agree to continue a Professional Development Program for the maintenance and development of the faculty members' professional competence and effectiveness. It is agreed that maintenance of currency of subject knowledge, the improvement of performance of faculty duties, and the maintenance and improvement of professional competence, including instructional skills, are the primary professional development activities of faculty members. (b) Information collected as part of this program shall be the sole property of the faculty member. This information or any judgments arising from this program shall not be used to determine non-renewal or termination of a faculty member's contract, suspension or dismissal of a faculty member, denial of advancement on the salary scale, nor affect any other administrative decisions pertaining to the promotion or employment status of the faculty member. (c) A joint advisory committee consisting of three regular faculty members who shall be elected by and are P.D. Committee Chairpersons and three administrators shall make recommendations for the operation, financing and management of the Professional Development Program.

  • Professional Development Days Upon request, each Employee shall be granted at least three (3) professional development days annually for professional development, at the Basic Rate of Pay. An Employee shall be advised, prior to taking any professional development days of any transportation, registration fees, subsistence and other expenses that will be paid by the Employer. Such hours not used in each fiscal year shall not be carried forward into subsequent years. Applications for such paid professional development opportunities shall be made in writing, to the Employer as early as possible.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Professional Development Fund Article 20

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.

  • Subsequent Developments After the date of this Contract and until the Closing Date, Seller shall use best efforts to keep Buyer fully informed of all subsequent developments of which Seller has knowledge (“Subsequent Developments”) which would cause any of Seller’s representations or warranties contained in this Contract to be no longer accurate in any material respect.

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • Professional Development Committee There shall be a Professional Development Committee composed of two (2) members of the Association one of whom shall be the Bargaining Unit President or designate and two (2) representatives of the Hospital one of whom shall be the Chief Nursing Officer or designate and one human resources representative.

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