PROJECT PRINCIPLES Sample Clauses

PROJECT PRINCIPLES. Responsibilities
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PROJECT PRINCIPLES. 2.1 The STC Option and the TWBC Option have been entered into simultaneously with completion of this MOU and KCC has the ability to call for the transfer of the STC Land and the TWBC Land to be transferred to KCC. The STC Land and the TWBC Land may only be used for the Project. 2.2 The Partners intend that the Land will be developed as the Project. 2.3 The Partners agree that the Residential Development is the enabling development and it is intended that the proceeds of sale from the Residential Development shall pay for the costs of the rest of the Project. 2.4 KCC agree that any overage that it is entitled to in respect of any part or parts of the STC Land shall be waived. 2.5 The Partners agree to use reasonable endeavours to maximise the market value of the Residential Development. 2.6 The overall contributions of the Partners shall be considered to be based on the total land area contributed by each Partner. The contributions are detailed in Schedule 2 (Financial Contributions). 2.7 The Project Board shall authorise KCC to procure surveys, valuations and other professional services on behalf of the Partners in order to submit planning applications. 2.8 Any planning application and all plans and drawings must be approved by the Project Board prior to their submission to the local planning authority. 2.9 At the point in the development of the Project where STC is required to vacate the part of the TWBC Land known as 000 Xxxxxx Xxxx, XXXX shall provide STC with temporary office accommodation until the new office part of the Project is completed and ready for occupation by STC. 2.10 Following the completion of the development the following terms shall apply and the Development Agreement shall provide that : a. STC will have the option to purchase the completed Project excluding the sports pavilion and Yew tree Road car park from KCC for £1 subject to a new lease being granted to KCC of the library building for 99 years at a peppercorn rent. The lease will contain provision for KCC to contribute to the Project service charge at an appropriate level. b. TWBC will have the option to purchase the Yew Tree Road car park (forming part of the TWBC Land) for £1 or will be granted a long term lease of the same at a peppercorn rent c. KCC will have the option to retain the completed sports pavilion within its separate ownership or (of the freehold is transferred to STC) KCC will be granted a long lease at a peppercorn rent. d. Any tenants within the scheme will be ...
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PROJECT PRINCIPLES. 7.1 In accordance with the above aims, the project will have the following objectives: • To maximise community use of the facilities outside school core hours during term time, school holidays, evenings and weekends. • To promote and operate a balanced programme of sports development by providing opportunities for beginners, for people wishing to improve their sporting skills through competition and training for players. • To promote and establish a structured programme of Community Sports Development Initiatives aimed at attracting new participants to sport and active leisure, particularly from the following target groups: Young people; Ethnic minorities; People with disabilities; Other specified target groups agreed between the parties to this Agreement. 7.2 To operate a balanced programme of use which satisfies school curriculum and extra-curricular sports needs and provides for a wide range of community sports use (where feasible) including provision for both sports development initiatives run in conjunction with partners and organised club sessions for local clubs and teams.
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PROJECT PRINCIPLES. 2.1 The STC Option and the TWBC Option have been entered into simultaneously with completion of this MOU and KCC has the ability to call for the transfer of the STC Land and the TWBC Land to be transferred to KCC. The STC Land and the TWBC Land may only be used for the Project. 2.2 The Partners intend that the Land will be developed as the Project. 2.3 The Partners agree that the Residential Development is the enabling development and it is intended that the proceeds of sale from the Residential Development shall pay for the costs of the rest of the Project. 2.4 KCC agree that any overage that it is entitled to in respect of any part or parts of the STC Land shall be waived. 2.5 The Partners agree to use reasonable endeavours to maximise the market value of the Residential Development. 2.6 The overall contributions of the Partners shall be considered to be based on the total land area contributed by each Partner. The contributions are detailed in Schedule 2 (Financial Contributions). 2.7 The Project Board shall authorise KCC to procure surveys, valuations and other professional services on behalf of the Partners in order to submit planning applications. 2.8 Any planning application and all plans and drawings must be approved by the Project Board prior to their submission to the local planning authority. 2.9 Following the completion of the development the following terms shall apply and the Development Agreement shall provide that :
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PROJECT PRINCIPLES. 3.1. Each Party agrees that the principles underpinning the Programme are to act collaboratively in the procurement of Commissioned Services and the management of services in order to support the Parties in achieving their objectives. 3.2. The Parties agree to adopt the following principles when carrying out the Programme (Principles): 3.2.1. collaborate and co-operate. Establish and adhere to the governance structure set out in this MoU to ensure that activities are delivered and actions taken as required; 3.2.2. be accountable. Take on, manage and account to each other for performance of the respective roles and responsibilities set out in this MoU;
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PROJECT PRINCIPLES. There are several overall principles that will guide the Project:  The LRFS must meet the strategic needs and support the mission, values, goals, and strategies of ODOT, found online at: xxxx://xxx.xxxxxx.xxx/odot/Pages/about_us.aspx.  The Project will promote collaboration, efficiency, and transparency in capital investment planning, and strategic decision-making.  The LRFS will not be developed as a static product. Agency intends to continue to update and amend the work product as business needs evolve and data availability, tools, processes, coordination, and investment priorities are improved over time.  The core principles of the LRFS should be applicable even when Agency policies, strategic goals, and leadership change.
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Related to PROJECT PRINCIPLES

