Common use of Scheduled Completion Date Clause in Contracts

Scheduled Completion Date. ‌ 12.4.1 The Mine Operator agrees and undertakes that development of Mines for excavation and Delivery of Coal shall be undertaken in a manner such that (i) the Commercial Operations Date occurs on or prior to [****] days from the Appointed Date (“Scheduled COD”); and (ii) the Completion occurs on or prior to [****] days from the Appointed Date (“Scheduled Completion Date”). 12.4.2 In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone in Schedule-G, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.5% (zero point five per cent) of the amount of Performance Security for delay of each day until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-G shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-G has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.4.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. ‌ 12.4.1 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation excavation/extraction and Delivery of Coal shall be undertaken in a manner such that (i) the Commercial Operations Date occurs on occurson or prior to [****] days from the Appointed Date (“Scheduled COD”); and (ii) the Completion occurs on or prior to [****] days from the Appointed Date (“Scheduled Completion Date”). 12.4.2 12.5.2 On or before the Appointed Date, the Mine Operator shall have to submit a Project Completion Schedule (containing the Project Milestone) in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone in Schedule-GMilestone, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.50.2% (zero point five two per cent) of cent)of the amount of Performance Security for delay of each day week,or part of the week, beyond the such period of 60 (sixty) days and until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-G Project Completion Schedule shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-G Project Completion Schedule has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.4.2 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. ‌ 12.4.1 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation excavation/extraction and Delivery of Coal shall be undertaken in a manner such that (i) the Commercial Operations Date occurs on occurson or prior to [****] days from the Appointed Date (“Scheduled COD”); and (ii) the Completion occurs on or prior to [****] days from the Appointed Date (“Scheduled Completion Date”). 12.4.2 12.5.2 On or before the Appointed Date, the Mine Operator shall have to submit a Project Completion Schedule (containing the Project Milestone) in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone in Schedule-GMilestone, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.50.2% (zero point five two per cent) of cent)of the amount of Performance Security for delay of each day week,or part of the week,beyond the such period of 60 (sixty) days and until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-G Project Completion Schedule shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-G ifProject Completion Schedule has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.4.2 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. ‌ 12.4.1 The Mine Operator agrees and undertakes that development of Mines for excavation extraction and Delivery of Coal shall be undertaken in a manner such that (i) the Commercial Operations Date occurs on or prior to [[ ****] days from the Appointed Date (“Scheduled COD”); and (ii) the Completion occurs on or prior to [****] days from the Appointed Date (“Scheduled Completion Date”). 12.4.2 In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone in Schedule-G, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.5% (zero point five per cent) of the amount of initial Performance Security for delay of each day week, or part of the week, until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-G shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-G has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.4.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. ‌ 12.4.1 The Mine Operator agrees and undertakes that development of Mines for excavation and Delivery of Coal shall be undertaken in a manner such that (i) the Commercial Operations Date occurs on or prior to [****] days from the Appointed Date (“Scheduled COD”); and (ii) the Completion occurs on or prior to [****] days from the Appointed Date (“Scheduled Completion Date”). 12.4.2 In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone in Schedule-G, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.5% (zero point five per cent) of the amount of Performance Security for delay of each day until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, the dates set forth in Schedule-G shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as if Schedule-G has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.4.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.