Examples of Development Obligations in a sentence
The Mandatory Development Obligations shall enter into commercial service on Project COD whereupon the Concessionaire shall be entitled to provide Hospitality Services and charge Revenue from the Users, subject to compliance with Applicable Laws, Applicable Permits, Good Industry Practice and provisions of this Agreement.
The Concessionaire shall undertake the Mandatory Development Obligations, where the Development Works shall commence from the Appointed Date and shall be completed in accordance with the Project Completion Schedule as set forth in Schedule G.
Notwithstanding the above, the Concessionaire shall keep all unaffected parts of the Mandatory Development Obligations open provided they can be operated safely.
Such Drawings shall be prepared in accordance with the Specifications and Standards and in accordance with the Project Completion Schedule and the Development Obligations.
To operate and maintain the Project Facilities, within the specified Concession Period and to keep the Mandatory Development Obligations ready to use (i.e. operational & functional) in all respects during the Concession Period.