Milestone Date definition
Examples of Milestone Date in a sentence
If a Key Milestone has not been Achieved on or before the relevant Milestone Date, the Supplier shall pay a Delay Payment to the Authority in respect of that Key Milestone.
Charging Method(s) for this work Package: Milestone Payment – Fixed Amount to be Paid upon successful completion of the Deliverables in the Work Package in Accordance with Acceptance Criteria and Milestone Date • Invoiced on successful completion of a milestone to the acceptance criteria, with the exception of Milestone 3 (D03) which may be invoiced 50% at the later of the halfway point of delivering D03, or 31st December 2023, and 50% at the completion of DO3.
The Contractor must perform its obligations so as to achieve each Milestone by the agreed Milestone Date.
The Customer, at its discretion and without prejudice to any other rights and remedies of the Customer howsoever arising deem the failure to comply with Clauses 7.1 (Provision of the Goods and/or Services), 9.2 (Time of Delivery of the Goods) and 9.3 (Location and Manner of Delivery of the Goods) and meet the relevant Milestone Date (if any) to be a material Default.
The Customer may, at its discretion and without prejudice to any other rights and remedies of the Customer howsoever arising, deem the failure to comply with Clauses 7.1, (Provision of the Goods and/or Services), 8.2 (Time of Delivery of the Services) and 8.3 (Location and Manner of Delivery of the Services) and meet the relevant Milestone Date (if any) to be a material Default.