Common use of Construction Progress Report Clause in Contracts

Construction Progress Report. On or before the tenth (10th) day following the end of a calendar quarter during the Term, Seller shall provide to Buyer a report stating (i) the expected online date of any Generating Unit under construction, (ii) the estimated percent completion of such Generating Unit, (iii) an update on the status of any permits or licenses required for operation of the Generating Unit, and (iv) any issues that may cause a change in the expected online date. The first Construction Progress Report shall be provided by Seller within ten (10) Business Days following the Effective Date. Each Construction Progress Report shall be signed by an officer of Seller verifying that the Construction Progress Report is true and accurate.