Expected Construction Start Date definition
Examples of Expected Construction Start Date in a sentence
Seller shall provide Notice of such Contract Capacity Commitment to Buyer no later than ten (10) Business Days following the Expected Construction Start Date.
Within fifteen (15) days after the close of (a) each calendar quarter from the first calendar quarter following the Effective Date until the Expected Construction Start Date, and (b) each calendar month thereafter until the Commercial Operation Date, Seller shall provide to Buyer a Progress Report; provided, that if Seller misses the Guaranteed Construction Start Date or Guaranteed Commercial Operation Date, Seller shall provide updated Progress Reports to Buyer on a weekly basis, or as otherwise agreed.
Expected Construction Start Date: Seller reasonably expects to achieve Construction Start by the following date [_______] (the “Expected Construction Start Date”).
Expected Construction Start Date: Seller reasonably expects to achieve Construction Start by the following date: [_______] (the “Expected Construction Start Date”).
Seller’s Offer shall include, as applicable, an updated Renewable Rate, Storage Rate, and updated Expected Construction Start Date and Expected Commercial Operation Date based on the CAISO/Participating Transmission Owner interconnection schedule, and any other proposed terms and conditions necessary in Seller’s reasonable discretion to finance and construct the Facility.
Notwithstanding anything in this Agreement to the contrary, the cumulative extensions of the Expected Construction Start Date granted under this Section 3 of this Exhibit B shall not exceed the Guaranteed Construction Start Date, for any reason, including a Force Majeure Event, and the cumulative extensions of the Expected Commercial Operation Date granted under this Section 3 of this Exhibit B shall not exceed the Guaranteed Commercial Operation Date, for any reason, including a Force Majeure Event.
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The date of Construction Start will be evidenced by and subject to Seller’s delivery to Buyer of a certificate substantially in the form attached as Exhibit B hereto, and the date certified therein shall be the “Construction Start Date.” The Seller shall use commercially reasonable efforts to cause Construction Start to occur no later than the Expected Construction Start Date.
Following the Effective Date, Seller shall provide a Progress Report to Buyer every three months until the Expected Construction Start Date, and after the Expected Construction Start Date, Seller shall provide a monthly Progress Report to Buyer for each calendar month until the Commercial Operation Date and agrees to regularly scheduled meetings between representatives of Buyer and Seller to review such monthly reports and discuss Seller’s construction progress.