EARLY COMPLETION PAYMENT Sample Clauses
EARLY COMPLETION PAYMENT. In addition to the EPC Contract Price, Owner shall pay to Contractor upon the successful completion of the Reliability Run the sum of One Hundred Eighty Nine Thousand New Zealand Dollars (NZ$189,000) (plus GST if any and less any withholding required by law)if Contractor commences a Reliability Run prior to May 1, 2005 (as that date may be extended pursuant to ARTICLE 5 (Extension of Time) or ARTICLE 8 (Changes)) and successfully completes that Reliability Run. For purposes of this SECTION 6.5, Contractor may commence the Reliability Run when it has successfully accomplished the handling trials, satisfied the Performance Guarantees for the net power output and brine pressure drop output performance tests described in SUBSECTION 1.5.9 of SCHEDULE D (Performance Tests), and the Binary Plant can be operated lawfully, provided, however, that the noise test set forth in SECTION 1.5.13 of SCHEDULE D (Performance Tests) does not need to be completed prior to the commencement of the Reliability Run.
EARLY COMPLETION PAYMENT. Nothing in this Agreement shall limit the right of the MEP Participants to request that the Turnkey Contractor undertake to achieve Provisional Acceptance on a date earlier than the Guaranteed Completion Date for the Land Acquisition and Construction Phase. Subject to the Turnkey Contractor and the MEP Participants reaching agreement with respect to the necessary details to achieve such earlier completion date and the amount of the bonus per day (the “Early Completion Payment”), this Agreement shall be amended accordingly.