Common use of Timely Completion Clause in Contracts

Timely Completion. Transmission Owner shall use Reasonable Efforts to design, procure, construct, install, and test the CUU in accordance with the schedule set forth in Appendix A, which schedule may be revised from time to time by mutual agreement of the Parties. If any event occurs that will affect the time for completion of the CUU, or the ability to complete any of them, Transmission Owner and/or Transmission Provider shall promptly notify all other Parties. In such circumstances, Transmission Provider shall, within fifteen (15) Calendar Days of such notice, convene a technical meeting with Customers and Transmission Owner to evaluate the alternatives available to Customers. Transmission Owner and/or Transmission Provider shall also make available to Customers all studies and work papers related to the event and corresponding delay, including all information that is in the possession of Transmission Provider or Transmission Owner that is reasonably needed by Customers to evaluate alternatives. Transmission Owner shall, at any Customer’s request and expense, use Reasonable Efforts to accelerate its work under this Agreement to meet the schedule set forth in Appendix A, provided that (1) Customer(s) jointly authorize such actions, such authorizations to be withheld, conditioned or delayed by a given Customer only if it can demonstrate that the acceleration would have a material adverse effect on it, and (2) the requesting Customer funds the costs associated therewith in advance or all Customers agree in advance to fund such costs based on such other allocation method as they may adopt.

Appears in 2 contracts

Sources: Multi Party Facilities Construction Agreement, Multi Party Facilities Construction Agreement

Timely Completion. Transmission Owner shall use Reasonable Efforts to design, procure, construct, install, and test the CUU Shared Network Upgrade in accordance with the schedule set forth in Appendix A, which schedule may be revised from time to time by mutual agreement of the Parties. If any event occurs that will affect the time for completion of the CUUShared Network Upgrade, or the ability to complete any of them, Transmission Owner and/or Transmission Provider shall promptly notify all other Parties. In such circumstances, Transmission Provider Owner shall, within fifteen (15) Calendar Days of such notice, convene a technical meeting with Customers and Transmission Owner Provider to evaluate the alternatives available to Customers. Transmission Owner and/or Transmission Provider shall also make available to Customers all studies and work papers related to the event and corresponding delay, including all information that is in the possession of Transmission Provider or Transmission Owner that is reasonably needed by Customers to evaluate alternatives. Transmission Owner shall, at any Customer’s request and expense, use Reasonable Efforts to accelerate its work under this Agreement to meet the schedule set forth in Appendix A, provided that (1) Customer(s) jointly authorize such actions, such authorizations to be withheld, conditioned or delayed by a given Customer only if it can demonstrate that the acceleration would have a material adverse effect on it, and (2) the requesting Customer funds the costs associated therewith in advance or all Customers agree in advance to fund such costs based on such other allocation method as they may adopt.

Appears in 1 contract

Sources: Shared Network Upgrade Facilities Construction Agreement