Guaranteed Milestones definition

Guaranteed Milestones. Each of the events described as Guaranteed Milestones in Attachment K (Guaranteed Project Milestones).
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Guaranteed Milestones. [mm/dd/yyyy] – Guaranteed Construction Start Date [mm/dd/yyyy] – Guaranteed Commercial Operation Date
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Guaranteed Milestones means, with respect to the Work, any Equipment, or an Automated System, the dates expressly stated as a 'Guaranteed Milestone(s)' in Exhibit A (Scope of Supply) or an applicable Purchase Order. "Hazardous Material" means any waste, chemical, dust, noise, vibration, radiation, unexploded ordinance, or other substance or material (or combination of them) that may impair the natural environment, injure or damage property or plant or animal life or harm or impair the health of any individual and includes any contaminant, waste, substance, or material that is defined in or regulated pursuant to Environmental Law, including any substance or material defined as "hazardous" or "toxic" or as a "pollutant" or a "contaminant" or by any other similar term under Environmental Law. "HI-POWER" has the meaning set forth in the preamble to this Agreement and shall include all successors and permitted assigns of HI-POWER. "HI-POWER Change Request" has the meaning set forth in Section 9.2. "HI-POWER Event of Default" has the meaning set forth in Section 14.1. "HI-POWER'S Intellectual Property" means all Intellectual Property Rights owned by or licensed to HI- POWER, including all Foreground Intellectual Property Rights and any of HI-POWER'S Background Intellectual Property Rights used in the design, production, and manufacturing of the Goods. "HI-POWER Responsible Party" means HI-POWER or any Person or entity employed by any of them (other than ACRO or ACRO Responsible Parties), or any Person or entity for whose acts any of them is liable during the performance of HI-POWER-Supplied Work and HI-POWER's other obligations under this Agreement. "HI-POWER-Supplied Work" means the activities assigned to HI-POWER. "HI-POWER Representative" has the meaning set forth in Section 5.2. "Indemnified Party" has the meaning set forth in Section 12.1. "Indemnifying Party" has the meaning set forth in Section 12.1. "Initial Term" has the meaning set forth in Section 2.6(a). "Intellectual Property Rights" means all industrial and other intellectual property rights comprising or relating to (a) Patents; (b) Trademarks; (c) internet domain names, whether or not Trademarks, registered by any authorized private registrar or Governmental Authority, web addresses, web pages, website, and URLs; (d) works of
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Examples of Guaranteed Milestones in a sentence

  • For the avoidance of doubt, completion of each Guaranteed Milestone on or before the applicable date is a separate and independent guaranty, and ACRO will accrue liability for Delay Liquidated Damages on a cumulative basis for any and all Guaranteed Milestones that are not achieved on or prior to the applicable dates.

  • Time is of the essence of this Agreement, and Seller's ability to achieve the Guaranteed Milestones is critically important.

  • ACRO shall organize, supervise, and execute all Work hereunder in a manner sufficient to achieve each of the Guaranteed Milestones, if any, on or before the applicable dates and otherwise as required to satisfy any deadlines set forth herein.

  • The Parties agree that it would be extremely difficult to precisely determine the amount of actual damages that would be suffered by HI-POWER as a result of a delay in achieving the Guaranteed Milestones, but that the Delay Liquidated Damages are a fair and reasonable determination of the amount of actual damages that would be suffered by HI-POWER for delays beyond the applicable dates, and that the Delay Liquidated Damages do not constitute a penalty.

  • If ACRO fails to achieve any of the Guaranteed Milestones on or before the applicable date, then ACRO shall pay HI-POWER, as liquidated damages and not as a penalty, an amount as set forth in the applicable Purchase Order, with respect to such delay in achieving the Guaranteed Milestone (collectively, the "Delay Liquidated Damages") for each day from and after the applicable date, until the achievement of the Guaranteed Milestone.

  • If ACRO fails to achieve any Guaranteed Milestones on or before the applicable date, then ACRO shall be responsible for Delay Liquidated Damages as provided in Section 7.8. ACRO shall not be excused from any failure to achieve any of the Guaranteed Milestones on or before the applicable date, except as the result of Changes approved by HI- POWER or to which ACRO is entitled in accordance this Agreement, including under Article 9.

  • ACRO shall perform the Work in accordance with the Project Schedule and achieve all Guaranteed Milestones by the corresponding completion date set forth in the Project Schedule.


More Definitions of Guaranteed Milestones

Guaranteed Milestones. Each of the critical path events described as Guaranteed Milestones in Attachment B (Milestone Events).
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