Quarterly Obligations definition

Quarterly Obligations means the levels of the Committed Obligations for each Contract Quarter, denoted in Annex 10 (Quarterly Obligations) of this Schedule 7 (Economic Development Obligations), in respect of the Economic Development Elements, determined in each case in terms of paragraph 5.2 (Economic Development Elements);
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Examples of Quarterly Obligations in a sentence

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) are attained or exceeded by it in the relevant periods.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) with regard to Socio-Economic Development, are attained or exceeded by it in the relevant periods.

  • The quantum values indicated in Annex 10 (Quarterly Obligations) in respect of these Other ED Elements are only indicative of the extent of projected quantum achievement, based on the Seller’s forecasts.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) with regard to Management Control, are attained or exceeded in the relevant periods.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) are attained or exceeded in the relevant periods.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) with regard to Job Creation, are attained or exceeded by it in the relevant periods.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) with regard to Local Content, are attained or exceeded by it in the relevant periods.

  • The Seller shall procure that the Quarterly Obligations referred to in Annex 10 (Quarterly Obligations) with regard to Ownership, are attained or exceeded by it and its Contractors in the relevant periods.

  • Within ten (10) Business Days after the Beneficiary’s receipt of the Grantor’s calculation of the Quarterly Obligations Amount and the related data, the Beneficiary may object to the Grantor’s calculation thereof by delivering written notice of such objection to the Grantor and providing a reasonably detailed explanation specifying a reasonable basis for the Beneficiary’s objection and a revised Quarterly Obligations Amount acceptable to the Beneficiary.

  • If the Grantor and the Beneficiary are unable to agree on the Quarterly Obligations Amount within such ten (10) Business Day period, then each of them shall submit its final Quarterly Obligations Amount (as modified by any partial agreement reached between the Grantor and the Beneficiary during such ten (10) Business Day period) before the end of such ten (10) Business Day period, and the operative Quarterly Obligations Amount shall be equal to the average of their final Quarterly Obligations Amounts.