Common use of Construction Progress Reports Clause in Contracts

Construction Progress Reports. At least fifteen (15) days prior to each quarterly Terminal Operations Coordination Committee meeting, each Party shall furnish to the other a schedule update and interim progress report specifying the progress since the last report and the expected progress towards completing the construction, testing and operational start-up of the Sabine Pass Facility (such schedules and interim progress reports hereinafter referred to as a “Progress Report”). Each Progress Report shall include, as applicable: (i) the status and progress of all construction and an update of the construction schedule; (ii) the status and an update of construction approvals, permits and authorizations not yet received; and (iii) any other information which a Party may reasonably request to evaluate the status and progress of the above matters. If any material change occurs with respect to any of the above matters subsequent to the most recent Progress Report hereunder, the issuing Party shall promptly give notice to the other Party.