Summary and duration of the Priority Project Clause Samples

Summary and duration of the Priority Project. B.1.1. Both Parties acknowledge that the Commonwealth has previously provided the Start-up Amount to develop the business case for this Priority Project. B.1.2. The Commonwealth has agreed to provide up to $45,010,000 (GST exclusive) for Stage One of this Priority Project. This Priority Project also includes the conduct of a Review as set out in Item B.3.1.a.11. B.1.3. The Commonwealth has agreed to provide up to $11,902,256 (GST exclusive) for Stage Two of this Priority Project. Of this funding, $10,196,336 has not been committed to agreed activities. B.1.4. This Priority Project will commence on the date this Schedule is signed and must be completed by 31December 2021.
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Summary and duration of the Priority Project. In the IGA, the Commonwealth agreed in-principle to provide funding to projects in New South Wales, subject to Due Diligence and compliance with the Commonwealth’s Business Case Information Requirements and this Agreement. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $708 million for Priority Projects to be delivered by the State, subject to the proposed Priority Project’s satisfying the Commonwealth's Due Diligence Assessment. The State submitted a Business Case to the Commonwealth for a proposed NSW Nimmie‑▇▇▇▇▇ System Enhanced Environmental Water Delivery Priority Project on 4 July 2012 (the Business Case). The Commonwealth's Due Diligence assessment of the Proposed Project against the Business Case Information Requirements was completed in June 2013. The Proposed Project was approved for funding of up to $180,133,974 (excluding GST) by the Commonwealth Minister for Sustainability, Water, Environment, Population and Communities on 24 June 2013, for the agreed project only, subject to conditions. The conditions of the final Due Diligence are now reflected in this Project Schedule. A Heads of Agreement for the implementation of the ▇▇▇▇▇▇-▇▇▇▇▇ System Enhanced Environmental Water Delivery Priority Project was signed by the Commonwealth Minister for Sustainability, Water, Environment, Population and Communities and was signed by the NSW Minister for Primary Industries on 28 June 2013. This Priority Project consists of the following components: The purchase of 19 irrigated farming properties with a total area of 84,417 hectares (the ▇▇▇▇▇▇-▇▇▇▇▇ Land), the ownership of which will be transferred to the State, and the transfer to the Commonwealth of 381,000 unit shares of Lowbidgee Supplementary Water Entitlement (the ▇▇▇▇▇▇-▇▇▇▇▇ Entitlement) in one single licence; Infrastructure reconfiguration activities; Land transition arrangements; Local community offset projects; Water management actions; and Project management and governance. Project Milestones for this Priority Project are identified in Item C of this Project Schedule. This Priority Project commences on the date this Project Schedule is signed by the Commonwealth and must be completed by 30 June 2019, unless otherwise agreed in writing by the Parties. The purpose of this Priority Project is to: achieve water recovery which provides a substantial contribution towards ‘bridging the gap’ under the Basin Plan; implement management arrangements for the Nimmie‑▇▇▇▇▇ area whi...
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Summary and duration of the Priority Project. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $1.358 billion for New South Wales’ proposed projects, subject to Due Diligence of each such project and compliance with the Commonwealth’s Business Case Information Requirements and this Agreement. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $50 million for a Healthy Floodplains Project subject to the Priority Project satisfying the Commonwealth’s Due Diligence Assessment. The State submitted a business case to the Commonwealth for a proposed NSW Healthy Floodplains Priority Project (Proposed Project) on 11 June 2010. The Proposed Project aimed to reform NSW water management on floodplains in the valleys where floodplain harvesting is considered to be most prevalent. The Commonwealth's Due Diligence Assessment of that Proposed Project against the Business Case Information Requirements found that it failed due diligence. The State then submitted a re-scoped proposal for the Proposed Project as provided for in Section 4.12.5 of the IGA and clause 5.1.5 of the Agreement. Both Parties acknowledge that the Commonwealth has previously provided the Start up Amount to develop the business case for this Priority Project. T otal Funding of up to $ (GST exclusive) is available in principle for this Priority Project (Stage One and Stage Two). T he Commonwealth has agreed to provide up to $ (GST exclusive) for Stage One of this Priority Project. This Priority Project also includes the conduct of a Review as set out in Item B.3.1(xi). T he Commonwealth has agreed to provide up to $ (GST exclusive) for Stage Two of this Priority Project. Of this funding, $ has not been committed to agreed activities and the Commonwealth does not commit to providing these funds: for this project without further assessment of proposed activities; and beyond 30 June 2019. This Priority Project will commence on the date this Schedule is signed and must be completed by 15 June 2019.
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Related to Summary and duration of the Priority Project

