MECHANICAL COMPLETION DEADLINE, PROGRESS REPORTS PROJECT SURETY Sample Clauses

MECHANICAL COMPLETION DEADLINE, PROGRESS REPORTS PROJECT SURETY. 3.1 CONTRACTOR shall commence the Work promptly upon the effective date of this Agreement. 3.2 Except to the extent a delay is caused by the occurrence of a Force Majeure event pursuant to and as contemplated by Section _________ , and except for delays contemplated by Section ________[Change Orders], all Work, Construction Work, the Plant, and the Facility shall be Mechanically Complete (i.e., shall have achieved Mechanical Completion) no later than the Target Date, February 15, 1998. 3.3 To the extent CONTRACTOR fails to achieve the Target Date, OWNER shall be entitled to Liquidated Damages in accordance with the following schedule. To the extent CONTRACTOR achieves Mechanical Completion in advance of the Target Date, CONTRACTOR shall be entitled to a bonus in accordance with the following schedule: Number of days Amount early or late per day ------------- ------- 15 or less zero 16-45 $50,000 46-60 $75,000 The maximum bonus payable and the maximum amount of Liquidated Damages payable (subject to the proviso below) hereunder shall be $2,625,000. OWNER's receipt of Liquidated Damages shall be in lieu of any other claims pursuant to Sections 3.2 and 3.3; provided, however, that in the event the Target Date is missed by 61 or 3.4 CONTRACTOR shall issue to OWNER monthly progress reports no later than the tenth day following the end of the month in respect of which such report is prepared, detailing the progress made by CONTRACTOR during the preceding month toward the achievement of the Target Date. The reports shall include, but shall not be limited to, the following: 1. A description of any and all delays which CONTRACTOR anticipates. 2. An updated schedule. 3. A statement of the CONTRACTOR's assessment of the percentage of construction, erection, procurement, delivery of equipment and materials, and other matters which are complete. 4. A narrative of the activities conducted during the month, including action items and problems. 3.5 In lieu of providing a performance and payment bond, contemporaneously with the execution hereof, CONTRACTOR shall deliver to OWNER a guaranty of its parent, Dresser Industries, Inc., a Delaware corporation, guaranteeing that CONTRACTOR will faithfully perform promptly and with due diligence all of the terms and conditions of this Agreement on its part to be performed, including all of the undertakings, guarantees, warranties, obligations and liabilities of CONTRACTOR or of any Subcontractor, supplier or Vendor of CONTRACTOR, p...
Sample 1
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MECHANICAL COMPLETION DEADLINE, PROGRESS REPORTS PROJECT SURETY. 3.1 CONTRACTOR shall commence the Work promptly upon the effective date of this Agreement. 3.2 Except to the extent a delay is caused by the occurrence of a Force Majeure event pursuant to and as contemplated by Section __________, and except for delays contemplated by Section ________[Change Orders], all Work, Construction Work, the Plant, and the Facility shall be Mechanically Complete (i.e., shall have achieved Mechanical Completion) no later than the Target Date, February 15, 1998. 3.3 CONTRACTOR shall issue to OWNER monthly progress reports no later than the tenth day following the end of the month in respect of which such report is prepared, detailing the progress made by CONTRACTOR during the preceding month toward the achievement of the Target Date. The reports shall include, but shall not be limited to, the following: 1. A description of any and all delays which CONTRACTOR anticipates. 2. An updated schedule. 3. A statement of the CONTRACTOR's assessment of the percentage of design, process design, engineering, procurement, delivery of equipment and materials, and construction which is complete. 4. A narrative of the activities conducted during the month, including action items and problems. 3.4 [There will need to be a corresponding provision in the Construction Contract.] In lieu of providing a performance and payment bond, contemporaneously with the execution hereof, CONTRACTOR shall deliver to OWNER a guaranty of its parent, Dresser Industries, Inc., a Delaware corporation, guaranteeing that CONTRACTOR
Sample 1

