Interim Milestone definition
Examples of Interim Milestone in a sentence
If Contractor achieves an Interim Milestone more than [***] Days after the relevant Completion Date but within [***] Days of the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [***].
For the avoidance of doubt, if Contractor does not achieve an Interim Milestone within [***] Days of the relevant Completion Date, no Interim Milestone Bonus shall be payable in respect of such Interim Milestone.
Following the completion of Milestone Testing with respect to a SFINCS Interim Milestone, Vendor shall issue a report of the Milestone Test results to Vendor.
Vendor shall conduct SFINCS Interim Milestone testing (“Milestone Testing” or a “Milestone Test”) at its facilities in the State of Israel, which Milestone Testing may be monitored by Owner or its designee(s) at Owner’s request.
Design-Builder understands that if the Final Completion Date or any Interim Milestone Dates are not attained, Department will suffer damages which are difficult to determine and accurately specify.
Project Interim Milestone - 11: Dry run and soft launch and achievement of COD of Phase-I (a) Development of standard operating procedures, work instructions and policies as per NABH guidelines for Phase-I; and (b) Commencement of commercial operations of Phase-I.
Project Interim Milestone - 17: Applicable Permits Obtaining all Applicable Permits required for operationalization of Phase-II.
If Contractor achieves an Interim Milestone more than [***] after the relevant Completion Date but within [***] of the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [***].
Within 15 (fifteen) days of the date of completion of each Project Interim Milestone and Project Milestone, the Concessionaire shall notify the Authority of such compliance along with necessary particulars thereof.
The following applies to (1) [*] and (2) [*] (each, a “SFINCS Interim Milestone”): Following Vendor’s development of a testing protocol for a SFINCS Interim Milestone, Vendor shall make such protocol available to Owner and Owner’s designee(s) for review and comment.