  • COMMENCEMENT AND DURATION 3.1 This Agreement will commence on the 1 July 2019 and will remain in force until 30 June 2020, after which a new Performance Agreement and Performance Plan shall be concluded between the parties for the next financial year or any portion thereof. 3.2 The parties will review the provisions of this Agreement during June each year. The parties will conclude a new Performance Agreement and Performance Plan that replaces this Agreement at least once a year by not later than the beginning of each successive financial year. 3.3 This Agreement will terminate on the termination of the Employee’s contract of employment for any reason. 3.4 The content of this Agreement may be revised at any time during the above-mentioned period to determine the applicability of the matters agreed upon. 3.5 If at any time during the validity of this Agreement the work environment alters (whether as a result of government or council decisions or otherwise) to the extent that the contents of this Agreement are no longer appropriate, the contents shall immediately be revised.

  • TERM AND DURATION 4.1 The Company shall commence upon the filing of the Certificate of Formation, and shall continue in full force and effect until May 1, 2024, provided, however, that the Company shall be dissolved prior to such date upon the happening of any of the following events: (a) The mutual written consent of the Members to dissolve the Company. (b) The sale or other divestiture of all or substantially all of the assets of the Company and the distribution of the proceeds thereof to the Members, including real estate or interests held or owned by the Company (other than a transfer to a nominee of the Company for any Company purpose, which event shall not be construed as an event of termination); provided, however, that (i) if the Company receives a purchase money mortgage or other collateral security in connection with such sale, the Company shall continue (A) until such mortgage or security interest is paid in full or otherwise disposed of, or (B) in the event of foreclosure of such mortgage, or security interest provided the Company retains title therein; and (ii) the Company shall continue if the assets of the Company are exchanged under Section 1031 of the Code. (c) Upon the death, retirement, expulsion, bankruptcy or dissolution of a Member or occurrence of any other event that terminates the continued membership of a Member in the Company (a "Dissolution Event") unless the business of the Company is continued by the unanimous consent of the remaining Members within ninety (90) days following the Dissolution Event. (d) The entry of a decree of judicial dissolution under Section 49 of the Act. (e) The happening of any other prior event which pursuant to the terms and provisions of this Operating Agreement shall cause a dissolution or termination of the Company. 4.2 Upon any dissolution of the Company, the distribution of the Company's assets and the winding up of its affairs shall be concluded in accordance with Article 19 of this Operating Agreement.

  • Frequency and Duration There shall be an open enrollment period for health coverage in each year of this Agreement, and for dental coverage in the first year of this Agreement. Each year of the Agreement, all employees shall have the option to complete a Health Assessment. Open enrollment periods shall last a minimum of fourteen (14) calendar days in each year of the Agreement. Open enrollment changes become effective on January 1 of each year of this Agreement. Subject to a timely contract settlement, the Employer shall make open enrollment materials available to employees at least fourteen (14) days prior to the start of the open enrollment period.

  • Effective Date and Duration When all Parties have executed this Grant, and all necessary approvals have been obtained (“Executed Date”), this Grant is effective and has a Grant funding start date as of July 1, 2020 (“Effective Date”), and, unless extended or terminated earlier in accordance with its terms, will expire on June 30, 2021.

  • ENTRY INTO FORCE AND DURATION OF MOBILITY 2.1 The agreement shall enter into force on the date when the last of the two parties signs.