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • General Principles Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Operating Principles During the Term of a Site, Tower Operator shall manage, operate and maintain such Site (including with respect to the entry into, modification, amendment, extension, expiration, termination, structuring and administration of Ground Leases and Collocation Agreements related thereto), (i) in the ordinary course of business, (ii) in compliance with applicable Law in all material respects, (iii) in a manner consistent in all material respects with the manner in which Tower Operator manages, operates and maintains its portfolio of telecommunications tower sites and (iv) in a manner that shall not be less than the general standard of care in the tower industry. Without limiting the generality of the foregoing, during the Term of a Site, except as expressly permitted by the terms of this Agreement, Tower Operator shall not without the prior written consent of the AT&T Lessors (A) manage, operate or maintain such Site in a manner that would (x) diminish the expected residual value of such Site in any material respect or shorten the expected remaining economic life of such Site, in each case determined as of the expiration of the Term of such Site, or (y) cause such Site or a substantial portion of such Site to become “limited use property” within the meaning of Rev. Proc. 2001-28, 2001-1 C.B. 1156 (except, in the case of this clause (y), as required by applicable Law or any Governmental Authority), (B) structure any related Ground Lease in a manner such that the amounts payable thereunder are above fair market value during any period following or upon the expiration of the Term of such Site (without regard to any amounts payable prior to the expiration of the Term of such Site) or (C) structure any related Collocation Agreement in a manner such that the amounts payable thereunder are structured on an initial lump-sum basis (if such amounts payable are not capital contributions or other upfront payments for capital improvements to a Site related to the use of such Site by the collocator under such Collocation Agreement) or are otherwise less than fair market value during any period following or upon expiration of the Term of such Site (without regard to any amounts payable prior to the expiration of the Term of such Site), in each case unless otherwise expressly authorized by the terms and conditions of this Agreement and the Transaction Documents.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles: (a) provide for investment liberalisation, protection, investment promotion and facilitation; (b) progressive liberalisation of investment with a view towards achieving a free and open investment environment in the region; (c) benefit investors and their investments based in ASEAN; (d) maintain and accord preferential treatment among Member States; (e) no back-tracking of commitments made under the AIA Agreement and the ASEAN IGA; (f) grant special and differential treatment and other flexibilities to Member States depending on their level of development and sectoral sensitivities; (g) reciprocal treatment in the enjoyment of concessions among Member States, where appropriate; and (h) accommodate expansion of scope of this Agreement to cover other sectors in the future.

  • Construction Schedule The progress schedule of construction of the Project as provided by Developer and approved by District.

  • Project Changes Project changes prior to bid opening shall be made by addendum to plans and specifications. Changes after bid opening shall be made by change order. The Local Government shall submit all addenda and all change orders to the Department for an eligibility determination. After execution of all construction, equipment and materials contracts, the Project contingency may be reduced.