Construction Start Longstop Date definition
Examples of Construction Start Longstop Date in a sentence
In the event that the Construction Works are not commenced by the Construction Start Longstop Date unless on account of a Force Majeure or reasons solely attributable to CEB, Seller shall pay Damages to CEB in a sum calculated at the rate of 0.5% (zero point five per cent) of the amount of Development Security for delay of each day until Construction Start is achieved.
In the event that the Construction Works are not commenced by the Construction Start Longstop Date unless on account of a Force Majeure or reasons solely attributable to CEB, Seller shall pay Damages to CEB in a sum calculated at the rate of 0.25% (zero point twenty five per cent), that is, MUR 7,500 (seven thousand and five hundred rupees) per MWac the amount of Development Security for delay of each day until Construction Start is achieved.
In the event that the Construction Works are not commenced by the Construction Start Longstop Date unless on account of a Force Majeure or reasons solely attributable to CEB, Seller shall pay Damages to CEB in a sum calculated at the rate of 0.25% (zero point twenty five per cent), that is, MUR 7,500 (seven thousand and five hundred rupees) per MWac of the amount of Development Security for delay of each day until Construction Start is achieved.