Common use of Special Provisions Relating to a New or Expanded Facility Clause in Contracts

Special Provisions Relating to a New or Expanded Facility. a. Proposed New or Expanded Facility; Failure to Complete. If Schedule B provides for the construction of a new facility or an expansion of an existing facility (collectively, “Expansion Project”), and the Customer fails to complete the Expansion Project by the date specified in Schedule B, the Authority may, in its discretion, (a) cancel the Allocation, or (b) if it believes that the Expansion Project will be completed in a reasonable time, agree with the Customer to extend the time for completion of the Expansion Project.

Appears in 13 contracts

Samples: Power Authority, Power Authority, Power Authority

AutoNDA by SimpleDocs

Special Provisions Relating to a New or Expanded Facility. a. Proposed New or Expanded Facility; Failure to Complete. If Schedule B provides for the construction of a new facility or an expansion of an existing facility (collectively, “Expansion Project”), and the Customer fails to complete the Expansion Project by the date specified in Schedule B, the Authority may, in its discretion, (a) cancel the Allocation, or (b) if it believes that the Expansion Project will be completed in a reasonable time, agree with the Customer to extend the time for completion of the Expansion Project.,

Appears in 5 contracts

Samples: Power Authority, Power Authority, Power Authority

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!