Minimum Acceptance Criteria Correction Period has the meaning set forth in Section 11.4B.
Minimum Acceptance Criteria Correction Period to correct the Work to enable Subproject 3 to achieve the Minimum Acceptance Criteria and otherwise achieve Substantial Completion. If Subproject 3 has not achieved the Minimum Acceptance Criteria and Substantial Completion upon the termination of the Minimum Acceptance Criteria Correction Period, then Owner shall have, in its sole discretion, the option of either (a) granting Contractor up to an additional ten (10) month Minimum Acceptance Criteria Correction Period under the same terms and conditions as the first, including the application of Section 13.1 (subject to Section 20.2A); or (b) declaring Contractor Default pursuant to Article 16, in which case Owner shall be entitled to immediately (and without any cure period allowed) terminate Contractor’s performance of the Work in accordance with Section 16.1A, and Owner shall have all of the rights under Section 16.1, including all Delay Liquidated Damages owed but subject to Section 20.2A, provided that Owner shall not be entitled to any Performance Liquidated Damages for a termination under this Section 11.4B with respect to Subproject 3. If, on the other hand, Subproject 3 has achieved the Minimum Acceptance Criteria and Substantial Completion during the Minimum Acceptance Criteria Correction Period (or during the second ten (10) month period, should Owner elect that option), then Contractor shall be liable to Owner for Delay Liquidated Damages up to the date of Substantial Completion of Subproject 3 (subject to Section 20.2A) and all Performance Liquidated Damages owed (subject to Section 20.2B).
Minimum Acceptance Criteria Correction Period to correct the Work to enable Project 4 to achieve the Minimum Acceptance Criteria and otherwise achieve Substantial Completion. If Project 4 has not achieved the Minimum Acceptance Criteria and Substantial Completion upon the termination of the Minimum Acceptance Criteria Correction Period, then Owner shall have, in its sole discretion, the option of either (a) granting Contractor up to an additional twelve (12) month Minimum Acceptance Criteria Correction Period under the same terms and conditions as the first, including the application of Section 13.1 (subject to Section 20.2A); or (b) declaring Contractor Default pursuant to Article 16, in which case Owner shall be entitled to immediately (and without any cure period allowed) terminate Contractor’s performance of the Work in accordance with Section 16.1A, and Owner shall have all of the rights under Section 16.1, including all Delay Liquidated Damages owed but subject to Section 20.2A, provided that Owner shall not be entitled to any Performance Liquidated Damages for a termination under this Section 11.5B with respect to Project 4 that did not achieve the Minimum
Examples of Minimum Acceptance Criteria Correction Period in a sentence
If, on the other hand, Train 4 has achieved all of the Minimum Acceptance Criteria and Substantial Completion during the Minimum Acceptance Criteria Correction Period (or during the optional Additional Minimum Acceptance Criteria Period, should Owner elect that option), then Contractor shall be liable to Owner for all Liquidated Damages under Section 13.1.
More Definitions of Minimum Acceptance Criteria Correction Period
Minimum Acceptance Criteria Correction Period to correct the Work to enable the Facility to achieve all of the Minimum Acceptance Criteria and otherwise achieve Substantial Completion. If the Facility has not achieved all of the Minimum Acceptance Criteria and Substantial Completion upon the termination of the Minimum Acceptance Criteria Correction Period, then Owner shall have, in its sole discretion, the option of either (i) granting Contractor a second one hundred and eighty (180) Day Minimum Acceptance Criteria Correction Period under the same terms and conditions as the first, including the application of Section 13.1B; or (ii) claiming Contractor Default pursuant to Article 16. If, on the other hand, the Facility has achieved all of the Minimum Acceptance Criteria and Substantial Completion during the Minimum Acceptance Criteria Correction Period (or during the second one hundred and eighty (180) Day period, should Owner elect that option), then Contractor shall be liable to Owner for all Delay Liquidated Damages and the payment of the Performance Liquidated Damages for any Performance Guarantees not achieved.