Sustainability Commitments. (a) The Parties acknowledge that each Relevant Ministry has undertaken in the Sustainability Commitments Agreement to comply with or achieve (as applicable) the Sustainability Commitments falling within its respective competencies as set out in the Sustainability Commitments Agreement by the relevant Original Deadline for Compliance as the same may be extended to the relevant Extended Deadline for Compliance and, in respect of the Ongoing Sustainability Commitments falling within its respective competencies, maintain compliance thereafter for the applicable period specified in the Sustainability Commitments Agreement.
(b) The Parties agree that, in the event a Grace Period or a Remedy Period is approved by the Project Manager in relation to an Original Deadline for Compliance or an Extended Deadline for Compliance (as applicable) for a Sustainability Commitment under the Sustainability Commitments Agreement in accordance with its terms, upon the Facility Agent being notified of any such Grace Period or Remedy Period and forwarding such notice to the Parties, DFC and IADB, each such Grace Period or Remedy Period (as applicable) shall apply without any further consent required.
(c) The Borrower agrees that any failure by a Relevant Ministry to comply with or achieve (as applicable) any Sustainability Commitment falling within its respective competencies or, in respect of the Ongoing Sustainability Commitments falling within its respective competencies, maintain compliance with them, pursuant to the Sustainability Commitments Agreement, will:
(i) if applicable, trigger Additional Conservation Payments in accordance with Clause 6.4 (Additional Conservation Payments); and
(ii) potentially trigger an Event of Default under this Agreement (but only in accordance with Clause 19.15(a) and Clause 19.15(b) (Sustainability Commitments)).
Sustainability Commitments. In accordance with the Planning Proposal Request, Sydney Metro is committed to delivering the over station development on each site that will be designed to achieve the following sustainability commitments: a. 6-star Green Star Buildings b. 6-star XXXXXX Energy for Offices rating (Base building) (Commitment agreement) (without Green Power)
Sustainability Commitments. Developer shall implement the sustainability features identified in the Project Approvals. For ease of reference only, a list of these sustainability features is attached as Exhibit D.
