Examples of Full Services Commencement Date in a sentence
HPTE may waive any of the Conditions Precedent to the Commencement Date (save for the second condition precedent to that date listed in Part 1a of Schedule 2), and any of the Conditions Precedent to the Phase 1 Services Commencement Date and any of the Conditions Precedent to the Full Services Commencement Date; provided that no Person will be entitled to assume that HPTE will waive or refuse to waive any condition precedent in the absence of strict compliance therewith.
Permitting or requiring the Concessionaire to continue and finish the Phase 2 Work or any part thereof after the Planned Full Services Commencement Date shall not act as a waiver of HPTE's right to receive Liquidated Damages or to receive sums in accordance with Section 20.2(a) hereunder or any rights or remedies otherwise available to HPTE.
Upon the occurrence of the Full Services Commencement Date, the Concessionaire will commence delivery of the Services and the Snow and Ice Control Services in relation to the Managed Lanes and the US 36 General Purpose Lanes as an integrated system.
The Concessionaire acknowledges and agrees that the Liquidated Damages have been set based on an evaluation by HPTE of damages, it will incur if there is a failure to achieve the Full Services Commencement Date by the Planned Full Services Commencement Date.
Any such request shall specify any change to the Planned Full Services Commencement Date and the Full Services Commencement Longstop Date which the Concessionaire considers to be necessary as a consequence of the change to the Financial Close Deadline Date (giving a reasonably detailed explanation of how the new dates have been assessed) and confirm that the Financial Close Security will remain in full force and effect up to the proposed new Financial Close Deadline Date.
The Concessionaire will not commence delivery of the Services and the Snow and Ice Control Services in respect of the Managed Lanes as an integrated system and the US 36 General Purpose Lanes until the Conditions Precedent to the Full Services Commencement Date have been satisfied (or HPTE shall have waived such conditions).
If the Concessionaire selects an ETCS other than that installed at the Full Services Commencement Date, it will coordinate with HPTE prior to the implementation or any change of such system to ensure interoperability and compatibility with the system then utilized on other State Highways in accordance with applicable Law.
HPTE agrees that the payment of Liquidated Damages under Section 20.2(a) and the reduction of the right to receive Toll Revenues under Section 20.2(b) are the sole and exclusive remedies for, and shall constitute full and final satisfaction of, any and all damages that may be claimed by HPTE as a result of the Concessionaire not achieving Phase 2 Work Completion by the Planned Full Services Commencement Date.
The Concessionaire will promptly begin the Phase 2 Work so as to achieve Phase 2 Work Completion on or before the Planned Full Services Commencement Date and will commence the delivery of the Services and the Snow and Ice Control Services in relation to the I-25 Managed Lanes and the I-25 Shared Bridge Decks and shall start to receive Toll Revenues in relation to the I-25 Managed Lanes.
Costs of rearranging the Concessionaire’s work plan not associated with an extension of the Planned Full Services Commencement Date and/or the Full Services Commencement Longstop Date shall not be compensable hereunder.