PROJECT MILESTONE DATES Sample Clauses

PROJECT MILESTONE DATES. The Parties shall work together in order to achieve the timely completion of the Project in accordance with the following timetable: Effective Date Upon completion of condition precedents under Xxxxxx 19 Site Mobilization (location) : (date) Completion of the Project months from commercial operation date Commercial Operation Date (date) The duration of deployment for the power facility including the period for test and commissioning up to start of commercial operation is calendar days reckoned from the date of issuance of Notice of Award by ORMECO, Inc. During the course of generating unit project implementation, the WINNING BIDDER shall regularly provide ORMECO, Inc. an update report stating the progress and status of delivery of equipment and schedule of shipment. Failure of WINNING BIDDER to complete the Project or meet the Commercial Operation Date of the Project shall cause the forfeiture of the Performance Security, and WINNING BIDDER shall be liable to pay a monthly penalty in the amount equivalent to 1% of the Non-Fuel Cost, computed at the monthly contracted energy, for every day of delay after the scheduled Commercial Operation Date, but in no case the extension shall exceed two (2) months. Failure of WINNING BIDDER to complete the Project or meet the Commercial Operation Date after the two-month extension shall cause the automatic termination of this Agreement.
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PROJECT MILESTONE DATES. Show dates on the diagram for start of project, any contract required interim completion dates, and contract completion dates.
PROJECT MILESTONE DATES. 15 ----------------------- 3.2 DELAY IN ACHIEVING MILESTONE........................... 17 ---------------------------- 3.3 SPCC'S RIGHTS.......................................... 17 ------------- 3.4
PROJECT MILESTONE DATES. 3.1.1 SPCC shall commence development of the Cogeneration Power Production Facility on the Contract Signing Date and shall thereafter diligently pursue such work in order to achieve the timely completion of the Project and fulfill its other obligations under this Agreement in accordance within the following timetable: MILESTONE TARGET DATE (Months from Contract Signing Date) Posting of Development Bond within ten Days Completion of Documentary requirements Six (6) Calendar Months (Government Approvals) Issuance of Environmental Compliance Ten (10) Calendar Months Certificate Financial Closing Date Fifteen (15) Calendar Months Site/Project Mobilization Date Sixteen (16) Calendar Months Target Commercial Operation Date Forty-Four (44) Calendar Months Posting of O & M Bond within ten Days after Commercial Operation Date 3.1.1.1 Environmental Compliance Certificate issuance shall be the time at which SPCC Philippines has received such issuance from the Department of Environmental and Natural Resources, and has provided NPC a copy thereof, as certified by an appropriate officer of SPCC Philippines. 3.1.1.2 Financial Closing shall be the time at which SPCC has demonstrated, to the reasonable satisfaction of NPC, that the financial resources committed to SPCC are adequate to perform SPCC's obligations under this Agreement by submitting a confirmation from its Lenders to NPC that the initial drawdown of funds under the Lending Agreements is subject to no further condition. 3.1.1.3 Site/Project Mobilization shall be the time at which (a) SPCC begins, and thereafter diligently continues, construction of the foundation footings or other similar work which demonstrates, to the reasonable satisfaction of NPC, that it has begun (and intends diligently to pursue) construction of the Cogeneration Power Production Facility on the Site; and (b) SPCC delivers the Construction Performance Bond (Eighteenth Schedule) to NPC. 3.1.1.4 Within ten (10) Days after the Commercial Operation Date, SPCC shall deliver the O & M Bond (Nineteenth Schedule) to NPC. Notwithstanding anything to the contrary elsewhere contained in this Agreement, the Commercial Operation Date shall not occur until SPCC has so delivered that O & M Bond, and the Commercial Operation Date shall not occur prior to the Target Commercial Operation Date. 3.1.2 If a Party is prevented, hindered or delayed in the performance of an obligation under this Agreement by: (a) Force Majeure; or (b) by any failure (whether or ...
PROJECT MILESTONE DATES. The parties shall work together to endeavour to achieve the timely completion of the Project in accordance with the following timetable: TARGET DATE WHICH IS A DATE FALLING BY THE FOLLOWING NUMBER OF CALENDAR MONTHS AFTER THE MILESTONE DATE HEREOF Submission of Feasibility Study Eleven (11) Submission of Environmental Impact Study Fifteen (15) Issue of Environmental Compliance Certificate Eighteen (18) Financial Closing Twenty-four (24) Site Mobilization Twenty-five (25) Target Completion Date of Unit 1 Fifty-eight (58) Target Completion Date of Unit 2 Sixty-one (61) Target Completion Date of Power Station Sixty-one (61)
PROJECT MILESTONE DATES. The parties shall work together in order to endeavour to achieve the timely completion of the Project in accordance with the following timetable:- Stage Completed Date --------------- ---- Effective Date 30th June, 1992 Mobilisation 30th June, 1992 Commencement of Work 31st July, 1992 Target Completion Date of Unit 0 00xx Xxxx, 0000 Target Completion Date of Unit 0 00xx Xxxxxxx, 0000 Target Completion Date of Power Station 30th October, 1995

Related to PROJECT MILESTONE DATES

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  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

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  • Milestone Event Milestone Payment [***] [***]

  • Development Milestone Payments Pfizer shall make the payments set forth below within [**] days (or [**] days after [**] following the first occurrence of each event described below for a Licensed Product Covered by a Valid Claim that achieves such milestone (each event a “Development Milestone” and each payment a “Development Milestone Payment”). Development Milestone Development Milestone Payment [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**] [**]. The Development Milestone Payment in clause (2) of this Section 3.3 may become payable as set forth in Section 4.6. Whether or not the Development Milestone in clause (2) of this Section 3.3 is achieved, the Development Milestone Payment in clause (2) shall, pursuant to Section 4.6, in all cases become payable prior to the time the Development Milestone Payment in clause (3) of this Section 3.3 becomes payable. With respect to the Development Milestone in clause (3) of this Section 3.3, in the case of a [**] that is determined to have become [**], such Development Milestone, if achieved based on such [**], shall be achieved upon [**]; provided, however, if either [**], such Development Milestone shall be deemed to have been met on the date of such determination. With respect to the Development Milestone in clause (8) of this Section 3.3, such Development Milestone will be paid in [**], provided that if such Licensed Product [**]. (For the avoidance of doubt, all payment [**] that became payable prior to such [**] shall continue to be payable and there shall be [**] of the [**] Development Milestone Payment will be deemed to have been achieved and payable on [**], and will be paid by Pfizer within [**] days thereafter, until the earlier of [**]. For example, [**] of such Development Milestone, such Development Milestone Payment would be paid [**] of the Development Milestone [**]. For the avoidance of doubt: (a) except for (i) the Development Milestone Payment set forth in clause (6) of this Section 3.3 [**], (ii) the Development Milestone Payment set forth in clause (8) of this Section 3.3 [**] and (iii) the Development Milestone Payment set forth in clause (9) of this Section 3.3 [**], each Development Milestone Payment shall be payable only once upon achievement of the applicable Development Milestone and only on the first occurrence of the corresponding Development Milestone regardless of the number of Licensed Products and (b) satisfaction of a Development Milestone by an Affiliate or by a sublicensee or assignee of, or Third Party retained by, Pfizer or its Affiliates shall be deemed to have been satisfied by Pfizer for the purposes of this Section 3.3.

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  • Milestone Schedule Please state the status and progress of each Milestone and identify any completed Milestone(s) for the previous calendar quarter.

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