Examples of Completion Longstop Date in a sentence
The Company has requested a further short-term extension of the Project Completion Longstop Date from KfW.
Within a reasonable time after receipt of a justified complaint, Gastech-En- ergi A/S will notify the customer of its choice according to clause 9.3. If Gas- tech-Energi A/S has not complied with its obligations under clause 9.3 within 20 working days of its submission of such notice to the customer, the customer must give Gastech-Energi A/S a final deadline of at least 10 days to remedy the defect.
The Company is also in discussions with KfW to achieve a longer-term extension of the Project Completion Longstop Date to a date in 2023, the deferral of debt servicing by twelve months and the temporary deferral of compliance with certain financial covenants under the Amended KfW Facility as the Underground Mine continues to ramp-up.
It is the responsibility of the owner or authorized representative to deliver the Report of Residential Building Record to the buyer or transferee of the residential building prior to the execution of an escrow agreement or any document of title pertaining to the property.
On June 30, 2021, the Company received a waiver from KfW, which provided for a 60-day extension to the Project Completion Longstop Date from June 30, 2021 to August 31, 2021.
The Company is also in discussions with KfW to achieve a longer- term extension of the Project Completion Longstop Date to a date in 2023, the deferral of debt servicing by twelve months and the temporary deferral of compliance with certain financial covenants under the Amended KfW Facility as the underground mine continues to ramp-up.
In addition, the KfW Amendment Agreement will extend the Project Completion Longstop Date until June 2023 and provide for certain minimum liquidity and liquidity reporting requirements.
The Project Completion Longstop Date requires the Underground Mine to be operating at five thousand tonnes per day (tpd) for ninety consecutive days by June 2023.
However, in the event the total Type 1a Milestone Completion Payment (calculated under paragraph 2.2 above) has been claimed prior to the completion of all Interim Milestones, no further subsidy will be provided for the remaining Interim Milestones and any failure to complete the Type 1a Milestone by the Milestone Completion Longstop Date (being a date falling three (3) months from the Milestone Completion Date set out in the Milestone table) will be treated as a Contractor Default.