Major Milestone definition

Major Milestone means any of the Contractor’s obligations to deliver the Articles and/or perform the Services, as set out in the Statement of Work or time schedule in the Contract and which have been designated by the Company and the Contractor as such.

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Major Milestone shall have the meaning provided in Section 4.2(a).

Major Milestone means, with respect to each Additional Unit, the award of the first major equipment contract, such as the definitive, evaluated bid of either a nuclear steam supply system, or a contract of equivalent significance, for each such Additional Unit.

Examples of Major Milestone in a sentence

Notice of any delay for any reason in the construction of the Project beyond the Major Milestone Dates.
The State will pay the Major Milestone Deliverables (“MMD”) and Payment Milestone Deliverables (“PMD”) identified herein when all the enumerated and corresponding Deliverables have been accepted by the State.
Completion of each Major Milestone shall require successful achievement of each interim milestone upon which such Major Milestone depends, which interim milestones are included in such SOW (and Acceptance Criteria for each Major Milestone shall include D&B’s acceptance that such interim milestone(s) have been successfully achieved).
A failure by Acxiom to substantially conform to any such Major Milestone in accordance with the preceding sentence, as approved by D&B in writing in accordance with the Project Estimates Process, will entitle D&B, in addition to any other rights set forth in this Agreement or available to D&B in law or at equity for Acxiom’s breach of this Agreement, to exercise the remedies described in such SOW.
Acxiom shall achieve each Major Milestone by the applicable date set forth in the applicable SOW.
D&B may exercise the remedies provided in Section 12 of the Project Estimates Process provided in Attachment A-1 (Project Estimates Process) to Schedule A if Acxiom fails to successfully complete any Major Milestone for the work under this SOW within sixty (60) days following the scheduled completion date for such Major Milestone.
In furtherance of Seller’s obligation, Seller shall reasonably endeavor to achieve each of the interim Major Milestones set forth in Exhibit C on or prior to the applicable date set forth for such Major Milestone.
For Major Milestone or Critical Deliverables, within five (5) Business Days after receiving such notice from DIR and at no charge to DIR, Successful Respondent shall correct such Noncompliance, satisfy the Acceptance Criteria, and integrate the correction (including among other milestones and deliverables and previously Accepted items).
On the Advance Date, no event shall have occurred that would reasonably be expected to result in Borrower being unable to achieve any Major Milestone within the time period applicable to such Major Milestone, as determined by Lender.
The Monthly Status Meeting shall provide an overview of the production status, including any update to the Major Milestone Production Schedule, critical problem areas and a general assessment of production progress.

More Definitions of Major Milestone

Major Milestone or "Major Milestones" means, collectively and individually: (i) the First Milestone; (ii) the Procurement Contract Milestone; (iii) the Construction Commencement Milestone, and (iv) the Commercial Operation Date.

Major Milestone has the meaning set forth in Exhibit B, Section 013216, Article 105.1, Table 1-1. “Major Subcontractor” means a Subcontractor providing labor, services, and/or Contractor Supplied Materials and Equipment in relation to the Work under this Agreement that has a value of Fifty Thousand Dollars ($50,000) or more.

Major Milestone means a Critical Transition Milestone that carries with it a Critical Transition Milestone Credit, as identified in Schedule D-3 to the Contract.