Release of Construction Performance Security Sample Clauses

Release of Construction Performance Security. The Construction Performance Security shall remain in force and effect for a period of 6 (six) months from the COD of Phase- II (“Construction Performance Security Period”). The Authority shall release the Construction Performance Security after a period of 30 (thirty) days from the date of expiry of the Construction Performance Security Period subject to creation of a valid Deemed Performance Security in accordance with Clause 9.2 prior to the expiry of such 30 (thirty) days period.
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Release of Construction Performance Security. Notwithstanding anything mentioned in the Clause 9.1.1, the Construction Performance Security will be released by Lead ULB upon receipt of the Operation Performance Security as mentioned in Clause 9.4.
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Release of Construction Performance Security. 2.14.1 The Construction Performance Security shall remain in force and effect for the Construction Period.
Sample 1
Release of Construction Performance Security. 13.4.1 The Construction Performance Security shall remain in force and effect until the date that falls on the expiry of the Defects Liability Period (the “Construction Performance Security Expiry Date”). The Construction Performance Security shall be returned to the Concessionaire on the earlier of:
Sample 1
Release of Construction Performance Security. Formatted: Font: Italic, Underline Formatted: Font: Italic, Underline The Construction Performance Security shall remain in force and effect for a period of 6 (six) months from (a) the COD of Phase- II, or (b) COD of Phase-II of the Other Project, whichever is later (“Construction Performance Security Period”). The Authority shall release the Construction Performance Security after a period of 30 (thirty) days from the date of the expiry of the Construction Performance Security Period provided thatif the Concessionaire has submitted (in accordance with this Agreement) a valid Operation Performance Security at such timein accordance with Clause 9.2 prior to the expiry of such 30 (thirty) days period.
Sample 1
Release of Construction Performance Security. The Concessionaire undertakes that the Construction Performance Security shall remain valid and effective and be maintained in full force till the 60 (Sixty) days after Construction Period (the “Validity Period”). The Construction Performance Security shall be released forthwith provided the Concessionaire is not in breach of this Agreement and the Concessionaire has provided the Operational Performance Security. Upon request made by the Concessionaire for release of the Construction Performance Security along with the particulars establishing satisfaction of the requirements specified under this Clause 9.4, the Authority / SSNNL / FED shall release the Construction Performance Security forthwith.
Sample 1

Related to Release of Construction Performance Security

  • MONITORING OF CONSTRUCTION 13.1 Monthly progress reports During the Construction Period, the Concessionaire shall, no later than 7 (seven) days after the close of each month, furnish to the Authority and the Independent Engineer a monthly report on progress of the Construction Works and shall promptly give such other relevant information as may be required by the Independent Engineer.

  • Completion of Construction (a) For the purposes of this Agreement, the terms "

  • ICIF Construction The ICIF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Parties agree on another mutually acceptable deadline, Interconnection Customer shall deliver to Transmission Provider and Transmission Owner “as-built” drawings, information and documents for the ICIF, such as: a one-line diagram, a site plan showing the Generating Facility and the ICIF, plan and elevation drawings showing the layout of the ICIF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Interconnection Customer’s step-up transformers, the facilities connecting the Generating Facility to the step-up transformers and the ICIF, and the impedances (determined by factory tests) for the associated step-up transformers and the Generating Facility. Interconnection Customer shall provide Transmission Provider and Transmission Owner with Interconnection Customer’s specifications for the excitation system, automatic voltage regulator, Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • Definitions and Construction 1 1.1 Definitions.....................................................................................1 1.2

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

  • Waiver of Rule of Construction Each Party has had the opportunity to consult with counsel in connection with the review, drafting and negotiation of this Agreement. Accordingly, the rule of construction that any ambiguity in this Agreement shall be construed against the drafting Party shall not apply.

  • DAF Construction The DAF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Developer and Connecting Transmission Owner agree on another mutually acceptable deadline, the Developer shall deliver to the Connecting Transmission Owner and NYISO “as- built” drawings, information and documents for the DAF, such as: a one-line diagram, a site plan showing the Large Generating Facility and the DAF, plan and elevation drawings showing the layout of the DAF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Developer’s step-up transformers, the facilities connecting the Large Generating Facility to the step-up transformers and the DAF, and the impedances (determined by factory tests) for the associated step-up transformers and the Large Generating Facility. The Developer shall provide to, and coordinate with, Connecting Transmission Owner and NYISO with respect to proposed specifications for the excitation system, automatic voltage regulator, Large Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • Rule of Construction No rule of construction requiring interpretation against the drafting Party hereof shall apply in the interpretation of this Agreement.

  • Definitions and Rules of Construction 1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings:

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