Guaranteed Final Acceptance Date definition

Guaranteed Final Acceptance Date means twelve (12) months after the Guaranteed Provisional Acceptance Date, unless on or before the end of such twelve (12) month period (i) the Facility has achieved Interim Acceptance or (ii) the Facility has achieved Provisional Acceptance and Contractor shall have submitted a Plan to Owner and the Independent Engineer that demonstrates to the reasonable satisfaction of Owner and the Independent Engineer that Contractor will achieve Interim Acceptance of the Facility on or before the date that is twenty-four (24) months after the Guaranteed Provisional Acceptance Date, in either of which cases the Guaranteed Final Acceptance Date shall be twenty-four (24) months after the Guaranteed Provisional Acceptance Date, and in any case which date is subject to adjustment as expressly provided in this Agreement.
Sample 1Sample 2Sample 3
Guaranteed Final Acceptance Date has the meaning set forth in Section 6.7.3 hereof. “Guaranteed Substantial Completion Date” means the date on which Substantial Completion shall occur, which date shall be no later than twenty-nine (29) calendar months after the Commencement Date, as the same may be adjusted from time to time pursuant to the terms of this Agreement.
Sample 1Sample 2
Guaranteed Final Acceptance Date means thirteen (13) months and fourteen (14) days after the Guaranteed Provisional Acceptance Date"; and
Sample 1

Examples of Guaranteed Final Acceptance Date in a sentence

  • Late Completion Payments shall be paid by Contractor or withheld by Concessionaire, as applicable, in arrears at the payment intervals applicable to Scheduled Payments beginning after the Guaranteed Substantial Completion Date or the Guaranteed Final Acceptance Date, as applicable, with the last such payment to occur on the date on which Substantial Completion or Final Acceptance, as applicable, actually occurs.

  • Utilizing the critical path method, Contractor shall be aware of factors that are delaying or that could delay the Work beyond the Guaranteed Commercial Delivery of Power Date or the Guaranteed Final Acceptance Date (as applicable)and shall take remedial actions reasonably within its control to eliminate or minimize schedule delays including, without limitation, over‑time for the employees of Contractor and Subcontractors and the assignment of additional personnel and/or other resources.

  • Accordingly, Contractor shall pay to Owner, as liquidated and agreed damages and not as a penalty, $3,000 for each day after the Guaranteed Commercial Delivery of Power Date that Commercial Delivery of Power in not Achieved and is not excused and $1,500 for each day after the Guaranteed Final Acceptance Date that Final Acceptance for the Project is not achieved and is not otherwise excused (collectively, the “Schedule Liquidated Damages”).

  • The items on Concessionaire’s Punch List shall be completed by Contractor within sixty (60) days after the Guaranteed Final Acceptance Date, and Concessionaire may draw on the Letter of Credit and use the proceeds of such drawing to provide for the prompt completion of the items remaining on Concessionaire’s Punch List after such sixty (60)-day period.

  • Nothing contained in this ARTICLE 5 shall relieve Contractor of its obligation to pay Schedule Liquidated Damages, in accordance with ARTICLE 11, in the event (i) Commercial Delivery of Power is not achieved by the Guaranteed Commercial Delivery of Power Date or (ii) that Final Acceptance is not achieved by the Guaranteed Final Acceptance Date.

  • Subject only to the adjustments permitted in accordance with this Agreement, Contractor guarantees that Substantial Completion will be achieved on or before the Guaranteed Substantial Completion Date and that Final Acceptance will be achieved on or before the Guaranteed Final Acceptance Date.

  • Concessionaire may withhold from the Final Payment the sum of (x) one hundred fifty percent (150%) of the amount reasonably estimated by Concessionaire to cover the costs of causing the DB Project to reach Final Acceptance if not achieved by the Guaranteed Final Acceptance Date, plus (y) the unpaid amount of all Subcontracts for which a final release and waiver has not been obtained or for which Contractor has not provided a satisfactory payment bond to protect the Project and Concessionaire.

  • Except as otherwise set forth herein, no action by Owner or Contractor (unless Owner specifically agrees to the contrary in writing) required or permitted under this Article shall affect the Guaranteed Commercial Delivery of Power Date, the Guaranteed Final Acceptance Date, the Outside Completion Date or any other scheduled date described or defined under the terms of the Critical Path Schedule or other Contract Document.

