Examples of Power Substantial Completion Date in a sentence
Notwithstanding such transfer of title, the Contractor will keep care and custody of, and be liable hereunder with respect to, the Work and equipment until the Power Substantial Completion Date.
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Warranties required by this Agreement shall commence on the Power Substantial Completion Date unless a different date of commencement is expressly stated in this Agreement for a particular piece of equipment in the Plant or a portion of the Plant.
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Until the Power Substantial Completion Date, Contractor will (i) perform the Work related to the start-up and commissioning of the Plant, including, but not limited to, feeding-in the substrates that are supplied by Principal, (ii) arrange and pay for the provision of electricity, water, fire protection, sewage and waste disposal services related to the performance of the Work or any other obligations of Contractor hereunder, (iii) bear and pay 100% of the costs of the Plant and the Work of any nature.
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The Power Substantial Completion Date as detailed under Article 12 below shall occur not later than fourteen (14) months following the Starting Date of Construction unless such date has been extended in writing in accordance with the terms hereof, including without limitation because of any Events of Force Majeure or a delay caused by Principal.
In this connection, it is agreed and understood that (i) Principal shall not be required to participate in or incur any cost or expense in respect of the Plant or the Work until Power Substantial Completion has been achieved and (ii) Contractor shall be entitled to receive any and all revenues to be generated from or in respect of the Plant until the Power Substantial Completion Date.
The same access shall be afforded to the persons authorized by the Principal’s representatives prior to the Power Substantial Completion Date or to the Contractor’s representatives following the Power Substantial Completion Date.