Terms and Conditions for Completion of the Project Stages Sample Clauses

Terms and Conditions for Completion of the Project Stages. As a condition precedent to the completion of P roject Stage “1”: 16.2.1. The Operational-Financial Model will be submitted to the approval of the Company pursuant to the provisions of section 15.116.1 herein above (such submission date will be called hereinafter the “Operational-Financial Model Submission Date”). 16.2.2. Within thirty (30) days of the Operational-Financial Model Submission Date, the Company will decide whether: (1) to approve to the Management Venture the Operational-Financial Model; or (2) to conditionally approve the Operational-Financial Model subject to completions and amendments that the Management Venture will be required to complete for the purpose of completion of the Project Stage in the Project. The Company may make additional notes and require additional amendments in relation to the Operational-Financial Model within forty-five (45) days of the Operational-Financial Model Submission Date. If the Operational-Financial Model is not approved by the Company upon the Operational-Financial Model Submission Date, the provisions of Appendix C (consideration) of the Agreement will apply, in the matter of the partial consideration balance attributable to Project Stage “1”, including the following changes, subject to the fulfillment of all the other terms and conditions set forth in section 15.216.2: (1) Eighty points (80%) of the partial consideration balance will be paid to the Management Venture upon the Operational- Financial Model Submission Date; and (2) additional twenty points (20%) of the partial consideration balance for Project Stage “1” will be paid to the Management Venture upon the approval of the Operational-Financial Model by the Company. 16.2.3. The Company will approve the risk survey that will be filed pursuant to the provisions of section 7 (Risk management) herein above. 16.2.4. The Project Documentation Management System will be provided in accordance with the provisions of Section 10 (Information and Documents Systems ) above. 16.2.5. The Company will approve the Operational-Financial Model insofar as it is whole and completed and provides a solution to all the relevant issues for the purpose of forming the operational concept including or the purpose of entering into the engagement, construction and operation of the Supplementary Airport and its translation to the PPP tender documents. 16.2.6. It is clarified hereby that the contact with the statutory team as set forth in sections 16.1.181615. 1. 1618 through 16.1...
Sample 1
AutoNDA by SimpleDocs

Related to Terms and Conditions for Completion of the Project Stages

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.

  • Commencement and Completion of Work The professional services to be performed pursuant to this Agreement shall commence within five (5) days from the Effective Date of this Agreement. Failure to commence work in a timely manner and/or diligently pursue work to completion may be grounds for termination of this Agreement.

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • Time for Completion The Contractor shall deliver the material and/or services called for in the specifications/proposal and within the delivery time specified and in accordance with the terms of the contract. Work shall be completed within 30 days from the Notice to Proceed issued by the City of Sparks Purchasing Division. The Contractor shall not alter or vary any terms or conditions contained or incorporated herein, including but not limited to, the quantity, price, delivery date or date designated as After Receipt of Order (ARO) or date for commencement or completion of services as mutually agreed upon, unless such alteration or variation is consented to in writing by a duly authorized representative of the City. The City reserves the right to cancel resultant Contract upon ten days written notice in the event the type and quality of the product or work performance is unsatisfactory or in default, subject to Contractor’s right to cure as outlined in termination clause. This is a non-exclusive Contract and the City reserves the right to acquire the material and/or services at its discretion, from other sources during the term of this Contract.

  • PROGRESS AND COMPLETION 8.2.1 All time limits stated in the Contract Documents are material terms and time is the essence of the Contract. A failure by Contractor to do what is required by the time specified in the Contract Documents is a breach of the contract. 8.2.2 The Contractor shall begin the Work on the date of commencement as defined in 8.2.3 If in the sole opinion of the State, the Contractor fails to commence work on the project or to complete the work of said project within the time specified above, or to prosecute the work in such a manner that it appears that the completion date can be assured, the State shall have the right to notify the Contractor by Certified Mail that the terms of the Contract have been violated, and that effective immediately the Contract is terminated and the State has the right to and in fact is taking over and attending to completion of the project without prejudice to the State's remedies for any losses sustained

  • Completion of Work The Contractor agrees to complete the work on, or before October 29, 2021.

  • Completion of Repairs Borrower will commence any Repairs as soon as practicable after the date of this Loan Agreement and will diligently proceed with and complete such Repairs on or before the Completion Date. All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property. Borrower agrees to cause the replacement of any material or work that is defective, unworkmanlike or that does not comply with the requirements of this Loan Agreement, as determined by Lender.

  • Completion of the Work The Contractor must obtain Material Completion as defined in Section 6.1.2 below prior to any occupancy of the Project.

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!