Operation and Management Obligations Clause Samples

The Operation and Management Obligations clause defines the responsibilities and standards that a party must follow in running and maintaining a business, asset, or project. Typically, this clause outlines specific duties such as ensuring compliance with laws, maintaining facilities, keeping accurate records, and employing qualified personnel. Its core practical function is to set clear expectations for day-to-day operations, thereby minimizing disputes and ensuring that the subject of the agreement is managed efficiently and in accordance with agreed standards.
Operation and Management Obligations. 5.5.1 The Developer shall ensure that each of the Project Facilities are opened for usage within 7 (seven) days from the date of issuance of Completion Certificate in respect thereof and shall operate and manage the same till the Expiry Date or the Termination Date as the case may be. 5.5.2 The Developer shall operate, manage & maintain the Project Site and the Project Facilities entirely at its own cost in accordance with the Good Industry Practice. The Developer may undertake the operations and maintenance of the Project Facilities by itself or through a Person possessing requisite technical, financial and managerial expertise/capability, however, the Developer shall be solely responsible for operations and maintenance of the Project. 5.5.3 The Developer shall from the date of issuance of Completion Certificate and till the Expiry Date have the sole and exclusive right to: i. Determine, revise, charge, demand, collect, recover, retain and appropriate the User Charges at market driven rates from Users of the Project and for the goods, services, facilities and amenities etc. relating to the Project/Project Facilities at the Site that are provided, arranged or procured by the Developer by itself. Provided that with respect to the Project Facilities that are in existence and operational as on the Appointed Date, the Developer shall be entitled to exercise the rights set out in this Clause 5.5.3 from the Appointed Date till the Expiry Date. However, the Developer shall in such case be fully liable to take measures for the safety and security of the Users and shall ensure that the works carried out in the Project Site during the Renovation Period are not in any way dangerous to such Users. ii. Provide separate customized services or tariff packages or differential rates or special or seasonal discounts for specific, bulk, regular Users or different category of users or during different parts of the year or for timely or early payment. 5.5.4 At all reasonable times and on reasonable notice, afford access to the Project Site/ Project Facility to the representatives of or Persons duly authorised by the competent authority/ Authority concerned with safety, security or environmental protection to inspect the Project Facility thereon and to investigate any other matter within its authority and the Developer shall further afford such Persons reasonable access to the Project Facility necessary to carry out their respective duties and functions. 5.5.5 The Developer sha...
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Operation and Management Obligations. The Developer shall ensure that each of the Project Facilities are opened for usage within 7 (seven) days from the date of issuance of Completion Certificate in respect thereof and shall operate and manage the same till the Expiry Date or the Termination Date as the case may be. The Developer shall operate, manage & maintain the Project Site and the Project Facilities entirely at its own cost in accordance with the Good Industry Practice. The Developer may undertake the operations and maintenance of the Project Facilities by itself or through a Person possessing requisite technical, financial and managerial expertise/capability, however, the Developer shall be solely responsible for operations and maintenance of the Project. The Developer shall from the date of issuance of Completion Certificate and till the Expiry Date have the sole and exclusive right to:
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Operation and Management Obligations. 5.4.1 The Developer shall ensure that the Project Facilities are opened for usage within 7 (seven) days from the Commercial Operation Date and operate and manage the same till the Expiry Date or the Termination Date as the case may be. 5.4.2 The Developer shall operate, manage & maintain the Project Site and the Project Facilities entirely at its own cost in accordance with the Good Industry Practice. 5.4.3 The Developer shall from the COD and till the Expiry Date have the sole and exclusive right to determine, revise, charge, demand, collect, recover, retain and appropriate the User Charges at market driven rates from Users of the Project and for the goods, services, facilities and amenities etc. relating to the Project Facilities that are provided, arranged or procured by the Developer by itself. 5.4.4 The Developer shall, during the Agreement Period have requisite organization and designate and appoint suitable officers/ representatives as it may deem appropriate to or operate the Project Facilities, to deal with the Authority and be responsible for all necessary exchange of information required pursuant to this Agreement;
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Operation and Management Obligations. 5.3.1 The Lessee shall operate, manage & maintain the Project Site and the Project Facilities entirely at its own cost and if required, modify, repair or otherwise make improvements to the Project Facilities to comply with the provisions of this Agreement, Applicable Laws, Applicable Permits, Good Industry Practices guidelines and other regulating laws as well as strictly conforming to the relevant Indian Standards and as a reasonable and prudent person. 5.3.2 The Lessee shall procure, as required, the appropriate proprietary rights, licences, agreements and permissions for materials handling and/or storage, methods, processes and systems used or incorporated into the Project. The Lessee shall be entitled to operationalize the Project Facilities after transfer of the existing licenses of the Lessor with respect to the project facility as on the date of entering into this Lease Deed as provided in Schedule 6 and after obtaining all necessary clearances/licenses from the concerned/statutory department for operating/running the Project Facilities. All cost / fees for obtaining the aforementioned clearances/licenses shall be borne by the Lessee. 5.3.3 The Lessee is entitled to claim eligible subsidies, grants, Tax benefits, if any, or any other benefits in respect of which are in force and notified by the central and state Government from time to time subject to fulfilment of the terms and conditions that may be imposed by the respective authorities during the Lease Period. 5.3.4 The Lessee shall during the Lease Period have the sole and exclusive right to determine, revise, charge, demand, collect, recover, retain and appropriate the Revenues at market driven rates for the services, facilities and amenities etc. relating to the Project Facilities, that are provided by the Lessee. 5.3.5 The Lessee shall comply with applicable Warehousing Development and Regulatory Authority (WDRA) guidelines in operating and managing the Project Facilities as issued from time to time. 5.3.6 The Lessee during the Lease Period shall be permitted to store only the materials as listed under Schedule 7 of this Lease Deed. 5.3.7 Lessee shall maintain the accounts of its transactions pertaining to inputs, stock and resultant respective outputs separately. 5.3.8 The Lessee shall, during the Lease Period have requisite organization and designate and appoint suitable officers/ representatives as it may deem appropriate to or operate the Project Facilities, to deal with the Lessorand be ...
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Related to Operation and Management Obligations

