Guaranteed Mechanical Completion Date has the meaning set forth in Section 5.3A.
Guaranteed Mechanical Completion Date means September 30, 2019 as modified in accordance with Section 5.5 and Article 9; provided, that (a) if the Closing Date occurs after November 1, 2018 and on or prior to March 1, 2019, the Guaranteed Mechanical Completion Date shall be extended on a day for day basis for each day between November 2, 2018 and the Closing Date, (b) if the Closing Date occurs on or after March 2, 2019 and on or before June 30, 2019, the Guaranteed Mechanical Completion Date shall mean July 31, 2020, and (c) if, following issuance by Owner of a Limited Notice to Proceed on or before July 1, 2019, the Closing Date occurs on or before September 1, 2019, the Guaranteed Mechanical Completion Date shall mean September 30, 2020, in each case as modified in accordance with Section 5.5 and Article 9.
Guaranteed Mechanical Completion Date means December 1, 2008; provided that UTCP agrees that it shall use commercially reasonable efforts to reach Mechanical Completion as soon as possible following the Access Date (defined below). In the event that Mechanical Completion does not occur on or prior to the Guaranteed Mechanical Completion Date, the Mechanical Completion Payment amount shall be reduced by [***] for each day that Mechanical Completion is not achieved by the Guaranteed Mechanical Completion Date (the “Mechanical Completion Delay Penalties”). Should Buyer not incur any penalties (including, but not limited to, required prepayments to its Lenders under the Credit Agreement or to its investors under the Limited Liability Company Agreement of BUYER) as a result of Mechanical Completion not being achieved by December 31, 2008, then any accrued Mechanical Completion Delay Penalties shall be forgiven. In the event that Mechanical Completion is not complete by December 31, 2008, UTCP shall be paid [***] per piece of Equipment that has successfully completed the Commissioning Test prior to December 31, 2008 and the remaining balance due in the Mechanical Completion Payment shall be withheld and the reduction of [***] per day shall be applied to the balance until Mechanical Completion is achieved or the balance has been liquidated. The Parties acknowledge and agree that the Initial Start-up and completion of the Commissioning Test of each unit of Equipment prior to the Guaranteed Mechanical Completion Date requires that (i) each unit of Equipment be fully installed in conformance with UTCP’s Conditions Required For Timely Start-Up/Commissioning Of Purecycle® 225 Powerplants At Raxxx Xherm0 #1 Site and (ii) UTCP be provided with access to the Facility at least forty-five (45) days prior to the Guaranteed Mechanical Completion Date (the “Access Date”). BUYER shall provide UTCP with all necessary facilities and infrastructure to run the Commissioning Test of each unit of Equipment on or before such Access Date. At a minimum this shall include necessary hot and cold water flows and the ability to import and export power sufficient to service blocks of Equipment of no fewer than five (5) units at a time. Such facilities shall be provided in a manner to permit UTCP to conduct the Commissioning Test on any five co-located units within the facility. BUYER shall complete UTCP’s installation requirements and guidelines prior to the Access Date for each unit of Equipment and BUYER shall provide access ...
Examples of Guaranteed Mechanical Completion Date in a sentence
The Guaranteed Mechanical Completion Date as of the date of this Change Order therefore is January 31, 2008.
The Parties agree that Contractor’s sole remedy for such delay shall be an adjustment to the Guaranteed Mechanical Completion Date pursuant to a Change Order.
If the milestone required by the Guaranteed Permitting Completion Date or the Guaranteed Mechanical Completion Date is not achieved within thirty (30) days after such date (each, a “Date Certain”), Purchaser may, upon five (5) days’ prior written notice to Seller, elect to terminate this Agreement without liability or further obligation of any kind on the part of Purchaser.
The Guaranteed Mechanical Completion Date shall only be adjusted by Change Order as provided under this Agreement.
Futures trading became standardized in the United States in the mid-1800’s with the establishment of the Chicago Board of Trade (CBoT), which allowed speculators to purchase contracts on agricultural commodities, mainly grains, that were not yet harvested at a set price.
More Definitions of Guaranteed Mechanical Completion Date
Guaranteed Mechanical Completion Date means [_______].6
Guaranteed Mechanical Completion Date has the meaning set forth in Exhibit C-1, as such date may be changed or extended by one or more Change Orders pursuant to Article X hereof
Guaranteed Mechanical Completion Date means September 30, 2020, as [**] Denotes information that has been omitted from the exhibit pursuant to Item 601(b)(2)(ii) of Regulation S-K. modified in accordance with Section 5.5 and Article 9.
Guaranteed Mechanical Completion Date means, with respect to the Facility, December 30, 2016, as such date may be adjusted pursuant to this Agreement.
Guaranteed Mechanical Completion Date means May 24, 2015, which date may be adjusted pursuant to the terms and conditions of this Agreement.
Guaranteed Mechanical Completion Date means, subject to Article IX, a date twenty (20) days after the delivery of the applicable WTG Shipment at the location indicated in Wind Turbine Supply Contract.
Guaranteed Mechanical Completion Date has the meaning set forth in the EPC Contract as in effect on the date thereof.