Critical Milestones definition
Examples of Critical Milestones in a sentence
At the end of each calendar quarter after the Effective Date and until the Commercial Operation Date, Seller shall provide Buyer with a progress report regarding Critical Milestones not yet achieved, including projected time to completion of the Facility, in accordance with the form attached hereto as Exhibit C, and shall provide supporting documents and detail regarding the same upon Buyer’s request.
Within ten (10) days of the end of each calendar quarter after the Effective Date and until the Commercial Operation Date, Seller shall provide Buyer with a progress report regarding Critical Milestones not yet achieved, including projected time to completion of the Facility, in accordance with the form attached hereto as Exhibit C, and shall provide supporting documents and detail regarding the same upon Buyer’s request.
The Parties agree that time is of the essence with respect to the Critical Milestones and is part of the consideration to Buyer in entering into this Agreement.
Milestones that are Critical Milestones are so indicated in the Project Schedule.
The proposed recovery schedule will, at a minimum, demonstrate the means by which Seller intends to recapture lost time, meet Critical Milestones and achieve Project Substantial Completion by the Guaranteed Project Substantial Completion Date.