  • PROCUREMENT OBLIGATIONS Notwithstanding any other provisions of this Part B, where in this Part B the Customer accepts an obligation to procure that a Former Supplier does or does not do something, such obligation shall be limited so that it extends only to the extent that the Customer's contract with the Former Supplier contains a contractual right in that regard which the Customer may enforce, or otherwise so that it requires only that the Customer must use reasonable endeavours to procure that the Former Supplier does or does not act accordingly.

  • Development Obligations 1. The College supports the development, production, and dissemination of copyrightable, trademarkable, patentable, and other intellectual properties by its employees. 2. It is understood that intellectual property developed by employees on or off College time, except for those materials for which the College had specifically contracted prior to June 9, 1998, shall remain the property of such employees, but shall continue to be used for the benefit of the College while the employee remains an employee of the College.

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Client Obligations 3.1 The Client warrants and represents that: 3.1.1 it shall co-operate with Centaur as required for the proper performance of the Services; 3.1.2 it shall provide, for Centaur, its agents, subcontractors, consultants and employees, in a timely manner and at no charge, access to the Client's premises during normal office hours (being Monday – Friday 8am – 6pm), office accommodation, data and other facilities as is reasonably required by Centaur or any of them for the proper performance of the Services; 3.1.3 all information it has provided to Centaur in relation to the Services as at the date of the Order Form is accurate, complete and is not misleading and it shall provide, in a timely manner, such further information and Client Material as Centaur may require for the proper performance of the Services, and ensure that such information and Client Material is accurate, complete and not misleading; 3.1.4 it shall be responsible (at its own cost) for preparing and maintaining the relevant premises for the supply of the Services; 3.1.5 it shall inform Centaur of all health and safety rules and regulations and any other reasonable security requirements that apply at any of the Client's premises; 3.1.6 it shall only use the Services for internal business purposes and, without prejudice to the foregoing, shall not use the Services, the Deliverables or any Centaur Materials to develop a product or service that competes with any of the products or services provided by Centaur; 3.1.7 the Client Materials shall not infringe any third party rights, including any third party Intellectual Property Rights; and 3.1.8 it shall obtain and maintain all necessary licences and consents and comply with all relevant legislation in relation to the Services, before the date on which the Services are to start. 3.2 If Centaur's performance of its obligations under this Agreement is prevented or delayed by any act or omission of the Client, its agents, subcontractors, consultants or employees, Centaur shall not be liable for any costs, charges or losses sustained or incurred by the Client that arise directly or indirectly from such prevention or delay.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.