Construction Milestones. Financing 2.4.3 Governmental Approvals 2.4.4 Site Control
Construction Milestones. (i) The Parties agree time is of the essence in regards to this Agreement. As such, the Parties also agree certain milestones for the construction of the Project as set forth in the Milestone schedule attached hereto as Exhibit B (“Milestones”) must be achieved in a timely fashion or Buyer will suffer damages.
(ii) Within seven (7) days after completion of each Milestone, Seller shall provide Buyer with Notice along with accompanying documentation (including reasonably redacted copies of applicable agreements, Governmental Approvals, and certificates) to reasonably demonstrate the achievement of such Milestone. If Seller misses the deadline date for three (3) or more Milestones or misses the deadline date for any one Milestone by more than ninety (90) days, Seller shall submit to Buyer, within ten (10) Business Days of such missed Milestone completion date, a remedial action plan (“Remedial Action Plan”) that describes in detail a reasonable course of action and plan (including accelerating the work, for example, by using additional shifts, overtime, additional crews or resequencing of the work, as applicable) to achieve the missed Milestones and all subsequent Milestones no later than the Guaranteed Commercial Operation Date (as it may be extended under Section 3.9(c)(ii)); provided, that delivery of any Remedial Action Plan shall not relieve Seller of its obligation to meet any subsequent Milestones and the Guaranteed Commercial Operation Date.
Construction Milestones. (i) The Parties agree time is of the essence in regards to the Transaction. As such, the Parties also agree certain milestones for the construction of the Project as set forth in Appendix III hereto (“Milestones”) must be achieved in a timely fashion or Buyer will suffer damages. Seller shall provide Buyer with any requested documentation to support the achievement of Milestones within ten (10) Business Days of receipt of such request by Seller.
(ii) If Seller misses three (3) or more Milestones, other than a Guaranteed Project Milestone, or misses any one (1) by more than ninety (90) days, except as the result of Force Majeure, Seller shall submit to Buyer, within ten (10) Business Days of such missed Milestone completion date, a remedial action plan (“Remedial Action Plan”), which shall provide a detailed description of Seller’s course of action and plan to achieve the missed Milestones and all subsequent Milestones by the Guaranteed Commercial Operation Date; provided, that delivery of any Remedial Action Plan shall not relieve Seller of its obligation to meet any subsequent Milestones and the Guaranteed Commercial Operation Date. If the missed Milestone(s) is a Guaranteed Project Milestone, then subsection (iv) below shall apply.
Construction Milestones. (a) Project milestone for Instalment Loan 2: • start of steel cutting for the Vessel
(b) Project milestones for Instalment Loan 3: • start of keel laying for Vessel
(c) Project milestones for Delivery Loan: • tender of Vessel for Delivery
Construction Milestones. The Parties agree time is of the essence in regards to the Transaction. As such, the Parties also agree certain milestones for the construction of the Project as set forth in Appendix III hereto (“Milestones”) must be achieved in a timely fashion or Buyer may suffer damages. Seller shall provide Buyer with any reasonably requested documentation to support the achievement of Milestones within ten (10) Business Days of receipt of such request by Seller.
Construction Milestones. With the exception of the Commercial Operation Milestone, the milestones listed below represent preliminary estimates and are subject to change without amendment of this PPA. Construction Milestone Outcome • ANSI Standard C12.20-2010 • FCC Part 68, FCC Part 15 • IEC6100-4-30-15 • EN50160 Real-Time Contact Information: To be provided by Company from time to time and at least 90 Days prior to the Commercial Operation Date Real-Time Contact Information: To be provided by Company from time to time and at least 90 Days prior to the Commercial Operation Date
Construction Milestones. In order to achieve the Commercial Operation Date by the Commercial Operation Milestone, Seller agrees to meet the Construction Milestones set forth in Exhibit A to this Agreement.
Construction Milestones. The term “
Construction Milestones. In order to preserve and maintain the provisions of this Agreement, Landowner must commence Construction on the Project within ten (10) years from the Effective Date of the Agreement. Landowner must have an approved Master Tentative and approved and recorded Master Final Map for that phase prior to the start of any Construction. For purposes of this section, “Construction” is defined as any one or more of the following: rough grading, finished grading, utility construction, infrastructure construction, and any other physical preparations or building construction either on-site or off-site for the Project. Notwithstanding any other provisions of this Agreement, Landowner shall be required to perform the following additional construction obligations:
Construction Milestones. Tenant covenants and agrees, at Tenant’s sole cost and expense: (i) to satisfy the Host Agreement LD Avoidance Conditions, and (ii) to use commercially reasonable efforts to pursue and achieve satisfaction of the Opening Date on or before the Outside Date.
