Common use of Start and Duration of Phase I Clause in Contracts

Start and Duration of Phase I. i. Phase I shall start on the first Business Day immediately following the end of the Application Review phase, but no earlier than 30 days following the distribution of the Phase I Base Case Data. Transmission Provider shall use Reasonable Efforts to complete Phase I within 120 calendar days from the date such phase commenced. If the 120th day does not fall on a Business Day, Phase I shall be extended to the end of the next Business Day. If Transmission Provider is unable to complete Phase I within 120 calendar days, Transmission Provider shall notify all impacted Project Developers and Eligible Customers simultaneously by posting on Transmission Provider’s website a revised estimated completion date along with an explanation of the reasons why additional time is required to complete Phase I.

Start and Duration of Phase I. i. Ai. Phase I shall start on the first Business Day immediately following the end of the Application Review phase, but no earlier than 30 days following the distribution of the Phase I Base Case Data. Transmission Provider shall use Reasonable Efforts to complete Phase I within 120 calendar days from the date such phase commenced. If the 120th day does not fall on a Business Day, Phase I shall be extended to the end of the next Business Day. If Transmission Provider is unable to complete Phase I within 120 calendar days, Transmission Provider shall notify all impacted Project Developers and Eligible Customers simultaneously by posting on Transmission Provider’s website a revised estimated completion date along with an explanation of the reasons why additional time is required to complete Phase I.