Commencement and Schedule Clause Samples

Commencement and Schedule. The CONTRACTOR shall commence performance of the Work (the “Construction Commencement Date”) within thirty (30) days after occurrence of all following events: (a) issuance of the Generation License by NERC and any other Authorizations required for the Plant; (b) completion of the final foundation drawings for the Project; (c) availability of suitable weather conditions for the commencement of construction; and (d) PROJECT COMPANY having in place all insurance policies required of them under this Agreement; (e) issuance of the LC by the PROJECT COMPANY’s bank; (f) receipt of the Advance Payment by the CONTRACTOR.