Common use of Schedule Bonus Clause in Contracts

Schedule Bonus. A. If Substantial Completion of Subproject 1 occurs before the date falling *** (***) Days after issuance of NTP (“Schedule Bonus Date for SP1”), Owner shall pay Contractor a bonus in the amount of *** (U.S.$***) per MMBtu of the LNG that is both (i) produced by Subproject 1 between the period of first production of LNG from Subproject 1 and the Schedule Bonus Date for SP1 and (ii) sold by Owner to one of its customers prior to the Schedule Bonus Date for SP1 (“Schedule Bonus for SP1”). B. If Substantial Completion of Subproject 2 occurs before the date falling *** (***) Days after issuance of NTP (“Schedule Bonus Date for SP2”), Owner shall pay Contractor a bonus in the amount of *** (U.S.$***) per MMBtu of the LNG that is both (i) produced by Subproject 2 between the period of first production of LNG from Subproject 2 and the Schedule Bonus Date for SP2 and (ii) sold by Owner to one of its customers prior to the Schedule Bonus Date for SP1 (“Schedule Bonus for SP2”). “Schedule Bonus Date” means each of the Schedule Bonus Date for SP1 and the Schedule Bonus Date for SP2. “Schedule Bonus” means each of the Schedule Bonus for SP1 and the Schedule Bonus for SP2.

Schedule Bonus. A. If Substantial Completion of Subproject 1 3 occurs before the date falling *** (***) Days after issuance of NTP (“Schedule Bonus Date for SP1SP3”), Owner shall pay Contractor a bonus in the amount of *** (U.S.$***) per MMBtu of the LNG that is both (i) produced by Subproject 1 3 between the period of first production of LNG from Subproject 1 3 and the Schedule Bonus Date for SP1 SP3 and (ii) sold by Owner to one of its customers prior to the Schedule Bonus Date for SP1 SP3 (“Schedule Bonus for SP1SP3”). B. If Substantial Completion of Subproject 2 4 occurs before the date falling *** (***) Days after issuance of NTP (“Schedule Bonus Date for SP2SP4”), Owner shall pay Contractor a bonus in the amount of *** (U.S.$***) per MMBtu of the LNG that is both (i) produced by Subproject 2 4 between the period of first production of LNG from Subproject 2 4 and the Schedule Bonus Date for SP2 SP4 and (ii) sold by Owner to one of its customers prior to the Schedule Bonus Date for SP1 SP3 (“Schedule Bonus for SP2SP4”). “Schedule Bonus Date” means each of the Schedule Bonus Date for SP1 SP3 and the Schedule Bonus Date for SP2SP4. “Schedule Bonus” means each of the Schedule Bonus for SP1 SP3 and the Schedule Bonus for SP2SP4.