Examples of Performance Testing Period in a sentence
Simple functionality tests without the application of ‘live load’ are not considered to be part of the Performance Testing Period.
Where Performance Testing is performed in stages any periods between the applications of ‘live load’ are not considered to be part of the Performance Testing Period.
Extensions to the estimated Construction Period do not automatically extend the Performance Testing Period or the estimated Defects Liability Period, and any request for extension to these periods will only be considered at terms and conditions to be agreed by the Insurer (acting reasonably).
Vesting of 25% of each tranche of Performance Rights will be based upon the TSR achieved by Goodman over the Performance Testing Period as compared to the TSR achieved by companies in the S&P/ ASX 100 for that same period.
If any of the Performance Guarantees are not met by the end of the Performance Testing Period, Contractor shall have the right to make modifications at Contractor’s expense and retest during the Cure Period until passing such Performance Test.