Related to MECHANICAL COMPLETION DEADLINE, PROGRESS REPORTS PROJECT SURETY

  • Project Completion Report At the completion of construction and once a Project is placed in service, the Subrecipient must submit a Project Completion Report that includes the total number of units built and leased, affordable units built and leased, DR-MHP units built and leased, an accomplishment narrative, and the tenants names, demographics and income for each DR-MHP unit.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • Final Project Report Prepare a Final Project Report that addresses, to the extent feasible, comments made by the Grant Manager on the Draft Final Project Report. Submit one (1) reproducible master and an electronic copy of the final. Upload an electronic copy of the final report in pdf format to the FAAST system.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • Tenant Improvement Plans Any work proposed by Tenant (the “Tenant Improvements”) shall be subject to Landlord’s reasonable prior approval and shall be subject to the other terms and conditions of this Exhibit C; provided that it will be reasonable for Landlord to withhold its approval or consent (as and when applicable under this Exhibit C) if Landlord’s Mortgagee has not consented to the matter that is the subject of such approval or consent. All architectural, engineering and other design fees shall be paid by Tenant. Tenant shall use its architect, engineers and other design professionals, all of whom shall comply with any applicable licensing or governmental requirements of the City of Seattle and the State of Washington; Tenant’s architect shall be approved by Landlord (“Tenant’s Architect”), which approval shall not be unreasonably withheld, conditioned or delayed. Landlord shall also be entitled to receive a copy of the agreement between Tenant and Tenant’s Architect (the “Architect Agreement”). Tenant shall cause Tenant’s Architect to prepare a draft space plan (the “Space Plan”) for the Tenant Improvements and shall submit the proposed Space Plan to Landlord for the latter’s approval (not to be unreasonably withheld) in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Space Plan within ten (10) business days of receipt; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Space Plan to be revised to address such written comments and shall resubmit said Space Plan to Landlord for approval. Such process shall continue until Landlord has approved the Space Plan. Tenant’s Architect shall then prepare working drawings and specifications for the Tenant Improvements, including architectural, structural, plumbing, mechanical, electrical, and fire protection drawings as required, suitable for permit application (the “Working Drawings”) and shall submit the proposed Working Drawings to Landlord for the latter’s approval in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. The Space Plan and Working Drawings shall be subject to Landlord’s approval, which Landlord agrees shall not be unreasonably withheld, conditioned, or delayed. Landlord shall not be deemed to have acted unreasonably if it withholds its approval thereof because, in Landlord’s reasonable opinion, the work, as described in any such item: (i) is likely to adversely affect Building Systems, the structure of the Building or the safety of the Building and/or their occupants; (ii) might impair Landlord’s ability to furnish services to Tenant or other tenants in the Building; (iii) would materially increase the cost of operating the Building; (iv) would violate any governmental laws, rules or ordinances (or interpretations thereof); (v) contains or uses hazardous or toxic materials or substances; (vi) would negatively affect the appearance of the Building; (vii) is reasonably likely to adversely affect another tenant’s premises; or (viii) is prohibited by any ground lease affecting the Building or any mortgage, trust deed or other instrument encumbering the Building. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Working Drawings, within ten (10) business days of Landlord’s receipt of the Working Drawings; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Working Drawings to be revised to address such written comments and shall resubmit said Working Drawings to Landlord for approval. Landlord may, when approving the Tenant Improvement Plans, elect to require Tenant to remove any Non-Standard Improvements which are made to the Premises. If Landlord so elects, Tenant shall, at its own cost, restore the Premises to the condition designated by Landlord in its election, before the last day of the Term. Such process shall continue until both parties have approved the Working Drawings. Landlord’s approval of the Space Plan and/or the Working Drawings shall not be deemed any representation or warranty that the same comply with applicable codes.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.

  • Progress Reports The Recipient shall submit to the OPWC, at the OPWC's request, summary reports detailing the progress of the Project pursuant to this Agreement and any additional reports containing such information as the OPWC may reasonably require.

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