Examples of Final Completion Guaranteed Date in a sentence
Contractor acknowledges that timely achievement of Substantial Completion by the Substantial Completion Guaranteed Date, and Final Completion by the Final Completion Guaranteed Date, are essential to Owner, and therefore TIME IS OF THE ESSENCE with respect to meeting each of the applicable Project Guaranteed Dates.
Contractor shall achieve Substantial Completion on or before the Substantial Completion Guaranteed Date, and Final Completion on or before the Final Completion Guaranteed Date.
If Final Completion does not occur by the Final Completion Guaranteed Date, the Principal shall be entitled to engage one or more third parties to perform any work or repairs required to cause the Plant to achieve Final Completion, and any costs to be incurred thereby shall be paid for by Contractor or deducted from what is owed to Contractor.
The CPM Schedule shall represent Contractor's best judgment as to how it shall complete the Work in compliance with the Schedule Milestones including the Phase Substantial Completion Guaranteed Dates, the PV Power Plant Substantial Completion Guaranteed Date, and the Final Completion Guaranteed Date.
Contractor acknowledges that if the Reliability Guarantee has not been satisfied by the Final Completion Guaranteed Date, Owner will suffer substantial damages that are difficult to ascertain.
On the Full Notice to Proceed Date, Contractor shall commence with the performance of the remainder of the Work in accordance with the EXECUTION COPY Milestone Summary Schedule and shall thereafter diligently pursue the Work assigning to it a priority as necessary for the Project to achieve Substantial Completion on or before the Substantial Completion Guaranteed Date, and Final Completion on or before the Final Completion Guaranteed Date.
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At any time after the Final Completion Guaranteed Date, Owner may elect by Notice to Contractor to draw an amount from the Retainage Security, or withhold or retain all or such portion of any payment due to Contractor, in an amount equal to one hundred fifty percent (150%) of the estimated cost to complete the uncompleted items on the Punchlist in lieu of requiring Contractor to complete such items.