EPC Contract definition
Examples of EPC Contract in a sentence
If Final Completion under each P1 EPC Contract has not yet occurred, the P1 Collateral Agent shall have received evidence that the Permitted Completion Amount is on deposit in the P1 Construction Account after giving effect to the deposits and transfers set forth in Section 3.1 (P1 Construction Account) of the P1 Accounts Agreement.
If Final Completion under the T5 EPC Contract has not yet occurred, the T5 Collateral Agent shall have received evidence that the Permitted Completion Amount is on deposit in the T5 Construction Account after giving effect to the deposits and transfers set forth in Section 3.1 (T5 Construction Account) of the T5 Accounts Agreement.
The P1 Administrative Agent shall have received copies of each certificate executed by the Borrower whereby the Borrower accepts Substantial Completion under each P1 EPC Contract.
The T5 Administrative Agent shall have received copies of a certificate executed by the Borrower whereby the Borrower accepts Substantial Completion under the T5 EPC Contract.
Notwithstanding the foregoing, the Borrower shall enforce against the T5 EPC Contractor the Borrower’s rights under the T5 EPC Contract in respect of Delay Liquidated Damages and Performance Liquidated Damages due and payable (other than any Performance Liquidated Damages that are in an amount less than $5,000,000).