EPC Contracts Sample Clauses
An EPC (Engineering, Procurement, and Construction) contract is a project delivery agreement where a contractor is responsible for the design, procurement of materials, and construction of a facility or infrastructure project. Under this clause, the contractor typically assumes full responsibility for delivering the completed project by a specified date and at a fixed price, often including performance guarantees. This arrangement streamlines project management for the owner, as it consolidates multiple responsibilities under a single point of contact, thereby reducing coordination risks and ensuring greater certainty over cost, schedule, and quality.
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EPC Contracts. Neither Super ▇▇▇▇▇ Borrower shall, and neither Super ▇▇▇▇▇ Borrower shall permit an Upper-Tier Intermediate Entity to, vote its voting interests in any JVCo or their respective Lower-Tier Intermediate Entities in any manner that would allow for any Liquefaction Owner or other RG Entity to enter into, amend, modify, supplement, waive, or terminate or consent to the entry into, amendment, modification, supplement, waiver, or termination of any provision of any EPC Contract (i) in a manner that is not permitted under the PF Indebtedness or ▇▇▇▇▇ Indebtedness, in each case as in existence as of the Closing Date, (ii) that would be a Material P1 EPC Contract Amendment (as defined in the P1 JVCo LLC Agreement as in effect on the Closing Date), or a Material T4 EPC Contract Amendment (as defined in the T4 JVCo LLC Agreement as in effect on the Closing Date), or a Material T5 EPC Contract Amendment (as defined in the T5 JVCo LLC Agreement as in effect on the Closing Date), or (iii) that otherwise would have a Material Adverse Effect.
EPC Contracts. 17.16.1 The Management Committee shall assign responsibility for the review and oversight of the EPC Contracts to one or more subcommittees. Such responsibility shall include reviewing and reporting to the Management Committee, for its approval, whether the major components of the Project, including the offshore upstream Facilities, the NGL Plant and the GTL Plant, should be awarded in a single EPC Contract or multiple EPC Contracts.
17.16.2 If separate EPC Contracts are awarded then the timing of completion of the various EPC Contracts shall be coordinated to minimize variations between the deliverability of Gas fo\rom the offshore upstream Facilities, the input requirements of the NGL Plant, the output of Methane and Ethane and the input requirements of the GTL Plant.
EPC Contracts. All EPC Contracts shall be made on a fixed price, lump sum, turn key basis for all major components of the Project, including the offshore upstream Facilities, the NGL Plant and the GTL Plant, based on the FEED.
EPC Contracts. The Alliance will begin development and potentially start negotiations of the following EPC contracts during Sub-Phase 2A: