Common use of Step Completion Verification Clause in Contracts

Step Completion Verification. NISSAN shall begin evaluating the completion of the Step 2 Cross-check Goals on the applicable “Start Date” date set forth on Exhibit B. Upon the substantial completion of the Step 2 Cross-check Goals NISSAN and HOKU shall each countersign the Step Completion Verification. The Parties anticipate that the Step Completion Verification for the Step 2 Cross-check Goals shall be signed (if at all) by January 31, 2006. Provided that the applicable Step 2 Cross-check Goals have been substantially satisfied, neither Party may unreasonably refuse to execute the Step Completion Verification by the date set forth in the previous sentence.

Appears in 3 contracts

Sources: Collaboration Agreement (Hoku Scientific Inc), Collaboration Agreement (Hoku Scientific Inc), Collaboration Agreement (Hoku Scientific Inc)