Bonus on early completion Sample Clauses

Bonus on early completion. In the event that the Concessionaire shall achieve COD on or more than 30 (thirty) days prior to the Scheduled Completion Date, the Authority shall pay to the Concessionaire a bonus equal to 0.5% (Zero point five per cent) of 60 % (Sixty per cent) of the Bid Project Cost for the first 30 (thirty) days by which COD shall precede the Scheduled Completion Date and thereafter the said bonus shall be calculated on the pro-rata basis for each day preceding the said 30 (thirty) days period. The Bonus shall be due and payable to the Concessionaire alongwith the 1st(first) Annuity Payment.
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Bonus on early completion. In the event that the Concessionaire shall achieve COD more than 30 (thirty) days prior to the Scheduled Completion Date, the Authority shall pay to the Concessionaire a bonus equal to 1/30% (one by thirty per cent) of the Completion Cost for every day by which COD shall precede the Scheduled Completion Date.
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Bonus on early completion. In the event that the Project Completion Date occurs prior to the Scheduled Completion Date, the Concessionaire shall be entitled to receive a payment of bonus equivalent to 0.03% (zero point zero three per cent) of the Annuity Payment as specified in Clause 19.1.1 for each day by which the Project Completion Date precedes the Scheduled Completion Date, but subject to a maximum of 3% (three per cent) of the Annuity Payment. Provided, however, that the payment of bonus, if any, shall be made only after the issue of the Completion Certificate. The bonus will be paid along with Annuity Payments as specified in Clause 19.3.1.
Sample 1
Bonus on early completion. If the Construction Completion Date for a Facility occurs prior to the Scheduled Construction Completion Date, the Concessionaire shall be entitled to a bonus equal to 0.05% of the relevant Performance Security for each day by which the Construction Completion Date precedes the Scheduled Construction Completion Date.
Sample 1
Bonus on early completion. If the Construction Completion Date for any STP Facility occurs prior to the respective Scheduled STP Construction Completion Date, the Concessionaire shall be entitled to a bonus equal to 0.05% of the relevant STP Performance Security for each day by which the Construction Completion Date precedes the Scheduled STP Construction Completion Date.
Sample 1
Bonus on early completion. In the event that the Project Completion Date occurs prior to the Scheduled Completion Date, the Concessionaire shall be entitled to receive a payment of bonus equivalent to 0.03% (zero point zero three per cent) of the Contract Price for each day by which the Project Completion Date precedes the Scheduled Completion Date, but subject to a maximum of 3% (three per cent) of the Project Cost. Provided, however, that the payment of bonus, if any, shall be made only after the issue of the Completion Certificate. For the avoidance of doubt, the Parties agree that for the purpose of determining the bonus payable hereunder, the Project Cost shall always be deemed to be the amount specified in Clause 19.1.1, and shall exclude any revision thereof for any reason. The bonus will be paid along with first Annuity Payment instalment.
Sample 1
Bonus on early completion. In the event that the Concessionaire shall achieve COD on or more than 30 (thirty) days prior to the Scheduled Completion Date, the Authority shall pay to theConcessionaire a bonus equal to 0.5% (Zero point five per cent) of [60 % (Sixty per cent)] of the Bid Project Costfor the first30 (thirty) days by which COD shall precede the Scheduled Completion 12 Independent Engineer, during finalization of design, shall upfront decide weightages of all the items in due consultation with the Authority responsible for making payments and recommended percentage physical progress achievements based on the above decided weightages for the entire construction period. The weightages shall be fixed as per format in Annexure – I of Schedule G of this Agreement. Dateand thereafter the said bonus shall be calculated on the pro-rata basis for each day preceding the said 30 (thirty) days period. The Bonus shall be due and payableto the Concessionaire alongwith the 1st(first) Annuity Payment.
Sample 1
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Bonus on early completion. If the Tolly‟s Nallah Construction Completion Date occurs before Scheduled Tolly‟s Nallah Construction Completion Date and/or Garden Reach Construction Completion Date occurs before Scheduled Garden Reach Construction Completion Date, the Concessionaire shall be entitled to a bonus equal to 0.05% of the relevant Location‟s Performance Security for each day by which the Tolly‟s Nallah Construction Completion Date or Garden Reach Construction Completion Date precedes the Scheduled Tolly‟s Nallah Construction Completion Date and/or Scheduled Garden Reach Construction Completion Date, as the case may be. Completion of Construction
Sample 1

Related to Bonus on early completion

  • Early Completion In the event the Design-Builder achieves Substantial Completion of the Project prior to the Substantial Completion Date, the Design-Builder shall maintain the completed Project, at its own expense, until such time that the Department agrees to occupy and use the Project for its intended use.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by September 30, 2022.

  • DATE OF COMPLETION The Developer must ensure that the Developer’s Works reach Completion on or before the date or milestone referred to in clause 1 of Schedule 3 of this document.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • PERFORMANCE PERIOD This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

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