Project Completion Condition Precedent Clause Samples
A Project Completion Condition Precedent clause establishes that certain specified conditions must be fulfilled before a project is considered officially complete and subsequent contractual obligations or payments are triggered. Typically, this clause outlines requirements such as obtaining regulatory approvals, passing inspections, or achieving performance benchmarks. By clearly defining what constitutes project completion, the clause ensures that both parties have a mutual understanding of when responsibilities shift, thereby reducing disputes and providing a structured process for project closure.
Project Completion Condition Precedent. [where applicable]
Project Completion Condition Precedent. [where applicable]
(a) ARTC’s obligation to first make available the Path Usages in clause 3.3 of this Schedule and the Access Holder’s entitlement to have access to those Path Usages is conditional upon:
(i) Completion of the projects specified for each tranche of Path Usages in the Train Path Schedule Spreadsheet (“listed projects”).
(ii) Completion of any additional projects or replacements of listed projects (“new projects”):
Project Completion Condition Precedent. [where applicable]
(a) ARTC’s obligation to first make available the Path Usages in row 2 in clause 33.3 of this Schedule, and the Access Holder’s entitlement to have access to those Path Usages is conditional onupon:
(i) the Access Holder providing sufficient evidence to the reasonable satisfaction of ARTC that it has the contracted capacity for at least the Initial Period to offload the anticipated coal at the port or discharge point specified in row 2 in clause 3 of this Schedule; and