Interim Milestones definition

Interim Milestones means (i) the development of the written policies and procedures, including the control matrices based on the Purchaser’s standard template for such matrices, constituting the ACC Internal Reporting Controls, (ii) the preliminary testing/walk-through by the Purchaser’s Reporting Controls Advisors of the implemented ACC Internal Reporting Controls, (iii) the remediation of any ACC Internal Reporting Controls not in compliance with Section 404 and (iv) the subsequent testing/walk-through by the Purchaser’s Reporting Controls Advisors of the implemented ACC Internal Reporting Controls.
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Interim Milestones and individually as an “Interim Milestone”), by the applicable Milestone Date for each such Interim Milestone, then Tenant shall be entitled to one (1) day of free Base Rent (the “Interim Milestone Abatement”) for each day following the applicable Milestone Date until the earlier of the date the applicable Interim Milestone is achieved or the 30th day following the applicable Milestone Date. If the applicable Interim Milestone has not been achieved within 30 days following the applicable Milestone Date, then the Interim Milestone Abatement shall be increased to two (2) days of free Base Rent for each day of delay beginning on the 31st day following the applicable Milestone Date until the applicable Interim Milestone is achieved. The foregoing Interim Milestone Abatement shall be based on the Base Rent for the entire Premises, and such abatement shall not include Tenant’s Pro Rata Share of Operating Expenses. Notwithstanding the foregoing, in the event Landlord subsequently achieves the Delivery Date Milestone and the Project Completion Milestone by the applicable Milestone Dates, then notwithstanding such delay in any of the Interim Milestones, Tenant shall not be entitled to the Interim Milestone Abatement; it being agreed that such Interim Milestone Abatement shall be null and void.
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Interim Milestones means (i) the development of the written policies and procedures, including the control matrices based on the Purchaser's standard template for such matrices, constituting the ACC Internal Reporting Controls,
Sample 1Sample 2

Examples of Interim Milestones in a sentence

  • The Interim Milestones are Seller's best estimate of the schedule for construction and installation of the Project and the failure of Seller to meet any such other interim milestone will not itself be a breach.

  • Seller shall provide monthly status reports on development activity relative to the Interim Milestones, including any actual or anticipated delays and efforts to mitigate the delay.


More Definitions of Interim Milestones

Interim Milestones has the meaning set forth in Section 4.1(i).
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Interim Milestones means US 290 Westbound East Segment Completion, US 290 Eastbound East Segment Completion, US 290 Eastbound West Segment Completion, US 290 Westbound West Segment Completion, Old Bee Cave Road Offsite Detention Area Completion and SH 71 Offsite Detention Area Completion.
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Interim Milestones shall have the meaning set forth in Subsection 5.3.2.
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Interim Milestones has the meaning set forth in Section 4.1(a)(i).
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Related to Interim Milestones

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Timeline means the list of critical dates and actions included in the Introductory Materials.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Final Completion Date means the date on which Final Completion occurs.