Economic Development Elements Sample Clauses

The Economic Development Elements clause outlines the requirements and objectives related to fostering economic growth within a specific plan or agreement. It typically details the strategies, incentives, or benchmarks that parties must follow to promote job creation, attract investment, or support local businesses. By clearly defining these elements, the clause ensures that economic development goals are integrated into the broader project or policy, providing a structured approach to achieving sustainable economic benefits.
Economic Development Elements. 5.1 The Economic Development requirements to be met by the Seller and its Contractors in the Construction Measurement Period and the Operating Measurement Period are contained in this Schedule 2 (Economic Development Obligations). 5.2 Quarterly Obligations will:‌ 5.2.1 in the case of Job Creation, be the percentage and quantum values for each Contract Quarter as expressed in Annex 10 (Quarterly Obligations) of this Schedule 2 (Economic Development Obligations); and 5.2.2 in the case of Economic Development Elements other than Job Creation ("Other ED Elements"), be the percentage as expressed in Annex 10 (Quarterly Obligations) of this Schedule 2 (Economic Development Obligations). 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. 5.3 The Seller will: 5.3.1 be measured for compliance with the Economic Development Sub- Elements; 5.3.2 have Economic Development Performance Deductions levied in terms of paragraph 8.1 of this Schedule 2 (Economic Development Obligations) for not meeting its Quarterly Obligations in a Contract Quarter; 5.3.3 be subject to termination based on Termination Points as contemplated in clause 13.2 (Termination Points); 5.3.4 be monitored for compliance with the Quarterly Obligations; and 5.3.5 be awarded Economic Development Performance Credits in terms of paragraph 8.1 of this Schedule 2 (Economic Development Obligations) for exceeding its Quarterly Obligations in a Contract Quarter. 5.4 The Economic Development Performance Deductions and Economic Development Performance Credits will be reconciled in terms of paragraph 8.1.4 of this Schedule 2 (Economic Development Obligations).
View SourceView Similar (5)
Economic Development Elements. 5.1 The Economic Development requirements to be met by the Seller and its Contractors in the Construction Measurement Period and the Operating Measurement Period are contained in this Schedule 7 (Economic Development Obligations). 5.2 Quarterly Obligations will: 5.2.1 in the case of Job Creation, be the percentage and quantum values for each Contract Quarter as expressed in Annex 10 (Quarterly Obligations) of this Schedule 2 (Economic Development Obligations); and 5.2.2 in the case of Economic Development Elements other than Job Creation ("Other ED Elements"), be the percentage as expressed in Annex 10 (Quarterly Obligations) of this Schedule 7 (Economic Development Obligations). 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. 5.3 The Seller will: 5.3.1 be measured for compliance with the Economic Development SubElements; levied in terms of paragraph 8.1 of this Schedule 7 (Economic Development Obligations) for not meeting its Quarterly Obligations in a Contract Quarter;
View SourceView Similar (2)
Economic Development Elements. 5.1 The Economic Development requirements to be met by the Seller and its Contractors in the Construction Measurement Period and the Operating Measurement Period are contained in this Schedule 7 (Economic Development Obligations). 5.2 Quarterly Obligations will: 5.2.1 in the case of Job Creation, be the percentage and quantum values for each Contract Quarter as expressed in Annex 10 5.2.2 in the case of Economic Development Elements other than Job Creation ("Other ED Elements"), be the percentage as expressed in Annex 10 (Quarterly Obligations) of this Schedule 7 (Economic Development Obligations). 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.
View Source

Related to Economic Development Elements

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Supplier Development lf the Buyer identifies problems in supplier performance based on supplier monitoring, he shall initiate improvement measures at the Supplier. The Buyer shall pursue the possibilities of continuous improvement of the Supplier. The supplier audit is a form of supplier development; the exchange of information and experience between the Buyer and the Supplier also serves this purpose.

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Curriculum Development This includes the analysis and coordination of textual materials; constant review of current literature in the field, some of which are selected for the college library collection, the preparation of selective, descriptive materials such as outlines and syllabi; conferring with other faculty and administration on curricular problems; and, the attendance and participation in inter and intra-college conferences and advisory committees.