Milestone Completion Clause Samples
The Milestone Completion clause defines the requirements and procedures for recognizing when a specific project milestone has been achieved. Typically, it outlines the criteria that must be met for a milestone to be considered complete, such as the delivery of certain work products, approval by a client, or passing predefined tests. This clause ensures that both parties have a clear understanding of progress checkpoints, helping to manage expectations and trigger related obligations like payments or further work, thereby reducing disputes over project status and deliverables.
Milestone Completion. Verenium may at any time and from time to time formally submit to the Joint Steering Committee evidence clearly establishing completion of such Milestone. The Joint Steering Committee shall notify Verenium in writing within 15 days after such formal submission whether such Milestone was completed, was not completed or the Joint Steering Committee was unable to determine (or reach a decision) regarding whether the Milestone was completed.
Milestone Completion. All Milestones NOT on Critical Path Actual completion date Actual completion of milestones by baseline completion date 95% Weekly
Milestone Completion. 26.5.1 At the completion of each stage of major construction milestone identified in the Works Programme, the Contracting Authority, the Independent Engineer and the LFS Engineer shall have the right to provide comments or suggestions regarding the compliance of such completed portion of the Works with Schedule 12 (Works and Technical Specifications), Applicable Law, Consents and Good Industry Practice within fifteen (15) days from the date on which the Concessionaire has given notice to the Contracting Authority and the Independent Engineer of such completion.
26.5.2 If the Contracting Authority, the Independent Engineer and the LFS Engineer do not notify the Concessionaire of any comments, suggestions or modifications required within the fifteen (15) day period mentioned in paragraph above, then such completed portion of the Works shall be deemed to be approved by the Contracting Authority, athe Independent Engineer and the LFS Engineer.
Milestone Completion. Institution shall provide quarterly written reports on the progress toward completion of milestones described in Exhibit C (“Milestones”), if applicable.
Milestone Completion. After SALUS completes a Milestone set forth in Section 6.7 above, SALUS shall promptly notify PARI in writing of such event. After PARI completes a Milestone set forth in Section 6.7 above, PARI shall submit promptly notify SALUS in writing of such event. In the event the Parties disagree as to the completion of any Milestone, such disagreement shall be subject to dispute resolution as set forth in Section 16.0.
Milestone Completion. DATES ("MCDS"). MCDs triggering the NRE payment obligations in Sections 2.2.3 through 2.2.6, above, shall be agreed upon and set forth in Exhibit A. In each instance in which Amedia misses an MCD, for each full week of delay in meeting such MCD, Amedia shall reduce by 2.5% the total NRE amount payable by Motorola upon completion such milestone, to a cumulative cap of 10% of the total NRE payable for such milestone.
Milestone Completion. Within 15 days of successfully achieving each Milestone to the reasonable satisfaction and approval of both Parties, the Council shall meet to develop and approve an Action Plan that is mutually agreed to by both Parties for the succesful achievement of the remaining Milestones.