Construction Phase CSF definition
Construction Phase CSF has the meaning given to such term in Section II.C.1. “Construction Start Date” means the date upon which the latest of the following events occurs: (a) JCEP has provided written notice to the Zone Sponsors that JCEP has made a positive final investment decision (“FID”) with respect to the Facility; and (b) JCEP has issued a complete unconditional notice to proceed for the construction of the Facility to its engineering, procurement, and construction contractor.
Examples of Construction Phase CSF in a sentence
Notwithstanding the foregoing, the Construction Phase CSF attributable to the first Tax Year of the Construction Phase shall be paid on or before the later of (i) the ninetieth (90th) day following the Construction Start Date or (ii) the first November 15 following the Construction Start Date.
Construction Phase CSF (“CCSF”) Each CCSF will be determined in accordance with Section II.C.1 of the Agreement.