Term and Time For Performance Sample Clauses

Term and Time For Performance. 1.1 The design services called for under this Contract (“Design Services”) shall commence on a date mutually agreed to by the City and Company and shall be completed no later than days thereafter. 1.2 The construction services (“Construction Services”) called for under this Contract shall commence on a date mutually agreed to by the City and Company after the City has given Notice to Proceed and shall be completed no later than thirty (30) days from commencement (“Final Completion”). 1.3 All limitations of time set forth in this Contract are material and time is of the essence of the Contract. 1.4 If Company fails to achieve completion of Construction Services (also called “Construction Work”) within thirty (30) calendar days after the date of commencement of Construction Services, Company shall pay City the sum of two hundred, forty and no/100 ($240.00) dollars per day for each and every calendar day of unexcused delay in achieving Final Completion beyond the date set forth herein for Final Completion of the Construction Work. Any sums due and payable hereunder by Company shall be payable, not as a penalty, but as liquidated damages representing an estimate of delay damages likely to be sustained by City, estimated at the time of executing this Contract. Liquidated damages shall apply regardless of whether Company has been terminated by City prior to Final Completion when the termination was for cause. Such liquidated damages shall be in addition to and not in preclusion of the recovery of actual damages resulting from other defects in Company's performance hereunder for matters other than delays in Final Completion. When City reasonably believes that Final Completion will be inexcusably delayed, City shall be entitled, but not required, to withhold from any amounts otherwise due to Company an amount then believed by City to be adequate to recover liquidated damages applicable to such delays. If and when Company overcomes the delay in achieving Final Completion, or any part thereof, for which City has withheld payment, City shall promptly release to Company those funds withheld, but no longer applicable as liquidated damages. 1.5 This Contract shall remain in effect until the Contract expires or is otherwise terminated. The Contract may terminate upon any one or more of the following: A. upon the mutual written agreement of the Parties; B. upon written notice by either Party, if other Party defaults upon or breaches any of the terms or conditions of this ...
View Source

Related to Term and Time For Performance

  • Time for Performance The term of this SOW Agreement shall begin on and end on _ (the “Initial Term”). The Initial Term may be extended as the parties may agree. The State may terminate this SOW for convenience upon thirty days prior written notice to the Contractor. If the Master Agreement should expire or otherwise terminate prior to the end of the term of this SOW Agreement, this SOW Agreement shall continue to the end of its existing term, unless or until terminated in accordance with the terms of this SOW Agreement, and the Parties acknowledge and agree that the terms of the Master Agreement shall survive and apply to this SOW Agreement.

  • Term and Time of Performance The effective date of this Agreement shall begin November 1, 2020 and will continue through June 30, 2025, subject to appropriation of funds, notwithstanding any other provision in this agreement.

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.

  • SCHEDULE FOR PERFORMANCE REVIEWS 7.1 The performance of the Employee in relation to his performance agreement shall be reviewed for the following quarters with the understanding that the reviews in the first and the third quarter may be verbal if performance is satisfactory:

  • Security for Performance In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.