Common use of Critical Milestones Clause in Contracts

Critical Milestones. The Seller shall use commercially reasonable efforts to cause the development and construction of the Facility to meet each of the following milestones (“Critical Milestones”) by the date set forth below (subject to Sections 11.2(c) and 11.5): (i) Demonstration of site control by ______; (ii) Execution of agreement for gas interconnection (if applicable) by _____; (iii) Execution of electric interconnection agreement by _____; (iv) Completion of data submission to the California Energy Commission (“CEC”) by ____; (v) Receipt of CEC approval and all permits necessary to commence construction by ______ (which must be no later than 18 months after the Effective Date for projects over 100 MW; or no later than 12 months after the Effective Date for projects under 100 MW (due to the reduced timeline for securing permits under the CEC Small Power Plant Exemption)); (vi) Site readiness for construction, including receipt of any and all necessary zoning approvals, easements, rights of way, and rights to water and sewer access (subject to construction of facilities), as necessary by ______; (vii) Placement of order for major equipment including combustion turbines, steam turbines, HRSGs, and transformers by ______; (viii) Receipt of commitment for construction and permanent financing by ______; (ix) Close of construction financing by ______; (x) Execution of the Engineering Procurement and Construction (“EPC”) Contract by ______; (xi) Issuance of EPC notice to proceed by ______; (xii) Close of permanent financing by ______; (xiii) Receipt of major equipment on-site by ______; (xiv) Completion of electric interconnection by ______; (xv) Completion of gas interconnection by ______; (xvi) Expected Initial Delivery Date is ______.

Critical Milestones. The Seller shall use commercially reasonable efforts to cause the development and construction of the Facility to meet each of the following milestones (“Critical Milestones”) by the date set forth below (subject to Sections 11.2(c) and 11.511.65): (i) Demonstration of site control by ______; (ii) Execution of agreement for gas interconnection (if applicable) by _____; (iii) Execution of electric interconnection agreement by _____; (iv) Completion of data submission to the California Energy Commission (“CEC”) by ____; (v) Receipt of CEC approval and all permits necessary to commence construction by ______ (which must be no later than 18 months after the Effective Date for projects over 100 MW; or no later than 12 months after the Effective Date for projects under 100 MW (due to the reduced timeline for securing permits under the CEC Small Power Plant Exemption)); (vi) Site readiness for construction, including receipt of any and all necessary zoning approvals, easements, rights of way, and rights to water and sewer access (subject to construction of facilities), as necessary by ______; (vii) Placement of order for major equipment including combustion turbines, steam turbines, HRSGs, and transformers by ______; (viii) Receipt of commitment for construction and permanent financing by ______; (ix) Close of construction financing by ______; (x) Execution of the Engineering Procurement and Construction (“EPC”) Contract by ______; (xi) Issuance of EPC notice to proceed by ______; (xii) Close of permanent financing by ______; (xiii) Receipt of major equipment on-site by ______; (xiv) Completion of electric interconnection by ______; (xv) Completion of gas interconnection by ______; (xvi) Expected Initial Delivery Date is ______.