Common use of Project Facilities Clause in Contracts

Project Facilities. 2.2.1 The Concessionaire shall develop the Project comprising of the Project Facilities as described in detail in Schedule 3 (“Project Facilities”) which include Mandatory Development Obligations and Optional Project Facilities. 2.2.2 All the Project Facilities shall be developed as per the minimum Specifications and Standards set-out for the purpose in the Schedule 4. 2.2.3 While undertaking development of the Project, the Concessionaire shall adhere to latest amended National Building Code of India, other relevant IS Codes and practices, Development Control Regulations, FAR Limits, statutory requirements, laws of land, the principles of good industry practices and any other norms as applicable from time to time. 2.2.4 The Concessionaire shall be responsible for all the Applicable Permits and Approvals as may be required for the implementation of the Project. 2.2.5 The Concessionaire shall keep the Mandatory Development Obligations ready for operation and use within the Construction Period.