Development PriceBase Development Price Sample Clauses

Development PriceBase Development Price and Cash Flow Adjustment Table/Maximum Payment Curve Proposer shall submit a Base Development Price using Form M-1 and M-1.1 setting forth the total price for the work required under the Development Agreement. The Proposal shall include Form M-1.2 which shall set forth any ATC adjustment costs identified by TxDOT in its ATC approval letters for ATCs that are incorporated into the Proposal. The Price Proposal shall include Form M-2, setting forth the cash flow corresponding to the anticipated draw requests for the Work required under the Development Agreement and Forms M-2 (a), M-2 (b) and M-2 (c) setting forth the cash flows/maximum payment curve for Segments F-1, F-2 and G, respectively. The Price Proposal shall include a completed Form M-3, which sets forth the proposed adjustments to the Development PriceBase Development Price cashflow for Segment G if Option A, Option B and Option C are all exercised in accordance with Section 13.2.4 of the Development Agreement. The Price Proposal shall also include Forms M-3 (a), M-3 (b) and M-3 (c) setting forth the incremental adjustment to the Development PriceBase Development Price cash flow for Segment G corresponding to the anticipated draw requests for the work required under each of Option A, Option B and Option C, respectively. For purposes of completing Forms X-0, X-0 (x), X-0 (b) and M- 3 (c), Proposers should assume TxDOT will exercise the options set forth in Section 13.2.4 of the Development Agreement as of the date of NTP1. The Developer shall not be entitled to any Change Order or increase in the Price in the event TxDOT timely exercises such option after NTP1. The draw requests shall be established by anticipated percentage complete on a monthly basis, and shall be limited to the anticipated cash flow. The maximum payment to Developer prior to NTP2 shall not exceed $25,000,000.00.
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Related to Development PriceBase Development Price

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • 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.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Vendor Development Rights To the extent not inconsistent with Customer’s rights in the Work Product or as set forth herein, nothing in this Contract shall preclude Vendor from developing for itself, or for others, materials which are competitive with those produced as a result of the Services provided hereunder, provided that no Work Product is utilized, and no Intellectual Property Rights of Customer therein are infringed by such competitive materials. To the extent that Vendor wishes to use the Work Product, or acquire licensed rights in certain Intellectual Property Rights of Customer therein in order to offer competitive goods or services to third parties, Vendor and Customer agree to negotiate in good faith regarding an appropriate license and royalty agreement to allow for such.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Development Area 10.4. The Development Area shall encompass all Deposits to be produced.

  • Development Fees The character and amount of any fee, charge or other consideration which must be paid by Donee to develop any Property.

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