Common use of Project Milestone Clause in Contracts

Project Milestone. Supplier shall complete the drilling and testing of the initial production xxxxx, which shall deliver hot water sufficient to demonstrate a viable geothermal resource with a minimum net capacity of 18.75 MW. Xxxxx are to have flowed for a test period of 48 continuous hours or until stabilization occurs. Stabilization shall be considered met when the flow rate and temperature at the end of any 8-hour continuous period shall not be less than 98% of the first hour of the 8-hour period. Supplier shall provide Buyer pursuant to Section 29 (Notices) of this Agreement with written notification 48 hours prior to conducting such drilling and testing, but shall provide such notice with as much advance notice as practicable.

Project Milestone. Supplier shall complete the drilling and testing of the initial production xxxxx, which shall deliver hot water sufficient to demonstrate a viable geothermal resource with a minimum net capacity of 18.75 [***] MW. Xxxxx are to have flowed for a test period of 48 continuous hours or until stabilization occurs. Stabilization shall be considered met when the flow rate and temperature at the end of any 8-hour continuous period shall not be less than 98% of the first hour of the 8-hour period. Supplier shall provide Buyer pursuant to Section 29 (Notices) of this Agreement with written notification 48 hours prior to conducting such drilling and testing, but shall provide such notice with as much advance notice as practicable.

Project Milestone. Supplier shall complete the drilling and testing of the initial production xxxxxwell(s), which shall deliver hot water sufficient to demonstrate at not less than an average of 500,000 pounds per hour and a viable geothermal resource with a minimum net capacity temperature of 18.75 MW. Xxxxx are to have flowed not less than 300 degrees Fahrenheit for a test period of 48 continuous hours or until stabilization occurs. Stabilization shall be considered met when the flow rate and temperature at the end of any 8-hour continuous period shall not be less than 98% of the first hour of the 8-hour period. Supplier shall provide Buyer pursuant to Section 29 (Notices) of this Agreement with written notification 48 hours prior to conducting such drilling and testing, but shall provide such notice with as much advance notice as practicable. In the case of an existing operating resource, a report on the well field which provides for the verification of the existence of the equivalent source of geothermal fluid shall be provided.