  • Following any such remedial action, Contractor shall deliver to Owner a new notice of Mechanical and Electrical Completion and the provisions of this Section 10.3, shall apply with respect to such new Mechanical and Electrical Completion notice in the same manner as they applied to the original Mechanical and Electrical Completion notice so long as, if the Guaranteed Final Acceptance Date shall have passed, Contractor is paying Schedule Liquidated Damages when due in accordance with ARTICLE 11.

  • All changes to the Guaranteed Substantial Completion Date, the Guaranteed Final Acceptance Date or the Long Stop Date and conforming changes to the Project Schedule shall be reflected in a Scope Change Order entered into pursuant to Section 12.1.


More Definitions of Guaranteed Final Acceptance Date

Guaranteed Final Acceptance Date means the later of (i) November 5, 2022, as such date may be adjusted only as expressly permitted under this Agreement, and (ii) the date that is three (3) months after the Substantial Completion Date. Guaranteed Substantial Completion Date means July 8, 2022, as such date may be adjusted only as expressly permitted under this Agreement.
Sample 1
Guaranteed Final Acceptance Date means the later of (i) November 5, 2022, as such date may be adjusted only as expressly permitted under the Lease, and (ii) the date that is three (3) months after the Substantial Completion Date. Guaranteed New Facilities Construction Milestone Completion Date means, with respect to any New Facilities Construction Milestone, the date identified on Exhibit 35-A by which the Developer guarantees to achieve Partial Completion of such New Facilities Construction Milestone pursuant to the Lease, as such date may be adjusted only as expressly permitted under the Lease. Guaranteed Substantial Completion Date means July 8, 2022, as such date may be adjusted only as expressly permitted under the Lease.
Sample 1
Guaranteed Final Acceptance Date means [____________], 2019.
Sample 1
Guaranteed Final Acceptance Date means, for each Production Line, thirty (30) days after the date specified in the Milestone Schedule for Final Acceptance of such Production Line, as such date may be extended by a Change Order pursuant to Article 5.
Sample 1
Guaranteed Final Acceptance Date in Section 1.1 of the Agreement shall be amended and revised so as to be deleted in its entirety and replaced by the following definition: ""GUARANTEED FINAL ACCEPTANCE DATE" means thirteen (13) months and fourteen (14) days after the Guaranteed Provisional Acceptance Date"; and
Sample 1

Related to Guaranteed Final Acceptance Date

  • Final Acceptance Date means, in respect of any Offer, the final date for acceptance of such Offer which, if such Offer is extended prior to becoming unconditional, shall be the final date for acceptance of the extended Offer (but, if such Offer is or becomes unconditional, disregarding any additional or further period during which such Offer is open for acceptance);

  • Final Acceptance means final written acceptance of all the Work by the Commissioner, a copy of which shall be sent to the Contractor.

  • Acceptance Date has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Operational Acceptance Tests means the tests specified in the Technical Requirements and Agreed Project Plan to be carried out to ascertain whether the System, or a specified Sub system, is able to attain the functional and performance requirements specified in the Technical Requirements and Agreed Project Plan, in accordance with the provisions of GCC Clause 27.2 (Operational Acceptance Test).

  • Final Acceptance Certificate “– shall mean ISR's issuance of a signed Final Acceptance Certificate in the form attached hereto as Appendix D.

  • Operational Acceptance means the acceptance by the Procuring Entity of the Facilities (or any part of the Facilities where the Contract provides for acceptance of the Facilities in parts), which certifies the Contractor's fulfillment of the Contract in respect of Functional Guarantees of the Facilities (or the relevant part thereof) in accordance with the provisions of GCC Clause 28 (Functional Guarantees) hereof and shall include deemed acceptance in accordance with GCC Clause 25 (Commissioning and Operational Acceptance) hereof.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Additional Accelerated Purchase Date means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, the Business Day (i) that is the Accelerated Purchase Date with respect to the corresponding Accelerated Purchase referred to in clause (i) of the proviso in the second sentence of Section 2(c) hereof and (ii) on which the Investor receives, prior to 1:00 p.m., Eastern time, on such Business Day, a valid Additional Accelerated Purchase Notice for such Additional Accelerated Purchase in accordance with this Agreement.

