Social Licence Binding Commitments Clause Samples
Social Licence Binding Commitments. In accordance with clause 14.1 (“Performance”), LTES Operator will fund benefits to the local community in the following amounts by the relevant date of deliverable.
Table 1 – Shared benefits for the Local community Scope (include community beneficiaries) Date of deliverable Value to beneficiary ($/year)
Social Licence Binding Commitments. In accordance with clause 14.1, the Access Right Holder will fund benefits to the local community in the following amounts by the relevant date of deliverable. [Note: Commitments should be consistent with, or no less, than commitments outlined in Table 1 of the Merit Criteria 4 Returnable Schedule.]
Social Licence Binding Commitments. For the purposes of this Schedule 2, Access Right Holder will provide an updated estimate for the Total Project Contract Value (including the CAPEX and OPEX amounts), Total Project Workforce and the total trades positions, and total Steel required in each of Access Right Holder’s annual reports to EnergyCo under clause 14.2 and provide reasonable supporting information for the updated estimate. Without limiting EnergyCo’s rights under clause 14, if there is any material decrease in the estimated Total Project Contract Value or Total Project Workforce as compared to the estimates provided by Access Right Holder as at the Signing Date, then EnergyCo may (among other things) request further information pursuant to clause 14.3(b)(ii), reject Access Right Holder’s report pursuant to clause 14.3(b)(iii) or request an audit of Access Right Holder’s compliance pursuant to clause 14.4.