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.
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PROJECT MILESTONE DATES. 15 ----------------------- 3.2 DELAY IN ACHIEVING MILESTONE........................... 17 ---------------------------- 3.3 SPCC'S RIGHTS.......................................... 17 ------------- 3.4
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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 ...
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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)
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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
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Related to PROJECT MILESTONE DATES

  • Project/Milestones Taxpayer provides refrigerated warehousing and logistic distribution services to clients throughout the United States. In consideration for the Credit, Taxpayer agrees to invest in a new refrigeration and distribution facility in the XxXxxxxxx Park area of Sacramento, California, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

  • 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).

  • Commercial Milestones (a) Within [*****] calendar days after the end of the first Calendar Year in which aggregate annual Net Sales for that Calendar Year for the Licensed Product in the Territory reach any threshold indicated in the Commercial Milestone Events listed below, EverInsight shall notify VistaGen of the achievement of such Commercial Milestone Event and VistaGen shall invoice EverInsight for the corresponding non-refundable, non-creditable Milestone Payment set forth below and EverInsight shall remit payment to VistaGen within [*****] Business Days after the receipt of the invoice, as described in Section 8.6 (Currency; Exchange Rate; Payments). Annual Net Sales Milestones for Licensed Product Milestone Payments (in Dollars) (each a “Commercial Milestone Event”): (1). [*****] (2). [*****] (3). [*****] (4). [*****] (5). [*****] (b) For the purposes of determining whether a Net Sales Milestone Event has been achieved, Net Sales of Licensed Product(s) in the Territory shall be aggregated. For clarity, the annual Net Sales Milestone Payments set forth in this Section 8.3 (Commercial Milestones) shall be payable only once, upon the first achievement of the applicable Commercial Milestone Event, regardless of how many times such Commercial Milestone Event is achieved. (c) If a Commercial Milestone Event in Section 8.3 (Commercial Milestones) is achieved and payment with respect to any previous Commercial Milestone Event in Section 8.3 has not been made, then such previous Commercial Milestone Event shall be deemed achieved and EverInsight shall notify VistaGen within fifteen (15) calendar days of such achievement. VistaGen shall then invoice EverInsight for such unpaid previous Commercial Milestone Event(s) and EverInsight shall pay VistaGen such unpaid previous milestone payment(s) within thirty (30) Business Days of receipt of such invoice. (d) In the event that, VistaGen believes any Commercial Milestone Event under Section 8.3(a) has occurred but EverInsight has not given VistaGen the notice of the achievement of such Commercial Milestone Event, it shall so notify EverInsight in writing and shall provide to EverInsight data, documentation or other information that supports its belief. Any dispute under this Section 8.3(d) (Commercial Milestones - subsection (d)) that relates to whether or not a Commercial Milestone Event has occurred shall be referred to the JSC to be resolved in accordance with ARTICLE 3 (Governance) and shall be subject to resolution in accordance with Section 14.10 (Dispute Resolution). The Milestone Payments made for each Commercial Milestone Event shall be non-creditable and non-refundable.

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

  • Development Milestone Payments (i) In addition to the Closing Date Merger Consideration (less the Remaining Option Consideration and Rights Proceeds Amount, if any) and any Net TNF Sales Payments (as defined below), upon the attainment of the development ** Portions of the Exhibit have been omitted and have been filed separately pursuant to an application for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. milestones set forth below (each, a “Development Milestone”), Parent shall, or shall cause the Surviving Corporation to, [**] after the occurrence of each Development Milestone, deliver to the Paying Agent (for further payment to the holders of Stock Certificates and Stock Agreements outstanding immediately prior to the Effective Time), via wire transfer of immediately available funds, the respective amounts set forth below minus, in each case, the applicable Contingent Consideration Distribution Fee associated therewith and any amount designated by the Stockholders’ Representatives to be placed in the Administrative Expense Account (each, a “Development Milestone Payment” and collectively, the “Development Milestone Payments”): (A) Upon FDA approval of Reslizumab for the treatment of eosinophilic esophagitis, a cash payment of [**]; (B) Upon marketing authorization of Reslizumab for the treatment of eosinophilic esophagitis being granted by the European Commission in accordance with Regulation (EC) No. 726/2004, a cash payment of [**]; (C) If Res 5-0010 Asthma Study Completion has not occurred on or prior to the Closing Date, then upon the occurrence of the Res 5-0010 Asthma Study Completion, a cash payment of $50,000,000 (fifty million dollars) (the “Res 5-0010 Asthma Payment”); (D) Upon FDA approval of Reslizumab for any asthma indication, a cash payment of [**]; (E) Upon marketing authorization of Reslizumab for the treatment of any asthma indication being granted by the European Commission in accordance with Regulation (EC) No. 726/2004, a cash payment of [**]; and (F) Upon FDA approval of an Oral Anti-TNF Product, a cash payment of [**].

  • Project Specific Milestones In addition to the milestones stated in Section 212.5 of the Tariff, as applicable, during the term of this ISA, Interconnection Customer shall ensure that it meets each of the following development milestones: 6.1 Substantial Site work completed. On or before December 31, 2020 Interconnection Customer must demonstrate completion of at least 20% of project site construction. At this time, Interconnection Customer must submit to Interconnected Transmission Owner and Transmission Provider initial drawings, certified by a professional engineer, of the Customer Interconnection Facilities. 6.2 Delivery of major electrical equipment. On or before December 31, 2021, Interconnection Customer must demonstrate that all generating units have been delivered to Interconnection Customer’s project site.

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

  • Milestone A principal event specified in the Contract Documents including the Material Completion and Occupancy Date and other events relating to an intermediate completion date or time.

  • Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

  • Sales Milestones (a) As to each Therapeutic Product, SANOFI-AVENTIS shall pay MERRIMACK up to a total of Sixty Million Dollars (US$60,000,000) upon the first achievement of the following Net Sales milestones, on a Therapeutic Product-by-Therapeutic Product basis: (i) Total Worldwide Net Sales for such Therapeutic Product exceed $[**] in any four (4) consecutive calendar quarters $ [**] (ii) Total Worldwide Net Sales for such Therapeutic Product exceed $[**] in any four (4) consecutive calendar quarters $ [**] (iii) Total Worldwide Net Sales for Therapeutic Product exceed $[**] in any four (4) consecutive calendar quarters $ [**] (b) Each milestone payment set forth in Section 8.4(a) shall be payable by SANOFI-AVENTIS upon the achievement of the related milestone event by SANOFI-AVENTIS and its Affiliates or sublicensees, and SANOFI-AVENTIS shall provide notice to MERRIMACK promptly upon achievement of such milestone event. SANOFI-AVENTIS shall pay MERRIMACK each such milestone payment within [**] days of such achievement of the related milestone event. (c) For purposes of clarity, more than one of the Net Sales milestones set forth above may be earned in the same four (4) consecutive calendar quarter period with respect to a Therapeutic Product. For example, if total worldwide Net Sales with respect to a given Therapeutic Product have not achieved any of the lower sales milestone thresholds set forth in clause (i) or (ii) of Section 8.3(a) above in any previous four (4) consecutive calendar quarter period, but total worldwide Net Sales with respect to such Therapeutic Product exceed $[**] in a subsequent four (4) consecutive calendar quarter period, then all three milestone payments, totaling $60 Million, payable upon achievement of the sales milestone thresholds set forth in clause (i), (ii) and (iii) of Section 8.3(a) above shall become payable to MERRIMACK hereunder.

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