PROJECT DEVELOPMENT MILESTONES Sample Clauses
The "Project Development Milestones" clause defines key deadlines and benchmarks that must be achieved during the course of a project's development. It typically outlines specific tasks or deliverables, such as completion of design phases, securing permits, or reaching construction targets, along with the dates by which these must be accomplished. By establishing clear milestones, this clause helps track progress, ensures accountability, and provides a basis for addressing delays or performance issues, thereby keeping the project on schedule and within scope.
PROJECT DEVELOPMENT MILESTONES. To assure Seller's establishment of Initial Operation in the time provided in this Agreement and to afford Edison with early notification in the event Seller will be unable to establish Initial as provided in this Section 5.
5.1 Project Development Milestones
(a) The following events shall constitute Project Development Milestones:
(1) Submittal of Quarterly Status Reports (pursuant to Section 5.2)
(2) Maintenance of Site Control (pursuant to Section 5.3)
(3) Provision of information for and payment of costs of Preliminary (pursuant to Section 5.4)
(4) Provision of information for and payment of costs of Method of Section 5.5)
(5) Commencement of Initial years from the effective date of this Agreement. (pursuant to Section 5.6)
(b) If Seller fails to complete each Project Development Milestone in the time and manner provided in Sections 5.2 through 5.6:
(1) Edison may terminate this Agreement;
(2) Seller shall relinquish transmission priority, if established; and (3) the Project Fee, if any, shall be paid to Edison pursuant to Section 4.2 (b).
(c) If Edison terminates this Agreement pursuant to this Section 5.1, Seller may execute another power purchase agreement with Edison only if Seller has satisfied all its outstanding obligations to Edison arising under this Agreement, including payment of any costs which Edison may have incurred as a result of Seller's failure to perform under this Agreement. Nothing in this Section 5.1(c) shall limit Edison's remedies at law under this Agreement.
PROJECT DEVELOPMENT MILESTONES. (a) The following events shall constitute Project Development Milestones:
(1) [This section intentionally left blank].
(2) Maintenance of Site Control (pursuant to Section 5.3).
(3) [This section intentionally left blank].
(4) [This section intentionally left blank].
(5) [This section intentionally left blank].
(b) If Seller fails to complete each Project Development Milestone in the time and manner provided in Sections 5.2 through 5.6, Edison may terminate this Agreement upon thirty (30) days written notice.
PROJECT DEVELOPMENT MILESTONES. Seller shall complete each Project Development Milestone as provided in this Section 5.
PROJECT DEVELOPMENT MILESTONES. (a) The following events shall constitute Project Development Milestones: (1) Submittal of Quarterly Status Reports (pursuant to Section 5.2)
PROJECT DEVELOPMENT MILESTONES. To assure Se▇▇▇▇'▇ establishment of Initial Operation in the time provided in this Agreement and to afford PG&E with early notification in the event Seller will be unable to establish Initial Operation, Seller shall complete each Project Development Milestone as provided in this Section 5.
PROJECT DEVELOPMENT MILESTONES. [This section intentionally left blank.]
PROJECT DEVELOPMENT MILESTONES. To assure Seller's establishment of Initial Operation in the time provided in this Agreement and to afford Edison with early notification in the event Seller will be unable to establish Initial Operation, Seller shall complete each Project Development Milestone as provided in this Section 5.