LNTP2 Sample Clauses

LNTP2. Within three (3) Business Days of Department receiving from Design-Builder documentation demonstrating Design-Builder’s achievement of the LNTP1 Completion Milestone, Department shall issue a limited notice to proceed (“LNTP2”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.B (LNTP2 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP2, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. Except as otherwise provided in Section 5.1.1.4 below, the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP2 shall not exceed the amount equal to (i) seventy-five million dollars ($75,000,000) plus (ii) the portion, if any, of the LNTP1 Cap that has not been paid by Department to Design-Builder for Early Work completed as of the date on which Design-Builder achieves the LNTP1 Completion Milestone.
Sample 1Sample 2
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LNTP2. Within three (3) Business Days of Department receiving from Design-Builder documentation demonstrating Design-Builder’s achievement of the LNTP1 Completion Milestone, Department shall issue a limited notice to proceed (“LNTP2”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.B (LNTP2 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP2, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. In no event shall the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP2 exceed the amount equal to (i) seventy-five million dollars ($75,000,000) plus (ii) the portion, if any, of the LNTP1 Cap that has not been paid by Department to Design-Builder for Early Work completed as of the date on which Design-Builder achieves the LNTP1 Completion Milestone.
Sample 1
LNTP2. Within three (3) Business Days of Department receiving from Design-Builder documentation demonstrating Design-Builder’s achievement of the LNTP1 Completion Milestone, Department shall issue a limited notice to proceed (“LNTP2”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.B (LNTP2 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP2, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. In no event shall the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP2 exceed seventy-five million dollars ($75,000,000).
Sample 1

Related to LNTP2

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  • Synchronization, Commissioning and Commercial Operation 4.1.1 The Power Producer shall give at least thirty (30) days written notice to the SLDC and GUVNL, of the date on which it intends to synchronize the Power Project to the Grid System.

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  • Continuity of Grievance Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

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  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

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