Milestone Delivery Date definition

Milestone Delivery Date means the date of the Milestone Delivery Date applicable to the CfD (Phase 1) Agreement, unless the CfD (Phase 1) Agreement is terminated prior to that date pursuant to Condition 51.8 (Qualifying Change in Law termination) of the CfD (Phase 1) Agreement, in which case it shall be on the same date as the Initial Milestone Delivery Date, as defined in the CfD (Phase 1) Agreement.”

Milestone Delivery Date means the Initial Milestone Delivery Date, as such date may be extended day for day for each day of delay to the Project by reason of:

Milestone Delivery Date means the date falling thirty-three (33) months after the Final Investment Decision as such date may be extended day for day for each day of delay to the Project by reason of Force Majeure affecting the Generator or its Representatives who are engaged in connection with the Project and acting in that capacity but, in the case of its Representatives, only to the extent that the relevant Representative’s failure or delay in the performance of its obligations by reason of the Force Majeure does in fact cause delay to the Project;

Examples of Milestone Delivery Date in a sentence

• Key Milestone Delivery Date Please attach the project xxxxx chart as an Appendix.

• Where they enter into a CfD which is subsequently terminated before the Milestone Delivery Date (18 months after signature) or as a failure to meet the milestone requirement, this also triggers the NDD (a non-delivery case under Regulation 14A(1)(b)).In either case, the NDD bars them from applying in respect of a CfD unit at the same site in the next applicable allocation round (Regulation 14A(2)) (subject to exceptions detailed at Regulation 14A(4) and (5)).

• As a result of these amendments, a temporary site exclusion will apply where a project is terminated in its first 13 months (defined by reference to an ascertainable date: the ‘CFD notification’ date – a term explained at section 12 of the Energy Act 2013), or at a later stage for failure to meet specified delivery stages by the Milestone Delivery Date (as that term was defined in the CFD).

• The government welcomes views on the proposed drafting change to extend the Milestone Delivery Date in the CfD contract to 18 months.Energy UK agrees with the proposal to extend the Milestone Delivery Date in the CfD contract to 18 months.

• Condition 6 “Adjustments to Installed Capacity Estimate: Permitted reduction” sets out the process to reduce the IC by giving notice (the “ ICE Adjustment Notice”) prior to the Milestone Delivery Date (“MDD”) where the Generator considers that the IC will be lower than the IICE.

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• Yes, the Initial Installed Capacity Estimate (“IICE”) can be reduced in advance of the Milestone Delivery Date (MDD) but to no less than 75% of the IICE as a Permitted reduction by giving notice prior to the MDD.

• We therefore propose to remove the six consecutive hours element of the negative pricing rule so that difference payments are not made to generators whenever the Intermittent Market Reference Price is negative for any period of time.Extending the Milestone Delivery Date (MDD)The Milestone Delivery Date (MDD) is a means of ensuring projects are making progress towards delivering their projects by demonstrating a certain amount of investment by a particular date.

• The government welcomes views on the benefits, such as successful delivery of projects or reduced costs for consumers, that would result from extending the Milestone Delivery Date for: (i) the project commitments route only, or also (ii) the 10% spend route.

• An onshore Facility with an Initial Installed Capacity Estimate (“IICE”) of 160 MW has before the Milestone Delivery Date (“MDD”) adjusted the Installed Capacity Estimate (“ICE”) to 120 MW (the Revised ICE).Consequentially, the Required Installed Capacity (“RIC”) is 114MW, being 95% of the Revised ICE.

More Definitions of Milestone Delivery Date

Milestone Delivery Date means a date [a period to be determined] after the Agreement Date. Milestone Requirement [this definition is still under development]

Milestone Delivery Date means, for each Target Fee Payment Milestone, the date specified in the column headed "Milestone Delivery Date" in the relevant table set out in in Appendix K (Target Fee Payment Milestones) to Schedule 6 (Finance) and shown in the Contract Baseline;

Milestone Delivery Date means a date [a period to be determined] after the Agreement Date. means a date: (i) for CCUS-Enabled Facilities, eighteen (18) months; and (ii) for Electrolytic Facilities, twelve (12) months after the Agreement Date but this period may be extended in some specific circumstances such as Force Majeure, CO2 T&S Commissioning Delay Events (for CCUS-Enabled Facilities only) and, where applicable, for delays by the relevant authority in establishing an electricity grid connection, gas grid connection and/or water connection. Milestone Requirement [this definition is still under development]has the meaning given to that term in item 2.4 (Milestone Requirement).

Milestone Delivery Date shall have the meaning assigned to such term in Section 2.10(d) .

Milestone Delivery Date the reference to “the Generator” in subparagraph (B) shall be deleted and replaced with “a UJV Party”.