Economic Development in the Early Operating Period Sample Clauses

The "Economic Development in the Early Operating Period" clause outlines the obligations and expectations regarding economic growth initiatives during the initial phase of a project's operation. Typically, this clause specifies targets or activities such as local hiring, investment in community infrastructure, or support for local businesses that must be undertaken soon after the project becomes operational. Its core function is to ensure that the project delivers tangible economic benefits to the surrounding community from the outset, addressing concerns about local impact and fostering goodwill.
Economic Development in the Early Operating Period. 5.5.1 Sellers who deliver Early Operating Energy to the Buyer will be entitled to undertake initiatives in the Early Operating Period in respect of Enterprise Development and Socio- Economic Development Elements. 5.5.2 The Buyer shall recognise any contributions to Enterprise Development and Socio-Economic Development made by the Seller in the Early Operating Period as part of the contributions in the first Contract Quarter of the Operating Measurement Period. 5.5.3 In order for the Department to recognise such contributions, the Seller shall: 5.5.3.1 notify the Department of its intention to undertake Enterprise Development and/or Socio-Economic Development initiatives in the Early Operating Period prior to the commencement of such period; 5.5.3.2 submit reports on the progress made in respect of contributions made in relation to Enterprise Development and/or SocioEconomic Development in the Early Operating Period. These reports are to be submitted in addition to the Economic Development quarterly reports due in the Construction Measurement Period, together with such Construction Measurement Period Economic Development quarterly reports; and
View SourceView Similar (7)

Related to Economic Development in the Early Operating Period

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Professional Development Days Upon request, each Employee shall be granted at least three (3) professional development days annually for professional development, at the Basic Rate of Pay. An Employee shall be advised, prior to taking any professional development days of any transportation, registration fees, subsistence and other expenses that will be paid by the Employer. Such hours not used in each fiscal year shall not be carried forward into subsequent years. Applications for such paid professional development opportunities shall be made in writing, to the Employer as early as possible.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • 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.

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.