Common use of Expansion Work Clause in Contracts

Expansion Work. Diligently prosecute, or cause its Subsidiaries to diligently prosecute, the Expansion Work (i) in accordance with Prudent Industry Practices, and (ii) such that Phase I Completion could reasonably be expected to occur on or before March 7, 2007, the condition specified in clause (a) of Phase II Completion could reasonably be expected to occur on or before August 7, 2007 and Phase II Completion could reasonably be expected to occur on or before August 7, 2009.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (U S Energy Systems Inc), First Lien Credit Agreement (U S Energy Systems Inc)