Common use of PRIMARY MILESTONE BONUSES Clause in Contracts

PRIMARY MILESTONE BONUSES. 7.2.1 In consideration for Contractor’s timely completion of the Work, Owner will, subject to Section 7.4, pay to Contractor, not later than [***] days following the Final Completion Date, in addition to the amounts payable to Contractor pursuant to Section 6.3, a Primary Milestone Bonus in respect of each corresponding Primary Milestone that Contractor has achieved prior to, on, or within [***] Days following the relevant Completion Date. 7.2.2 If Contractor achieves a Primary Milestone prior to the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be increased by an amount equal to [***] for each day between the date of such achievement and such Completion Date. 7.2.3 If Contractor achieves a Primary Milestone after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. For the avoidance of doubt, if Contractor does not achieve a Primary Milestone within [***] Days of the relevant Completion Date, no Primary Milestone Bonus shall be payable in respect of such Primary Milestone.

PRIMARY MILESTONE BONUSES. 7.2.1 In consideration for Contractor’s timely completion of the Work, Owner will, subject to Section 7.4, pay to Contractor, not later than [***] days following the Final Completion Date, in addition to the amounts payable to Contractor pursuant to Section 6.3, a Primary Milestone Bonus in respect of each corresponding Primary Schedule Milestone that Contractor has achieved prior to, on, or within [***] Days following the relevant Completion Date. 7.2.2 If Contractor achieves a Primary Milestone prior to the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be increased by an amount equal to [***] for each day between the date of such achievement and such Completion Date. 7.2.3 If Contractor achieves a Primary Milestone after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. For the avoidance of doubt, if Contractor does not achieve a Primary Milestone within [***] Days of the relevant Completion Date, no Primary Milestone Bonus shall be payable in respect of such Primary Milestone.

PRIMARY MILESTONE BONUSES. 7.2.1 In consideration for Contractor’s timely completion of the Work, Owner will, subject to Section 7.4, pay to Contractor, not later than [***] days following the Final Completion Date, in addition to the amounts payable to Contractor pursuant to Section 6.3, a Primary Milestone Bonus in respect of each corresponding Primary Schedule Milestone that Contractor has achieved prior to, on, or within [***] Days following the relevant Completion Date. 7.2.2 If Contractor achieves a Primary Milestone prior to the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be increased by an amount equal to [***] for each day between the date of such achievement and such Completion Date. 7.2.3 If Contractor achieves a Primary Milestone after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. If Contractor achieves a Primary Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [***]. For the avoidance of doubt, if Contractor does not achieve a Primary Milestone within [***] Days of the relevant Completion Date, no Primary Milestone Bonus shall be payable in respect of such Primary Milestone.