Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement.
a. Develop a Work Breakdown Structure (WBS) for each project.
b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).
Project Development. Seller, at no cost to Buyer, shall:
(i) Design and construct the Project.
(ii) Perform all studies, pay all fees, obtain all necessary approvals and execute all necessary agreements with the CAISO [For Projects located outside of CAISO: ,the Native Balancing Authority,] and the Participating Transmission Owner for the Electrical Interconnection Upgrades to Schedule and deliver the Product from the Project [For FCDS bids, insert: “under “Full Capacity Deliverability Status” (as defined in the CAISO Tariff), except when construction of deliverability Network Upgrades is not required under Section 3.1(j).”] [For Projects located outside of CAISO: “in a manner that enables the Capacity Attributes from the Project to be accepted and approved by the CPUC and the CAISO as qualifying for the determination of, and as satisfying Buyer’s requirement for demonstrating its procurement of, Resource Adequacy capacity.”] Following satisfaction or waiver of the Conditions Precedent set forth in Section 2.3(b), Seller shall not request from the CAISO or the Participating Transmission Owner or the distribution system operator any changes to its plan of interconnection that are inconsistent with the plan of interconnection that was evaluated in connection with the satisfaction or waiver of the Conditions Precedent in Section 2.3(b) without Buyer’s prior written consent, except in accordance with Section 3.1(j).
(iii) Acquire all Governmental Approvals and other approvals necessary for the construction, operation, and maintenance of the Project.
(iv) Complete all environmental impact studies necessary for the construction, operation, and maintenance of the Project, including all environmental analysis required under the California Environmental Quality Act for the Project and related interconnection facilities.
(v) At Buyer’s request, provide to Buyer Seller’s electrical specifications and design drawings pertaining to the Project.
(vi) Within fifteen (15) days after the close of each calendar quarter following the Execution Date until the Commercial Operation Date, provide to Buyer a Quarterly Progress Report and agree to regularly scheduled meetings between representatives of Buyer and Seller to review such reports and discuss Seller’s construction progress. The Quarterly Progress Report shall identify the Milestones and indicate whether Seller has met or is on target to meet such Milestones.
(vii) Provide access to Buyer, its authorized agents, employees and inspectors for ...
Project Development. Seller shall take all actions and obtain all approvals necessary to deliver to Buyer Distribution Services pursuant to the terms of this Agreement, which include those obligations set forth below in Section 2.2(a) (collectively the “Delivery Conditions”). Seller must complete the Delivery Conditions in accordance with Section 2.2(b).
Project Development. Recordation of a subdivision plat or approval of a commercial site plan for the Project shall not be permitted prior to the issuance of a Capacity Reservation Certificate as contemplated in subparagraph 2(b) above.
Project Development. For each Project:
(i) Borrower shall at all times, in all material respects, develop, maintain and operate the Projects and use its best efforts to market and sell Units in each Project. Borrower shall pay all costs and expenses arising in connection with the management, use, entitlement, development, operation, marketing and sale of each Project. The Improvements for each Project shall be constructed and developed in conformity in all material respects with the Plans, Drawings and Specifications therefor, and shall be contained wholly within the lot lines of the land included within the Project and will not encroach in any material respect on any other real estate, easements, building lines or setback requirements. Within ten (10) days after Borrower receives notice or knowledge thereof, Borrower shall proceed with diligence to correct any material departure from applicable Plans, Drawings and Specifications and any departure from applicable laws, rules and regulations of any Governmental Authority with jurisdiction over such Project.
(ii) With respect to those portions of each Project which are to be “open space” or otherwise constitute streets and other common areas to be Dedications to homeowners’ associations or other Governmental Authorities with jurisdiction over such Project and are not otherwise included within the portions of the Borrower Real Property to be developed by Borrower, Borrower shall take such actions as may be necessary to cause such Dedications to be made promptly and in accordance with applicable covenants, conditions and restrictions and Law. Majority Lenders’ may notify Borrower that such Dedications are required, in which case Borrower shall cause such Dedications to occur within thirty (30) days after such notification. In the event that Borrower is not able to comply with the covenants set forth herein for a Project or portion thereof for a period of ten (10) days following written notice from Administrative Agent (provided that if Borrower cannot reasonably cure such non-compliance within such ten (10) day period, such ten (10) day period shall be extended for a reasonable period not in excess of thirty (30) days from the date of Administrative Agent’s notice to cure such non-compliance provided that Borrower shall have commenced such cure within such ten (10) day period and shall diligently thereafter proceed to effect such cure), then such Project (or portion thereof, as the case may be) shall cease to be included in the Bo...
Project Development a. The Concessionaire shall complete the construction of the Project and its related services and facilities as per the Project Milestone defined under Article 2.8
Project Development. Developer agrees that it will use commercially reasonable efforts, in accordance with its own business judgment and taking into account market conditions and economic considerations, to undertake development of the Project in accordance with the terms and conditions of this Agreement, including the Applicable Rules and the Project Approvals.
