Examples of Planned Full Services Commencement Date in a sentence
The Concession Agreement sets forth certain events, upon the occurrence of which the Concessionaire is entitled to claim relief from certain of its obligations, such as extension of the Planned Full Services Commencement Date and/or Full Services Commencement Longstop Date, relief from the allocation of Noncompliance Points and/or from any right which HPTE would otherwise have to assert that circumstances amounted to a Concessionaire Default.
Permitting or requiring the Concessionaire to continue and finish the Phase 2 Work or any part thereof after the Planned Full Services Commencement Date shall not act as a waiver of HPTE's right to receive Liquidated Damages or to receive sums in accordance with Section 20.2(a) hereunder or any rights or remedies otherwise available to HPTE.
Once the Commencement Date has occurred the Concessionaire is obligated to complete the Phase 2 Work in accordance with the Concession Agreement, HPTE Phase 2 Work Requirements, the Concessionaire’s Phase 2 Work Proposals, Good Industry Practice, and all applicable Law to achieve Phase 2 Work Completion by the Planned Full Services Commencement Date (which is December 31, 2015 or such other date agreed or determined to be the Planned Full Services Commencement Date pursuant to the Concession Agreement).
HPTE’s share of Toll Revenues from the I-25 Managed Lanes and the Phase 1 Managed Lanes is equal to $15,000 per day (or portion of a day) for each day from the Planned Full Services Commencement Date until the date the Phase 2 Construction Work is completed, up to a maximum amount of $5,475,000.
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The Concessionaire acknowledges and agrees that the Liquidated Damages have been set based on an evaluation by HPTE of damages, it will incur if there is a failure to achieve the Full Services Commencement Date by the Planned Full Services Commencement Date.
Premium brands of liquor are not included however you can order them at an additional fee.
HPTE may require payment of daily liquidated damages by the Concessionaire and receive a share of Toll Revenues from the Concessionaire for failure by the Concessionaire to achieve the completion of the Phase 2 Construction Work by the Planned Full Services Commencement Date, as it may be extended.
The Concessionaire will promptly begin the Phase 2 Work so as to achieve Phase 2 Work Completion on or before the Planned Full Services Commencement Date and will commence the delivery of the Services and the Snow and Ice Control Services in relation to the I-25 Managed Lanes and the I-25 Shared Bridge Decks and shall start to receive Toll Revenues in relation to the I-25 Managed Lanes.
Brunei Darussalam, Lao PDR, Myanmar, the Philippines as well as staff members of the ASEAN Secretariat expressed regret for their inability to participate in this Meeting.