Common use of Economic Development Elements Clause in Contracts

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;

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 SubElementsSub-Elements; levied in terms of paragraph 8.1 of this Schedule 7 (Economic Development Obligations) for not meeting its Quarterly Obligations in a Contract Quarter;