Examples of Substantial Completion Guaranteed Date in a sentence
Approval by Owner of an Acceleration Plan shall not be deemed in any way to relieve Contractor of its obligations under this Agreement relating to the failure to achieve Substantial Completion by the Substantial Completion Guaranteed Date, shall not be a basis for an increase in the Contract Price, and shall not limit the rights of Owner under Section 15.1.
Contractor represents and warrants that it has the experience and skills necessary to determine, and Contractor has reasonably determined, that Contractor can perform the Work for the Contract Price and can achieve Substantial Completion by the Substantial Completion Guaranteed Date.
Contractor shall achieve Substantial Completion on or before the Substantial Completion Guaranteed Date, and Final Completion on or before the Final Completion Guaranteed Date.
If the Project fails to achieve the Substantial Completion Date on or prior to close of business on the Substantial Completion Guaranteed Date, then Developer shall pay to PacifiCorp liquidated damages for each day until the Project achieves the Substantial Completion Date, in an amount equal to [ ($ )] per day for the first thirty-one (31) days following the Substantial Completion Guaranteed Date and [ (collectively, the “Delay Liquidated Damages”).
Contractor agrees that if Substantial Completion is not achieved by the Substantial Completion Guaranteed Date then Contractor shall pay Delay Liquidated Damages to Owner in the amount calculated pursuant to Exhibit R for each day or partial day that the Project fails to achieve Substantial Completion after the Substantial Completion Guaranteed Date.
Contractor acknowledges that timely achievement of Substantial Completion by the Substantial Completion Guaranteed Date, and Final Completion by the Final Completion Guaranteed Date, are essential to Owner, and therefore TIME IS OF THE ESSENCE with respect to meeting each of the applicable Project Guaranteed Dates.
The Parties agree that it is difficult or impossible to determine with precision the amount of damages that would be incurred by Owner as a result of Contractor’s failure to meet the Substantial Completion Guaranteed Date or the Performance Guarantees.
Contractor shall prosecute the Work in accordance with the Project Schedule and shall cause Substantial Completion of the Project to occur on or before the Substantial Completion Guaranteed Date (as such date may be extended pursuant to Article 17, Article 22 or any other provision hereof).
The Project Guaranteed Date shall consist of the Substantial Completion Guaranteed Date.
The Substantial Completion Guaranteed Date shall be May 1, 2016, which such date may be modified in accordance with Article 17 of this Contract.