Guaranteed Completion Date means the date set forth across from the corresponding unit or phase of Trade Contractor Work on the Outline of Construction Schedule set forth below.
Guaranteed Completion Date shall be three hundred sixty-five (365) calendar days after the Judicial Council's issuance of Notice to Proceed to Licensee as provided in Section 8.2 and subject to extensions, if any, as mutually agreed by the Parties in writing.
Guaranteed Completion Date shall have the meaning set forth in Exhibit 4 of the Trade Contract Agreement.
Examples of Guaranteed Completion Date in a sentence
If the COD has not occurred by the Guaranteed Completion Date, Licensee shall pay the Judicial Council as liquidated damages the amount of three hundred dollars ($300) for each calendar day (or part day) after the Guaranteed Completion Date until such time that the COD occurs.
If COD has not occurred within ninety (90) calendar days of the Guaranteed Completion Date, the Judicial Council reserves the right to terminate this SLA by written notice to Licensee.
The Construction Start Date and the Guaranteed Completion Date may also be extended by the mutual written agreement of the Parties.
After Substantial Completion is achieved, actual damages will be assessed for failure to achieve Final Completion by the Guaranteed Completion Date for Final Completion.
In the event of a Force Majeure, the Construction Start Date and the Guaranteed Completion Date shall be extended pursuant to the provisions in Section 14.4 of this SLA provided that Licensee exercises its best efforts to mitigate any delay caused by such Force Majeure.
More Definitions of Guaranteed Completion Date
Guaranteed Completion Date shall have the meaning as set forth in Exhibit A-1 as such date shall be adjusted for events, conditions and/or delays outside of Contractor’s reasonable control or as otherwise provided for herein.
Guaranteed Completion Date means the date set forth across from the corresponding unit or phase of Trade Contractor Work on the Outline of Construction Schedule set forth below. The following Outline of Construction Schedule highlights critical components of the Project and mandatory Milestone Dates that must be completed, without exception, by the Trade Contractor in order to meet the requirements of the Construction Schedule and Substantial Completion. . OUTLINE OF CONSTRUCTION SCHEDULE Description of Trade Contractor WorkStart DateGuarantee d Completion DateCommentsDesign and Install of ** Work to be coordinated with other Subcontractors in each area.———————————————————————————————————EXHIBIT 5BONDS——————————————————————————————————— The Payment and Performance Bond forms that the Trade Contractor is required to provide related to its Trade Contractor Work are attached as Exhibit 5. [See Attached]TRADE CONTRACTOR LABOR AND MATERIAL PAYMENT BONDTHIS BOND, ISSUED SIMULTANEOUSLY WITH A PERFORMANCE BOND, RUNS IN FAVOR OFOBLIGEE AND CLAIMANTS Bond Number: KNOW ALL PERSONS BY THESE PRESENTS:That as Principal, hereinafter(Here insert full name and address of Trade Contractor)and, as Surety, hereinafter(Here insert full name and serving address of Surety) called Surety, are held and firm bound unto Minnesota Sports Facilities Authority, 1005 4th Street South, Minneapolis, MN 55415 (the “Authority”), hereinafter called Obligee, in the amount of $ (the “Bond Sum”) for the payment whereof Trade Contractor and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors, and assigns firmly by these presents. WHEREAS, Trade Contractor has, by written agreement dated as of , entered into a Trade Contract with Obligee, Hereinafter called contract, for (Insert name and location of the project & contact number or general description of the work) Which contract is by reference made a part hereof. NOW THEREFORE, Trade Contractor and Surety, jointly and severally, hereby bind themselves, their heirs, executors, administrators, successors and assigns to Obligee to pay for costs for work, skill, tools, machinery, materials, insurance premiums, equipment or supplies or taxes incurred under Minn. Stat. §290.92, Chapter 268 or Chapter 297A (the underline portion hereof referred to as “labor, materials, or equipment”) provided to Obligee by Trade Contractor for use in the performance of the Contractor: THE CONDITION OF THIS BOND is such that, if Trade Contractor shall...
Guaranteed Completion Date means the date set forth across from the corresponding unit or phase of Trade Contractor Work on the Outline of Construction Schedule set forth below. The following Outline of Construction Schedule highlights critical components of the Project and mandatory Milestone Dates that must be completed, without exception, by the Trade Contractor in order to meet the requirements of the Construction Schedule and Substantial Completion. The Parties acknowledge and agree, in accordance with Paragraph 2.11 to the Trade Contract Agreement, that the Trade Contractor will undertake Extraordinary Measures if the Authority determines that the performance of the Trade Contractor Work has not progressed or reached the level of completion required by the Milestone Dates for Trade Contractor’s Work in the Outline of Construction Schedule or if Trade Contractor’s Work is interfering with or delaying the Construction Manager’s work and timely Completion of the Construction Manager’s work pursuant to the Master Project Schedule. OUTLINE OF CONSTRUCTION SCHEDULE Description of Trade Contractor Work Start Date Guaranteed Completion Date Comments Design and Install of ** Work to be coordinated with other Subcontractors in each area.
Guaranteed Completion Date means the Milestone Deadline for Substantial Completion as set forth in Exhibit VIII. For the avoidance of doubt, the Guaranteed Completion Date shall be 120 days after Notice to Proceed, as such date may be adjusted from time to time pursuant hereto.
Guaranteed Completion Date means February 15, 2015 as such date may be extended pursuant to Section 4.1(a).
Guaranteed Completion Date means each of the Guaranteed Provisional Acceptance Date and the Guaranteed Final Acceptance Date.
Guaranteed Completion Date shall have the meaning assigned to such term in the EPC Contract.