Maximum Outage Period Sample Clauses

Maximum Outage Period. Contractor acknowledges that Owner will incur significant damages and liabilities if any of the Units is taken out of operation for any period longer than the Scheduled Outage Period for such Unit (as will be reflected in the Approved Project Schedule). Accordingly, all Work that must be performed while a Unit is out of operation will be performed by Contractor during normal maintenance outages scheduled by Owner or during the Scheduled Outage Period for such Unit. Subject only to adjustment by Change Order, the Contractor’s exact compliance with the Scheduled Outage Period set forth in the Approved Project Schedule is crucial to Owner’s business and Contractor has planned, organized and coordinated the Work to fully and exactly comply with such Scheduled Outage Period. Because of the significant economic harm that Owner will suffer if the Contractor does not comply with the Scheduled Outage Period, Owner and Contractor agree that if, during an outage, Contractor is not performing the Work in accordance with the time limits for a Scheduled Outage Period and Owner can reasonably deduce, during the outage, that Contractor will not complete the Work necessary within the Scheduled Outage Period, then Owner may utilize separate contractors to perform all or part of the Work necessary to complete such Work within the Scheduled Outage Period. Liquidated damages for such losses shall accrue for each day that the Contractor does not start and finish the work in exact accordance with the Scheduled Outage Period (such payment with respect to each Unit, the “Excessive Outage Payments”) in the following amounts: Morgantown; $125,000 per Unit per day Xxxxxxxxx; $70,000 per Unit per day Chalk Point; $100,000 per Unit per day Owner shall use its best efforts to avoid interference with the Contractor’s Work by the Owner and Owner’s Separate Contractors during the Scheduled Outage Period. Contractor understands and agrees that it shall not interfere with and shall cooperate with the Owner and Owner’s Separate Contractors at the Project Site to fully perform the Work with no or minimal impact to any other party.
Sample 1
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Related to Maximum Outage Period

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  • Service Period The Company hereby agrees to continue to retain the services of the Executive, and the Executive hereby agrees to provide services to the Company and its successors, subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the second anniversary of such date (the “Service Period”).

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