Project Management Agreement. 49ers Stadium Company will make a good faith effort to assist the Stadium Authority in completion of the Stadium. The Stadium Authority will enter into a project management agreement (the “Project Management Agreement”) with 49ers Stadium Company pursuant to which 49ers Stadium Company will direct and manage all design and construction for the Stadium, subject to oversight of the Stadium Authority in accordance with procedures to be defined in the Project Management Agreement that recognize 49ers Stadium Company’s responsibility for construction cost overruns. The design of the Stadium will be developed by 49ers Stadium Company in consultation with the Stadium Authority, City and Agency. The design will be presented at public meetings where the public will have the opportunity to comment on the design.
Project Management Agreement. The Directors announce that on 12 March 2004, the Company and LGCB on behalf of the Shenzhen City Long Gang People's Government (深圳市龍崗區人民政府), entered into the Project Management Agreement in relation to the Project. Pursuant to the Project Management Agreement, the Company has been appointed as the project manager of the Project. The estimated construction costs of the Project is RMB450 million (approximately HK$424.5 million). As appointed by LGCB and contemplated under the Project Management Agreement, the Company, on behalf of LGCB, will enter into contract(s) directly with relevant contractors that will actually carry out the Project. The construction cost of the Project will be financed by the Shenzhen City Long Gang People's Government (深圳市龍崗區人民政府) in accordance with the relevant arrangement under the Project Management Agreement:
Project Management Agreement. The Project Management Agreement is in full force and effect and (a) to Borrower’s knowledge, there is no default thereunder by Project Manager thereunder and (b) there is no default thereunder by Mortgage Borrower thereunder. The Project Management Agreement was entered into on commercially reasonable arm’s-length terms.
Project Management Agreement. (i) Borrower shall cause Mortgage Borrower to cause Project Manager to manage work at the Improvements in accordance with the Project Management Agreement and this Agreement. Borrower shall cause Mortgage Borrower to (A) diligently perform and observe, in each case in all material respects, all of the terms, covenants and conditions of the Project Management Agreement on the part of Mortgage Borrower to be performed and observed, (B) promptly notify Administrative Agent of any notice to Borrower or Mortgage Borrower of any material default by Borrower or Mortgage in the performance or observance of any of the terms, covenants or conditions of the Project Management Agreement on the part of Mortgage Borrower to be performed and observed, (C) promptly following receipt of Administrative Agent’s written request, deliver to Administrative Agent a copy of each financial statement, business plan, capital expenditures plan, report and estimate received by it pursuant to the terms of the Project Management Agreement, (D) promptly enforce the performance and observance in all material respects of all of the covenants required to be performed and observed by Project Manager under the Project Management Agreement and (E) in the event of any conflict between the terms and conditions of this Agreement and the terms and conditions of the Project Management Agreement with respect to the performance of Capital Expenditures Work and Tenant Improvement Work, the terms of this Agreement shall control and Borrower shall cause Mortgage Borrower to Project Manager to comply in all material respects with the terms and conditions of this Agreement. If Mortgage Borrower shall default in the performance or observance of any term, covenant or condition of the Project Management Agreement on the part of Mortgage Borrower to be performed or observed (beyond the expiration of any applicable grace, notice and cure periods), then, without limiting Administrative Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its Obligations hereunder Mortgage Borrower’s Obligations or under the Project Management Agreement, as applicable, Administrative Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the terms, covenants and conditions of the Project Management Agreement on the part of Mortgage Borrower to be performed or observe...
Project Management Agreement. The Parties hereby agree to enter into a project management agreement (the “Project Management Agreement”) the terms and conditions of which are outlined below.
Project Management Agreement. This Agreement is contingent upon execution of a Project Management Agreement by the County and the Developer, consistent with the terms and conditions described herein.
Project Management Agreement. Commencing on the date of the Agreement and continuing through December 31, 2034, (the “Project Term”) Developer shall operate, maintain, and manage the Project as follows:
Project Management Agreement. The Directors announce that on 11 February 2004, the Company and SCB on behalf of the Shenzhen Municipal Government, entered into the Project Management Agreement in relation to the Project. Pursuant to the Project Management Agreement, the Company has been appointed as the project manager of the Project. The estimated construction costs of the Project is RMB2.268 billion (approximately HK$2.14 billion). As appointed by SCB and contemplated under the Project Management Agreement, the Company, on behalf of SCB, will enter into contract(s) directly with relevant contractors that will actually carry out the Project. The construction cost of the Project will be financed by the Shenzhen Municipal Government in accordance with the relevant arrangement under the Project Management Agreement. If the Company enters into such contract(s) that constitutes a notifiable transaction for the Company under the Listing Rules, a more detailed announcement setting out the particulars of the transactions will be made by the Company pursuant to the Listing Rules. This announcement is made pursuant to the disclosure obligations of the Company under paragraph 2 (1) of the Listing Agreement. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.
Project Management Agreement. Owner will execute a Project Management Agreement with OHCS concurrent with this Agreement in form and substance satisfactory to OHCS. If Owner will, or is required by OHCS to, accomplish its management functions with respect to the Project through a Management Agent, such Management Agent also must execute the Project Management Agreement. Any then current Project Management Agreement, when approved by OHCS, will be deemed incorporated into this Agreement by reference. OHCS may require change of the Management Agent and revisions to the Project Management Agreement as it deems appropriate, in its sole discretion.
Project Management Agreement. Owner hereby engages Manager to manage on behalf of Owner in accordance with the following:
