Common use of Committed Obligations Clause in Contracts

Committed Obligations. 1.1 The Committed Obligations with regard to the Local Content Obligations are provided in Table 2.2 below. TABLE 2.2 – Committed Obligations with regard to Local Content14 No. Description 200-SR- 01 Value of Local Content Spend [18%] 1.2 For purposes of Table 2.2 above, reference to Committed Obligations (Local Content Obligations) shall refer to the Seller’s undertaking and commitment that the Seller and its Contractors shall during the Construction Measurement Period ensure that the Value of Local Content Spend is not less than [18%] in relation to the Project.

Committed Obligations. 1.1 The Committed Obligations with regard to the Local Content Obligations are provided in Table 2.2 below. TABLE 2.2 – Committed Obligations with regard to Local Content14 Content13 No. Description 200-SR- 01 Value of Local Content Spend [18%] 1.2 For purposes of Table 2.2 above, reference to Committed Obligations (Local Content Obligations) shall refer to the Seller’s undertaking and commitment that the Seller and its Contractors shall during the Construction Measurement Period ensure that the Value of Local Content Spend is not less than [18%] in relation to the Project.