Development Programme. 1.1 The Owner shall submit the Development Programme to the Council for its written approval prior to Commencement of the Development provided that (unless otherwise agreed in writing by the Council) such Development Programme shall be deemed to have been approved if the Council fail to respond in relation to it within two months
Development Programme. (a) Əgər Podratçı ARDNŞ-yə Xxxx və onun kommersiya dəyəri haqqında bildirişi təqdim edirsə, Podratçı Xxxx və onun kommersiya dəyəri haqqında bildirişin təqdim edildiyi tarixdən altı (6) aydan gec olmayaraq ARDNŞ-nin təsdiqinə həmin Kəşfin işlənməsi üçün Neft-qaz əməliyyatları proqramını (“İşlənmə proqramı”) təqdim edir, bu şərtlə ki, İşlənmə proqramında Podratçının Xam neftin hasilatına başlamaq öhdəliyi və şərtləri nəzərdə tutulsun. Podratçı ARDNŞ tərəfindən müvafiq İşlənmə və hasilat proqramının yazılı təsdiqindən sonra otuz altı (36) aydan gec olmayaraq Sənaye hasilatının başlanma tarixinə nail olmaq üçün xxxxx xxxx bütün məqsədəmüvafiq addımları atacaqdır. XXXXX tərəfindən Perspektiv sahəyə dair İşlənmə proqramı təsdiq edildikdən sonra həmin Perspektiv sahə “İşlənmə sahəsi” hesab olunur. Podratçı İşlənmə proqramını ARDNŞ-yə təqdim etməzdən öncə iki (2) və ya daha xxx Kəşfin işlənməsini vahid İşlənmə proqramı əsasında həyata keçirməyi təklif edə bilər, və təklif ARDNŞ tərəfindən qəbul edilərsə, müvafiq Perspektiv sahələr birləşdirilərək vahid İşlənmə sahəsi təşkil edəcəkdir. Podratçı tərəfindən texniki və iqtisadi cəhətdən məqsədəuyğun hesab edildiyi təqdirdə, İşlənmə proqramına Xam neftin erkən hasilatı üçün variant(lar) daxil edilir. ARDNŞ-nin İşlənmə proqramını təsdiq etməkdən əsassız olaraq imtina etməyə ixtiyarı yoxdur. (a) In the event Contractor submits to SOCAR a Notice of Discovery and its Commerciality, Contractor shall no later than six (6) months after the date of such Notice of Discovery and its Commerciality submit to SOCAR for its approval a programme of Petroleum Operations for the development of such Discovery (“Development Programme”), provided that the Development Programme shall include Contractor’s commitment and terms to start production of Crude Oil. Contractor undertakes to perform all reasonable steps to achieve the Commencement Date of Commercial Production no later than thirty-six (36) months from the date of SOCAR’s written approval of the relevant Development Programme. Upon SOCAR’s approval of the Development Programme in respect of a Prospective Area, such Prospective Area shall become a “Development Area”. Prior to Contractor’s submission to SOCAR of the Development Programme, Contractor may propose to SOCAR to develop two (2) or more Discoveries under a single Development Programme and, if such proposal is accepted by SOCAR, the respective Prospective Areas shall be joined and become a single Development Area. The Develo...
Development Programme. 2.1 Abbott hereby agrees to undertake the Development Programme as outlixxx xx Schedule A hereto, including, without limitation, manufacturing Bulk Product and Finished Product in accordance with the Specifications which shall be agreed to by the parties. On payment by Barrier of the irrevocable sum of US$ [**] prior to commencement of Stage 2 of the Development Programme, Abbott undertakes to ** Certain information in this exhibit has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. develop Meltrex(TM) formulations of Drug Substance exclusively for Barrier. Barrier represents and warrants that it shall not sell any Bulk Product or Finished Product manufactured by Abbott for use in the Development Programme to any third party xxx xhall only use such Bulk Product and Finished Product in preapproval clinical and in vitro studies until the supply agreement referred to in Article V is signed by both parties. Schedule B shall consist of a number of Workplans which may be added to or amended from time-to-time by mutual agreement of the parties. The aim of such Development Programme is to enable Abbott to perform all the development and scaling-up activitiex xxxxired (i) to provide sufficient samples of Finished Product for Barrier to carry out further testing in humans; and (ii) to provide batches of Bulk Product and Finished Product for validation and other requirements of Regulatory Agencies; and (iii) to generate such data and documentation related to the manufacture of Bulk Product and Finished Product as are necessary to enable Barrier to apply to Regulatory Agencies for marketing authorisation for Finished Product.
Development Programme. Within 21 days of signature of this Agreement the Developer shall submit to the Council’s Representative a detailed Development Programme containing all relevant dates and time lines for all phases from Planning to Sale of Xxxxx, including Design and Construction. The Development Programme shall be kept up to date by the Developer and any amendments thereof shall be immediately notified to the Council’s Representative.
