Optional Project definition
Examples of Optional Project in a sentence
If the Project Performance Test Results of such Optional Project Performance Re-Test show that one or more of the Minimum Performance Test Requirements were not achieved, Seller shall, at its sole expense, conduct additional Optional Project Performance Re-Tests until the Project Performance Test Results show that all of the Minimum Performance Test Requirements have been achieved.
Following any Required Project Performance Re-Test or Optional Project Performance Re-Test pursuant to this Section 9.2(d), this Section 9.2(d) shall apply again until Seller is not required to perform a Required Project Performance Re-Test, and elects not to (or is not permitted to) perform an Optional Project Performance Re-Test, under this Section 9.2(d).
The Concessionaire shall not be obliged to seek or await any observations of the Authority or the Independent Engineer(s) on the designs and drawings related to Optional Project Facilities.
Company may decide to exercise the Optional Project Segments in any manner, e.g. to partially retain Contractor as Project integrator of third party field equipment or both as an integrator and Field Equipment supplier, as further detailed in Chapters 1.4 and 1.5 of the SOW.
Exercise of Optional Project Segments in whole or in part (in any quantities whatsoever) shall not be deemed as a Change Request even if entitled as such.
Updates and Upgrades shall be provided promptly upon availability thereof and also, without limitation, to the extent required to keep the System and Field Equipment current and compatible with Updates and Upgrades of third party software and software platforms, any Optional Project Segments and/or Change Requests exercised.
Any description of the Optional Project Segment Works included herein shall not be deemed as a binding commitment by Company to exercise the Optional Project Segment option above, in whole or in part, if any, and any Field Equipment quantities therein constitute only a non-binding forecast on behalf of Company.
The prices submitted by the successful Tenderer will be applied to inform and calculate the price for undertaking the Optional Project.
As full and final consideration for fulfillment of all Contractor's obligations and all rights and licenses granted herein in connection with the Optional Project Segments, if and to the extent exercised by Company via a Purchase Order(s), Company shall pay the Contractor the amounts set forth in such Purchase Order(s) (determined by Company in accordance with Exhibit K), subject to Acceptance of the milestones set forth such Purchase Order(s).
To the extent that Company provides Contractor with a Purchase Order exercising any Optional Project Segments (in whole or in part), Contractor hereby irrevocably agrees and undertakes that it shall timely execute such Optional Project Segments, in accordance with the terms of this Agreement and the Purchase Order and shall have no discretion in connection therewith.