Examples of Phase 2 Completion in a sentence
Prior to the Phase 2 Completion Date, moneys in the Bond Proceeds (Project Costs) Subaccount and the HPTE Capital Subaccount, were disbursed (subject to Section 4.03(e) of the Original Security Agreement) by the Security Trustee to the Concessionaire to pay, or reimburse for a prior payment of construction related Project Costs contemplated in Section 4.03(d)(ii) of the Original Security Agreement (for certainty not including any Debt Service) in the manner and at the time contemplated in such section.
Developer hereby agrees that, subject only to Force Majeure and Section 2.04 hereof, Developer shall Substantially Complete construction of (a) Phase 1 of the Project on or before December 31, 2014 (the "Phase 1 Completion Date") as set forth in the Performance Milestones attached hereto as Exhibit G, and (b) the balance of Phase 2 of the Project on or before the Phase 2 Completion Date set forth in the Performance Milestones attached hereto as Exhibit G.
The Ramp Up Reserve Account was funded on the Phase 2 Completion Date in an amount equal to $6,000,000 from moneys on deposit in the Project Proceeds Account (other than from the Bond Proceeds (Project Costs) Subaccount or the Bond Proceeds (Costs of Issuance) Subaccount).
The Phase 2 Completion of Construction shall occur no later than March 18, 2018.
Additionally, Lessee shall spend a minimum Capital Expenditure amount of Five Million and No/100 Dollars ($5,000,000.00) ("Phase 2 Minimum Capital Expenditure") to complete all the Improvements required in Section 6.2(b) no later than the Phase 2 Completion Date.
Lessee shall provide, upon request, such invoices and other back‐up documentation as may be required by the Aviation Department or the CPA to verify that each phase of Minimum Capital Expenditures has been individually met by Lessee by the respective Phase 1 Completion Date and Phase 2 Completion Date.
Priority List of Emission Sources for the Development of Emission Factors Industry Segment Emissions Sources Timing of Work Production Well Clean Ups Phase 2 Completion Flaring Phase 2 Well Workovers Phase 2 Pipeline Leaks Phase 2 Processing Recip compressors (fugitive) Phase 1 Cent.
Prior to the Phase 2 Commencement of Construction, Concessionaire shall post and maintain until the Phase 2 Completion of Construction a bond, cash deposit or other form of security acceptable to the City in the initial amount of not less than $100,000.
If Lessee does not complete construction of all Phase 2 Improvements as required by this Agreement on or before the Phase 2 Completion Date, then beginning on the Phase 2 Completion Date, the rent then in effect for Parcel A and Parcel C shall be increased to equal twice the rent that was in effect immediately prior to the Phase 2 Completion Date ("Phase 2 Adjusted Rent").
Within one hundred twenty (120) Days after each of the Phase 1 Completion Date and the Phase 2 Completion Date, and also at any other time requested by the Aviation Department, Lessee, at its sole cost and expense, shall provide to the Aviation Department a schedule of all costs it proposes to be considered by the Aviation Department as Capital Expenditures.