Early Completion definition

Early Completion. Your payment obligation ends when your payments (including any amounts paid beyond amounts that are due) reach the early completion amount (your funded amount growing at 7.50% annually), and you've paid any outstanding payments and fees.

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Early Completion. Bonus is defined in Section 6.4.4. Effective Date is defined in the Preamble. Expansion Plant is defined in the Recitals. Expansion Project is defined in Section 2.1. Expansion Project Scope is defined in Exhibit ▇. ▇▇▇▇▇ Engineering is defined in Section 6.1. Final Application for Payment is defined in Section 10.3. Final Completion is defined in Section 6.5.2. Final Completion Date is defined in Section 6.5.1. Final Payment is defined in Section 10.3.

Early Completion means that all of the following have occurred with respect to the Facility: (i) Cool Down has been completed for System 1 and System 2; (ii) Contractor has completed all procurement, fabrication, assembly, erection, installation and precommissioning checks of all of the vaporizers for the Facility to ensure that all such vaporizers and each component thereof was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement, and thirteen vaporizers have been operated to their rated capacity; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of System 1 and System 2 to ensure that these Systems and each component thereof was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) System 1 and System 2, collectively, are capable of a Sendout Rate of 2,000 MMSCFD or above at a temperature of no less than 40°F and at a pressure of no less than 1,440 PSIG, as measured at the exit for the main Facility transfer meter. The status of being “capable” shall be determined by such tests or operational records as may be mutually agreed by the Parties prior to Contractor’s achievement of Early Completion.

Examples of Early Completion in a sentence

• Contractor shall prepare its schedule to include, at a minimum, the following Schedule Milestones: Contractual Start (defined by the Effective Date of the Contract), Substantial Completion, Certificate of Occupancy, Princeton University’s “Move-In” process, Early Completion date (if one is proposed).

• THE FOLLOWING IS ADDED: No Incentive Payment for Early Completion is specified for this project.

• NTP3 and NTP4, if issued, shall authorize the acceleration of Early Completion Work.

• Contractor shall prepare its schedule to include the following: Contractual Start (defined by contract execution), Substantial Completion, Certificate of Occupancy, Princeton University’s “Move-In” process, Early Completion date (if one is proposed).

• Contractor shall only be entitled to such Early Completion Bonus if the Work meets the Minimum Performance Guarantees for Unit 6 at the time of Substantial Completion of Unit 6.

• Any Early Completion Bonus due to Contractor hereunder shall be payable to Contractor in accordance with Section 8.3(b) hereof.

• Owner shall pay Contractor the Early Completion Bonus for ▇▇▇▇ ▇ for Contractor’s early achievement of Substantial Completion of the Work for ▇▇▇▇ ▇ as compared to the Guaranteed Substantial Completion Date for Unit 6.

• Amounts payable by Owner in respect of any Early Completion Bonus shall be included as a separate line-item in Contractor’s next Contractor’s Invoice following the Substantial Completion Date.

• If senior lender does not allow release of funds at the time of Final Payment to pay said Early Completion Bonus or Production Bonus in full, any unpaid balance shall be converted to an unsecured promissory note payable by Owner to Design-Builder, accruing interest at ten percent (10%) per annum.

• Developer is not entitled to earn any Availability Payments before the Early Completion Date.

More Definitions of Early Completion

Early Completion. Bonus is defined in Section 6.5.4. Effective Date is defined in the Preamble. Final Application for Payment is defined in Section 10.3. Final Completion is defined in Section 6.6.2. Final Completion Date is the date that is 90 Days after the Substantial Completion Date. Final Payment is defined in Section 10.3.

Early Completion. At any point prior to the Client’s deadline, Client may end the project, at which point the project will be considered completed and no further work will be done or paid for, but all work done up to that point will be transferred and paid for, per the Completion clause above. If a phase of the Work has not yet been approved by the Client at the time at which the project is ended, Client will pay on pro-rated basis for the part of the work that has been done. Revisions: Client may request up to [amount] revisions to the Work without additional fees, provided that such revisions do not require work exceeding the Scope of Work as defined in this Agreement. Contractor may decline, or charge additionally for, work that Contractor reasonably deems to be beyond the Scope of Work. Client Responsibilities: Client agrees to provide Contractor with text and images (copy, etc.) needed for the Work to be completed on time and to Client’s satisfaction. Rights: Rights, including copyright, ownership, and publishing rights, to this Work belong to the Contractor until the completion of the project and the transfer of payment, at which point they will transfer to the Client. Contractor can showcase sample works from this project as portfolio pieces only with consent and approval from Client.