Construction Milestone definition

Construction Milestone shall have the meaning assigned to it in subparagraph 5(B)(2) of the Construction Management Agreement.

Construction Milestone means when Seller has issued a notice to proceed to any contractor performing substantial work at the Site and physical activity has occurred at the Site, such as grading, earthwork, equipment installation, or other civil works, signaling construction has begun with regards to Early Termination in Section 2.3 and Daily Delay Liquidated Damages in Section 3.3. Construction Milestone Date ­ shall be set to ninety (90) Days following the Effective Date with regards to Early Termination in Section 2.3 and Daily Delay Liquidated Damages in Section 3.3.2.

Construction Milestone means the construction milestones that must be satisfied under Applicable Law to entitle the Seller to receive each Instalment, as verified and confirmed by the Project Manager or Relevant Authority; Contractor means the contractor(s) engaged by the Seller to carry out the Building Works; Declaration of Adherence and Acknowledgement means the form of declaration of adherence to the Governance Documents and/or the other documents referred to therein and acknowledgement that the Unit has been delivered to the Purchaser in accordance with this Agreement in the form attached as Schedule 5 as may be varied by the Seller from time to time; Deficiencies has the meaning as defined in clause 4.1(a);

Examples of Construction Milestone in a sentence

• These progress reports shall notify Company of the current status of each Construction Milestone.

• In addition, Seller shall advise Company, as soon as reasonably practicable, of any problems or issues of which Seller is aware which could materially impact its ability to timely achieve any Construction Milestone.

• Seller shall provide Company with any requested documentation to support the achievement of an applicable Construction Milestone within ten (10) Business Days of receipt of such request from Company.

• In the event the Concessionaire achieves Project Completion by SCOD, the Damages recovered by the Authority for failure in achievement of Mid-Term Construction Milestone shall be returned, without interest, to the Concessionaire.

• The Concessionaire shall, within 15 (fifteen) days from the end of 12th (twelfth) month from Commencement Date, submit a report to IE&A and Authority confirming the actual status of compliance on the Mid-Term Construction Milestone.

More Definitions of Construction Milestone

Construction Milestone is a stage of the Works described in Schedule 1, as amended or adjusted in accordance with this Deed, noting that Completion of the last Section to be Completed is not such a stage.

Construction Milestone each of the following dates: (i) for purposes of achieving the start of construction (Comienzo de Construcción) under the PPA, August 24, 2017; (ii) for purposes of achieving financial close (Cierre Financiero) under the PPA, December 22, 2017; (iii) for purposes of the acceptance of equipment (Llegada de Equipos) under the PPA, July 16, 2018; and (iv) for purposes of achieving the Commercial Operations Date, October 4, 2018; “Construction Schedule” the construction schedule for the Project reflecting the date scheduled for the achievement of each Construction Milestone in accordance with the terms of the PPA;

Construction Milestone has the meaning set forth in Article 7(b)

Construction Milestone means an event and associated completion date as described in Exhibit F.

Construction Milestone means the date(s) by which Seller intends to achieve the corresponding result(s) specified in such date(s) (including the Required Commercial Operation Date) set forth in Schedule 6, as such date(s) may be extended pursuant to Clause 4.2.2.

Construction Milestone means each milestone for the Initial Investment Projects and the Expansion Investment Projects set forth in Schedule 13 and each milestone for any other Cruise Pier Improvement Project set forth in any supplement to this Agreement or Agreed Modification as the case may be.

Construction Milestone. SCHEDULE" shall have the meaning ascribed to that term in Section 2.6 of this Agreement.