Development Programme. The applicant has not provided a detailed timeframe for the scheme but has indicated a total scheme length of 30 months which does not appear unreasonable. We have assumed the following programme: • Build Period of 12 months following a 6 month lead-in period. • Pre-sales of 15 units after practical completion followed by a sales period of 9 months for the remaining units beginning directly after the build period of 12 months. Land Value – Following various appeal cases, NPPF, and RICS guidance it is well established that viability assessments are carried out in order to calculate the residual land value that the scheme can afford which is then compared to the benchmark value of the site. The revised NPPF suggests that the Benchmark Land Value should be established on the basis of Existing Use Value (EUV), plus a premium for the landowner. However, Alternative Use Values can be taken into account where there is an existing implementable permission for that use. In these cases a premium is not added. The applicant has assessed the EUV of the site at £600,000 based on a current rent passing of £70,000. A capital value of £600,000 equates to a capitalisation yield of approximately 11.4%. We have not been provided with any details of any current lease or agreement in place and have no record of this rent on our office records. Due to the nature of the current use (children’s soft play centre), the general age and condition of the building, and the fact that it is earmarked for redevelopment, it is assumed that any lease that is in place will be on a short term, or that there is a different sort of agreement in place which provides greater flexibility for both landlord and tenant. We do however hold records from August 2013 which show that the applicant acquired the property/site on the open market for £300,000 at that time. Whilst there may have been some movement in the general market for this type of property it is not considered to be significant due to the age and nature of the existing building and therefore the acquisition price is deemed to be a more accurate reflection of the current EUV in light of lack of rental detail and current evidence. The NPPF guidance refers to a seller incentive of between 15% and 20% on top of the EUV. It is not known whether the property has been internally refurbished or improved at all since it was acquired but if this is the case then this may have enhanced the value slightly. In light of this uncertainty and the time de...
Development Programme. The applicant has not included a detailed development programme within their written report but have based their appraisal on the following programme: • Construction Period of 12 months (following a 1 month lead in period) • Sale period of 4 months beginning directly after the construction period of 12 months This development programme is considered to be reasonable, if slightly optimistic, but for the purpose of viability testing we have adopted the same time frame within our appraisal.
Development Programme. The Development Programme to be submitted by Contractor pursuant to Article 4.6 of the EDPSA shall include proposals related to the achievement of all the matters referred to in Article 4.1 of Third Addendum and also of all the approvals referred to in Article 4.2 of Third Addendum and any commitments and terms contained in the Development Programme to start commercial production shall be conditional upon the achievement of such matters and also the approvals referred to in Article
Development Programme. 5.1 The Development Programme to be submitted by Contractor pursuant to Article 4.6 of the EDPSA shall include proposals related to the achievement of all the matters referred to in Article 4.1 hereof and also of all the approvals referred to in Article 4.2 hereof and any commitments and terms contained in the Development Programme to start commercial production shall be conditional upon the achievement of such matters and also the approvals referred to in Article 4.2 hereof. The Development Programme shall be based on a staged development concept linked to Natural Gas Sale and Purchase Agreements.
Development Programme. The transitional Government shall launch a long-term economic and social development programme. With the support of international agencies, it shall begin work on remedying the economic situation, reversing the trends resulting from the crisis, particularly the intensification of poverty, and taking up the challenges that impede economic development.
Development Programme. 7.1 Subject to ARROW'S timely performance of its obligations hereunder, and in complete fulfilment of TRIANGLE'S development obligations hereunder and any such obligations implied by law, TRIANGLE will undertake, or will cause its AFFILIATES or SUB-LICENSEES to undertake, the development activities described in this Article 7. TRIANGLE shall, *** , use its best efforts to conduct a development program (the "DEVELOPMENT PROGRAMME") in the U.S. relating to the use of at least one PRODUCT containing a given ARROW SELECTED COMPOUND and to seek REGISTRATION for such PRODUCT in at least one MAJOR MARKET COUNTRY. The DEVELOPMENT PROGRAMME shall be mutually discussed by the parties hereto and shall take into consideration studies and experiments carried out, or to be carried out by, ARROW, but the activities comprising the DEVELOPMENT PROGRAMME shall be determined at TRIANGLE'S sole discretion. Anything in this AGREEMENT to the contrary notwithstanding, TRIANGLE shall be entitled to exercise prudent and justifiable business judgement in meeting its best efforts obligations hereunder. For purposes of this Article 7, "best efforts" shall mean that TRIANGLE shall use reasonable efforts consistent with those used by it in its development projects with other compounds in its development portfolio deemed to have comparable commercial potential. ---------- *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.