  • Scheduled Final Payment Date means, with respect to the Storm Recovery Bonds, the date with respect to each tranche when all interest and principal is scheduled to be paid in accordance with the Expected Sinking Fund Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date shall be the last Scheduled Payment Date set forth in the Expected Sinking Fund Schedule. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Storm Recovery Bonds.

  • Additional Accelerated Purchase Share Volume Maximum means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, a number of shares of Common Stock equal to (i) the number of Purchase Shares specified by the Company in the applicable Additional Accelerated Purchase Notice as the Additional Accelerated Purchase Share Amount to be purchased by the Investor in such Additional Accelerated Purchase, divided by (ii) the Additional Accelerated Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Grace Period Extension Date means, if:

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response Date, the Discount Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B)(1), Section 2.05(a)(v)(C)(1) or Section 2.05(a)(v)(D)(1), respectively, unless a shorter period is agreed to between the Borrower and the Auction Agent.

  • Additional Accelerated Purchase Share Amount means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, the number of Purchase Shares directed by the Company to be purchased by the Investor on an Additional Accelerated Purchase Notice, which number of Purchase Shares shall not exceed the lesser of (i) 300% of the number of Purchase Shares directed by the Company to be purchased by the Investor pursuant to the corresponding Regular Purchase Notice for the corresponding Regular Purchase referred to in clause (i) of the proviso in the second sentence of Section 2(c) hereof (subject to the Purchase Share limitations contained in Section 2(a) hereof) and (ii) an amount equal to (A) the Additional Accelerated Purchase Share Percentage multiplied by (B) the total number (or volume) of shares of Common Stock traded on the Principal Market during the period on the applicable Additional Accelerated Purchase Date beginning at the Additional Accelerated Purchase Commencement Time for such Additional Accelerated Purchase and ending at the Additional Accelerated Purchase Termination Time for such Additional Accelerated Purchase.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • LCA Test Date has the meaning assigned to such term in Section 1.06.

  • Commencement Date or Handover Date means the date on which the Licensed Space of first lot of stations as per Annexure 1 is handed over by DMRC to the Selected Bidder, in accordance with the terms of this agreement.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Additional Accelerated Purchase Share Percentage means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, thirty percent (30%).

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Acceptance Test is a test of the Features executed by the Customer to prepare the acceptance.

  • Additional Accelerated Purchase Price means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, ninety-seven percent (97%) of the lower of (i) the VWAP for the period on the applicable Additional Accelerated Purchase Date, beginning at the time mutually agreed by the Company and the Investor and set forth in the applicable Additional Accelerated Purchase Notice delivered by the Company to the Investor with respect to such Additional Accelerated Purchase, which shall not be earlier than the latest of (A) the applicable Accelerated Purchase Ending Time with respect to the corresponding Accelerated Purchase referred to in clause (i) of the proviso in the second sentence of Section 2(c) hereof on such Additional Accelerated Purchase Date, (B) the applicable Additional Accelerated Purchase Ending Time with respect to the most recently completed prior Additional Accelerated Purchase on such Additional Accelerated Purchase Date, as applicable, and (C) the time at which all Purchase Shares subject to all prior Accelerated Purchases and Additional Accelerated Purchases (as applicable), including, without limitation, those that have been effected on the same Business Day as the applicable Additional Accelerated Purchase Date with respect to which the applicable Additional Accelerated Purchase relates, have theretofore been received by the Investor as DWAC Shares in accordance with this Agreement (such mutually agreed beginning time, the “Additional Accelerated Purchase Commencement Time”), and ending at the earliest of (X) 4:00 p.m., Eastern time, on such Additional Accelerated Purchase Date, or such other time publicly announced by the Principal Market as the official close of trading on the Principal Market on such Additional Accelerated Purchase Date, (Y) such time, from and after the Additional Accelerated Purchase Commencement Time for such Additional Accelerated Purchase, that total number (or volume) of shares of Common Stock traded on the Principal Market has exceeded the applicable Additional Accelerated Purchase Share Volume Maximum, and (Z) such time, from and after the Additional Accelerated Purchase Commencement Time for such Additional Accelerated Purchase, that the Sale Price has fallen below the applicable Additional Accelerated Purchase Minimum Price Threshold (if any) (such earliest of (i)(X), (i)(Y) and (i)(Z) above, the “Additional Accelerated Purchase Ending Time”), and (ii) the Closing Sale Price of the Common Stock on such Additional Accelerated Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Class A-4 Final Scheduled Payment Date means July 15, 2031.