Common use of Project Obligations Clause in Contracts

Project Obligations. The Parties agree to identify and undertake all Project Activities required to in order to address all applicable issues as expeditiously as possible and in accordance with budgets and operating plans prepared by the Parties and approved by the Intermunicipal Committee from time to time. Subject to further agreement of the parties to proceed, the Project Activities shall not include any physical work, construction, or provisions of Water Services themselves. The purpose of the Project shall be to investigate and review the options and alternatives presented to the Parties and thereafter construct the necessary infrastructure to implement the Project, subject always to the satisfaction of the Conditions Precedent.