Project Development. 4.1 The LPA and ODOT agree that the LPA has received funding approval for the PROJECT from the applicable ODOT Program Manager having responsibility for monitoring such projects using the Federal funds involved.
4.2 Project Development shall follow ODOT’s Project Development Process and all ODOT standards for environmental evaluations, design, plan preparation, right of way acquisition, utility relocation and other processes as set out in the Department’s Design Reference Resource Center, available on ODOT’s website (xxx.xxx.xxxxx.xx.xx/xxxx/Xxxxx/xxxxxxx.xxxx). Responsibilities for development of the PROJECT shall be as follows and further described herein: LPA ODOT Let Project Responsibility Assignments Responsibility PDP Phase Activity LPA ODOT Commentary Planning All X ODOT to provide coordination as needed Preliminary Engineering All X ODOT to: 1) Provide coordination as needed 2) Review all plans and documents and provide comments Environmental Engineering Stage 1 Plans X ODOT to review all plans and documents and provide comments. Stage 2 Plans X ODOT to review all plans and documents and provide comments. Value Engineering X ODOT will coordinate Value Engineering if required. Refer to Section 4.7. Cost Estimates X LPA/Consultant shall prepare in Estimator format. NEPA X ODOT will coordinate NEPA approval. Refer to Section 4.7 for Environmental Responsibilities. Permits X ODOT will obtain permits needed to construct the PROJECT. R/W Plans X ODOT to review all plans and documents and provide comments. Public/Stakehol der Involvement X ODOT to review all PI plans and materials and provide comments. Final Engineering & R/W R/W Acquisition & Relocation X Refer to Section 6 for detailed requirements. Utility Relocation X Refer to Section 6.6 for additional details. Railroad Coordination and Agreements X Refer to Section 6.8 for additional details. Stage 3 Plans X ODOT to review all plans and documents and provide comments. Cost Estimates X LPA shall prepare in Estimator format. Final Plan Package X ODOT to review all plans and documents and provide comments. Mitigation X ODOT will coordinate any required mitigation efforts. Public/Stakehol der Involvement X ODOT to review all PI plans and materials and provide comments. Construction Advertise X LPA and consultants to assist in responding to bidder questions and preparation of any addenda. Award X ODOT Awards Committee Administer Construction Contract X ODOT will administer the construction contract. The ...
Project Development. The Project Sponsor and the designated project engineer, will design, acquire the necessary rights-of-way (ROW), bid out and manage the construction of the Approved Project.
Project Development. The P1 Administrative Agent shall have received:
(i) a duly executed certificate executed by an Authorized Officer of the Borrower certifying (A) that attached to such certificate is a true, correct and complete copy of the Construction Budget and Schedule, (B) that such budget and schedule have been prepared on a reasonable basis and in good faith and upon assumptions believed by the Borrower to be reasonable at the time when made and on the Closing Date, (C) that the Construction Budget and Schedule are consistent with the requirements of the Credit Agreement Transaction Documents, and (D) the Borrower is in compliance with the Environmental and Social Action Plan;
(ii) a copy of the Base Case Forecast in form and substance reasonably satisfactory to the P1 Administrative Agent, the Senior Lenders, and the Revolving LC Issuing Bank that demonstrates that all Construction/Term Loans shall be capable of amortization such that the Credit Agreement Projected DSCR commencing on the Initial Principal Payment Date and for each four-Fiscal Quarter period (as of the end of each Fiscal Quarter) through the term of the Notional Amortization Period, shall not be less than 1.45:1.00 (provided, that for purposes of this Section 7.1(f)(ii), the Debt Service used to calculate the Credit Agreement Projected DSCR shall assume that all Senior Loan Commitments will be fully drawn), which shall be accompanied by a duly executed certificate executed by an Authorized Officer of the Borrower certifying (A) that the projections in the Base Case Forecast were made in good faith and (B) that the assumptions on the basis of which such projections were made were believed by the Borrower (when made and delivered) to be reasonable and consistent with the Construction Budget and Schedule and the Credit Agreement Transaction Documents;
(iii) a due diligence report of the Independent Engineer, in final form satisfactory to the P1 Administrative Agent, the Senior Lenders and the Revolving LC Issuing Bank, together with a reliance letter for such report;
(iv) a due diligence report of the Market Consultant, in final form satisfactory to the P1 Administrative Agent, the Senior Lenders and the Revolving LC Issuing Bank, together with a reliance letter for such report;
(v) a due diligence report of Xxxxxx Xxxx Xxxxxxxxx US LLP, as the counsel to the Senior Lenders and the Revolving LC Issuing Bank, in final form satisfactory to the P1 Administrative Agent, the Senior Lenders and the Revolving...
