Termination for Project Company Plant Closure.   In the event Project Sample Clauses

Termination for Project Company Plant Closure.   In the event Project. Company makes a decision to cause a Project Company Plant Closure, Project Company shall have the right to terminate this Agreement at any time during the third, fourth, fifth or sixth year of the Initial Term, or during the first, second, third or fourth year of any Renewal Term, by notifying Steam Purchaser in writing of such decision not less than eight (8) months in advance of such closure and termination. Upon such termination, (i) Project Company shall pay Steam Purchaser an amount in accordance with the Termination Payment Matrix attached hereto as Annex 5 and (ii) neither Party shall have further liability to the other Party under this Agreement other than with respect to liabilities that accrued prior to the date of termination and with respect to provisions of this Agreement that expressly survive such termination. Without limiting the foregoing, upon a termination for a Project Company Plant Closure as described in this Section 3.1(d), in the event that Steam Purchaser agrees not to cause Project Company to dismantle and remove the Facilities pursuant to Section 5.3 of the Ground Lease, Project Company shall pay Steam Purchaser an additional amount equal to Four Hundred Thousand and No/100 U.S. Dollars ($400,000.00).
Sample 1
AutoNDA by SimpleDocs

Related to Termination for Project Company Plant Closure.   In the event Project

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

  • Project Completion Part 1 – Material Completion

  • Project Completion Report At the completion of construction and once a Project is placed in service, the Subrecipient must submit a Project Completion Report that includes the total number of units built and leased, affordable units built and leased, DR-MHP units built and leased, an accomplishment narrative, and the tenants names, demographics and income for each DR-MHP unit.

  • Contract Closure Contracting Officer shall give appropriate written notice to Purchaser when Purchaser has complied with the terms of this contract. Purchaser shall be paid refunds due from Timber Sale Account un- der B4.24 and excess cooperative deposits under B4.218.

  • Project Closeout a. Participate in final inspection to prepare punch lists for project contractor to correct and/or to complete listed items. Verify that items on punch lists have been completed successfully assist COUNTY Project Manager or designee to determine completion date and coordinate project close out.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Independent Status of Contractor In the performance of this Contract, the parties shall be acting in their individual, corporate or governmental capacities and not as agents, employees, partners, joint ventures, or associates of one another. The parties intend that an independent contractor relationship shall be created by this Contract. The Contractor shall be responsible for all federal and/or state tax, industrial insurance, wages, benefits, or other compensation by or on behalf of the Contractor and its employees. The Contractor shall not make any claim of right, privilege or benefit which would accrue to an employee under chapter 41.06 RCW or Title 51 RCW.

  • At Substantial Completion and Final Completion the Contractor shall provide a certification letter certifying that the Work does not contain asbestos as required by the UTUGCs.

Time is Money Join Law Insider Premium to draft better contracts faster.