Common use of Early Completion Bonus Clause in Contracts

Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eighty-five (485) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Dollars ($[*]) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars ($[*]).

Appears in 2 contracts

Samples: Lump Sum Design Build Contract (Advanced BioEnergy, LLC), License Agreement (Advanced BioEnergy, LLC)

AutoNDA by SimpleDocs

Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eightyfive hundred forty-five (485545) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Ten Thousand Dollars ($[*]10,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum said five hundred forty-five (545) Days, provided however, that such Early Completion Bonus of [*] shall be capped at and shall not exceed One Million Dollars ($[*]1,000,000).

Appears in 1 contract

Samples: License Agreement (Cardinal Ethanol LLC)

Early Completion Bonus. If Substantial Completion is attained within Four Five Hundred EightyForty-five (485545) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Twenty Thousand Dollars ($[*]20,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars said Five Hundred Forty-five Days ($[*]545).

Appears in 1 contract

Samples: Lump Sum Design Build Contract (Ethanol Grain Processors, LLC)

AutoNDA by SimpleDocs

Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eighty-five achieved on or before ( ) days before the Scheduled Substantial Completion Date (485) Days after the date of the Notice to Proceed“Bonus Date”), Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 7.4 hereof an early completion bonus (“Early Completion Bonus”) of [*] Dollars ($[*]$ ) per Day for each Day day that Substantial Completion occurred in advance of is achieved earlier than the Scheduled Substantial Completion Date up to a maximum Bonus Date. [Optional: Such Early Completion Bonus of [*] bonus shall not exceed Dollars ($[*$ ) in the aggregate.]).

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.