Completion by Required Completion Date Sample Clauses

Completion by Required Completion Date. (A) Seller shall cause the Facility to achieve Commercial Operation no later than the Required Commercial Operation Date; provided, that Seller shall not be obligated to establish a Commercial Operation Date under this PPA that is earlier than the Required Commercial Operation Date. (B) The Required Commercial Operation Date shall be extended, Day- for-Day, for (i) each Day on which a Force Majeure event occurs; (ii) each Day after a date on or before which Section 6.2 states that a Buyers’ Conditions Precedent should occur and before the date that Buyers deliver Buyers’ CP Confirmation Notice with respect to such Buyers’ Conditions Precedent; (iii) each Day after a date on or before which Section 6.1 states that a Seller’s Conditions Precedent should occur and before the date that Seller has delivered Seller’s CP Confirmation Notice with respect to such Seller’s Conditions Precedent (but not more than a maximum of ninety (90) Days in the aggregate); and (iv) each Day after the date that is ninety (90) Days prior to the Required Commercial Operation Date, as it stood before any extension pursuant to this Section 4.1, on which an Interconnection Delay occurs; provided that if any two or more of the foregoing occur on the same Day, such Day shall be counted as just one Day for purposes of such extension; and provided further that the Required Commercial Operation Date shall not be extended by more than two hundred seventy (270) Days in the aggregate for the events described in clauses (i) and (iv) above. (C) In the event that Commercial Operation has not occurred by the Required Commercial Operation Date (as extended pursuant to Section 4.1(B) and/or Section 4.3), Seller may either (i) terminate this PPA with immediate effect or (ii) extend the Required Commercial Operation Date (as may have been extended pursuant to Section 4.1(B) and/or Section 4.3) by a period of one hundred (180) Days, by notifying Buyers on or before the Required Commercial Operation Date (as may have been extended pursuant to Section 4.1(B) and/or Section 4.3) of its intent to so terminate or further extend the Required Commercial Operation Date. (D) If Seller so extends the Required Commercial Operation Date pursuant to Section 4.1(C), Daily Delay Damages shall accrue starting on the date that is ninety (90) Days after the Required Commercial Operation Date (as extended pursuant to Section 4.1(B) and/or Section 4.3 but as it stood before extension under Section 4.1(C)) and accrue for ...
Sample 1
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Completion by Required Completion Date. ‌ (A) Seller shall cause the Facility to achieve the Commercial Operation Date no later than the Required Commercial Operation Date; provided, that Seller shall not be obligated to establish a Commercial Operation Date under this PPA that is earlier than the Required Commercial Operation Date. (B) The Required Commercial Operation Date shall be extended, day- for-day, for (i) each day during which a Force Majeure event has occurred and is continuing (but not more than a maximum of 180 Days for all events of Force Majeure in the aggregate); (ii) each Day after a date on or before which Section 6.2 states that a Buyers’ Conditions Precedent should occur and before the date that Buyers deliver Buyers’ CP Confirmation Notice with respect to such Buyers’ Conditions Precedent; and
Sample 1

Related to Completion by Required Completion Date

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • Upon Substantial Completion of the Work or designated portion thereof and upon application by the Contractor and certification by the Architect, the State shall make payment, reflecting adjustment in retainage, if any, for such Work or portion thereof, as provided in the Contract Documents.

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • Completion of Repairs Borrower will commence any Repairs as soon as practicable after the date of this Loan Agreement and will diligently proceed with and complete such Repairs on or before the Completion Date. All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property. Borrower agrees to cause the replacement of any material or work that is defective, unworkmanlike or that does not comply with the requirements of this Loan Agreement, as determined by Lender.

  • FINAL COMPLETION AND FINAL PAYMENT 9.9.1 Upon receipt of written notice that the Work is ready for final inspection and acceptance and upon receipt of a final Application for Payment, the Architect will promptly make such 9.9.2 Neither the final payment nor the remaining retained percentage shall become due until the Contractor submits to the Architect (1) an affidavit that all payrolls, bills for materials and equipment, and other indebtedness connected with the Work for which the State or its property might in any way be responsible, have been paid or otherwise satisfied; (2) consent of surety, if any, to final payment; (3) Other data establishing payment or satisfaction of all such obligations, including, but not limited to, receipts, releases, or other supporting documentation. and (4) final waivers of liens arising out of the Contract, to the extent and in such form as may be designated by the State. If any Subcontractor refuses to furnish a release or waiver required by the State, the Contractor may furnish a bond satisfactory to the State to indemnify him against any such lien. If any such lien remains unsatisfied after all payments are made, the Contractor shall refund to the State all moneys that the latter may be compelled to pay in discharging such lien, including all costs and reasonable attorneys' fees. 9.9.3 If, after Substantial Completion of the Work, final completion thereof is materially delayed through no fault of the Contractor or by the issuance of Change Orders affecting final completion, and the Architect so confirms, the State shall, upon application by the Contractor and certification by the Architect, and without terminating the Contract, make payment of the balance due for that portion of the Work fully completed and accepted. If the remaining balance for Work not fully completed or corrected is less than the retainage stipulated in the Contract Documents, and if bonds have been furnished as required by the Contract Documents, the written consent of the surety to the payment of the balance due for that portion of the Work fully completed and accepted shall be submitted by the Contractor to the Architect prior to certification of such payment. Such payment shall be made under the terms and conditions governing final payment, except that it shall not constitute a waiver of claims. 9.9.4 The making of final payment shall constitute a waiver of all claims by the State except those arising from: (a) unsettled liens, (b) faulty or defective Work appearing after Substantial Completion, (c) failure of the Work to comply with the requirements of the Contract Documents, or (d) terms of any special warranties required by the Contract Documents. 9.9.5 The acceptance of final payment shall constitute a waiver of all claims by the Contractor except those previously made in writing and identified by the Contractor as unsettled at the time of the final Application for Payment.

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