Guaranteed Project Milestones Clause Samples
The Guaranteed Project Milestones clause establishes specific deadlines or achievement points within a project that must be met by the responsible party. In practice, this clause outlines key deliverables or phases—such as design completion, prototype delivery, or final implementation—and sets binding dates for their completion. By clearly defining these milestones and making them contractually enforceable, the clause ensures accountability, helps track project progress, and mitigates the risk of delays.
Guaranteed Project Milestones. “Guaranteed Project Milestones” are as follows:
Guaranteed Project Milestones. [For Developer Interconnection Build]
Guaranteed Project Milestones. (A) The “Guaranteed Project Milestones” are as follows:
(I) The Construction Start Date shall occur no later than ___________________ (the “Guaranteed Construction Start Date”), except as may be extended by a Permitted Extension of the Construction Start Date, as provided in Sections 3.9(c)(iii)(B), (C), and (D) below.
(II) Seller shall have demonstrated Commercial Operation per the terms of Appendix VI no later than __________, (the “Guaranteed Commercial Operation Date”), except as such date may be extended on a day for day basis equal to any Permitted Extension of the Guaranteed Construction Start Date and as may be extended further by a Transmission Delay, Force Majeure Extension, or Other Delay pursuant to Sections 3.9(c)(iii)(B), (C), and (D) below. The Initial Energy Delivery Date may occur on the Guaranteed Commercial Operation Date, as such dates may be extended by Permitted Extensions.
(B) Permitted Extensions to the Guaranteed Project Milestones are as follows:
Guaranteed Project Milestones. [For Company Interconnection Build]