Build-Operate-Share Clause Samples

Build-Operate-Share. Transfer (▇▇▇▇) In a ▇▇▇▇ contract, a concession or a franchise is granted to a private company by a government to finance and build or modernize a specific port/terminal for a certain period of time. The revenue, which is obtained from terminal operations throughout the concession period, is shared with a designated public authority. Additionally, the commercial risks are shared between the government/public authority and the concessionaire. The government regains ownership of the improved asset at the end of the concession period. An example of ▇▇▇▇ comes from the proposal of BCC Shipping & Shipbuilding Ltd and its UK partners for developing Tadri Mini Seaport at Karnataka State in India.11 Additional structures for concession agreements include: BLTM (Build, Lease, Transfer, Maintain), BOOR (Build, Own, Operate, Remove), LROT (Lease, Renovate, Operate, Transfer),DBFO (Design, Build, Finance, Operate), DCMF (Design, Construct, Manage, Finance) and DBFOM (Design, Build, Finance, Operate, Manage) etc. However, because of the limitation of words, they will not be explained in detail here.
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Related to Build-Operate-Share

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Management and Operation of Business Section 7.1 Management 61 Section 7.2 Replacement of Fiduciary Duties 63 Section 7.3 Certificate of Limited Partnership 63 Section 7.4 Restrictions on the General Partner’s Authority 63 Section 7.5 Reimbursement of the General Partner 64 Section 7.6 Outside Activities 65 Section 7.7 Indemnification 65 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner 70 Section 7.11 Purchase or Sale of Partnership Interests 70 Section 7.12 Registration Rights of the General Partner and its Affiliates 71 Section 7.13 Reliance by Third Parties 73

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Commercial Operation (i) On or before December 31, 2021, Interconnection Customer must demonstrate commercial operation of all generating units. Demonstrating commercial operation includes achieving Initial Operation in accordance with Section 1.4 of Appendix 2 to this ISA and making commercial sales or use of energy, as well as, if applicable, obtaining capacity qualification in accordance with the requirements of the Reliability Assurance Agreement Among Load Serving Entities in the PJM Region.

  • PROFESSIONAL IMPROVEMENT The parties’ support the principle of continuing training of teachers, participation by teachers in professional organizations in the areas of their specialization, leaves for work on advanced degrees or special studies, foreign travel and participation in community educational projects.