Operation Stage Sample Clauses
The Operation Stage clause defines the period during which a project, asset, or service is actively used or managed following its completion or delivery. This clause typically outlines the responsibilities for operation, maintenance, and performance standards that must be met during this phase, such as regular inspections, reporting requirements, or service level obligations. Its core practical function is to ensure that all parties understand their ongoing duties and expectations after the initial delivery, thereby promoting sustained performance and minimizing disputes over operational responsibilities.
Operation Stage. The works that the CONCESSIONAIRE must perform during the Operation Stage, will be those that result necessary to comply with the information provided in Annex 8 of this Agreement. Only in this stage, the CONCESSIONAIRE may perform non airport complementary investments which shall be included in the Master Development Plan regulated in Section
Operation Stage the management structure of the commercial operation stage is the same as the completed stage, depending on the actual situation the parties will adjust accordingly. Time of commercial operation for the investment stage as follows:
Operation Stage. Within the Operation Stage , investments should be made in order to meet the demand and the operability conditions of the airport, in compliance of what is set out in Annex 8. Likewise, it may perform Non Airport Complementary Investments. For this purpose, the CONCESSIONAIRE shall obtain total financing of such investments, at its own risk, and with Concession flows as Guarantee.
Operation Stage. Should the LCSD’s HKCC or HKSM venue management personnel believe that the Control Criteria set out in the above Table (or as otherwise agreed between the Government and the Corporation from time to time pursuant to Paragraph 7 above) are being exceeded (“Excessive Levels”) at any time during KSL operations, they shall notify the Corporation’s staff of their belief. The Corporation shall, as quickly as may be reasonably practicable in the circumstances after receiving notice from the LCSD, carry out investigations into the alleged Excessive Levels. Should such investigations show that the Excessive Levels existed and that such Excessive Levels were caused by the KSL, the Corporation shall, as soon as may be reasonably practicable in the circumstances, use its reasonable endeavours to reduce the Excessive Levels to the ambient levels contained in the Table above (or as otherwise agreed between the Government and the Corporation from time to time pursuant to Paragraph 7 above).
Operation Stage