Common use of During Operation Period Clause in Contracts

During Operation Period. the Licensee shall, no later than 10 (ten) days after the close of each month, furnish to the Licensor and the PMC a monthly management report which shall be a summary of: a) key operational hurdles and deliverables expected in the succeeding month along with strategies for addressing the same and for otherwise improving the Project’s operational performance; and b) key financial parameters for the month, as benchmarked against the monthly budget, the reasons for shortfall, if any, and proposals to remedy the same.

Appears in 4 contracts

Sources: License Agreement, License Agreement, License Agreement