Examples of Project Substantial Completion Date in a sentence
After Seller’s compliance with Section 10.2, the Parties shall execute a Change Order to (a) adjust the Critical Path Project Schedule (other than the Guaranteed Project Substantial Completion Date), to account for material delays to the Critical Path Project Schedule resulting from the Excusable Event and/or (b) adjust the Contract Price to account for the material increase in the cost of the performance of the Work resulting from the Excusable Event.
Seller agrees that if Project Substantial Completion is not achieved by the Guaranteed Project Substantial Completion Date, then Seller shall pay the Daily Delay Liquidated Damages to Purchaser for each Day that Seller fails to achieve Project Substantial Completion after the Guaranteed Project Substantial Completion Date until Project Substantial Completion is achieved (the “Delay Liquidated Damages”).
Except as set forth in Section 6.2, Section 9.2 or Section 3.4 of this Agreement or unless otherwise expressly provided by the terms of this Agreement, there shall be no increase in the Contract Price or extension in the Guaranteed Project Substantial Completion Date except as agreed in writing by the Parties or otherwise expressly provided by this Agreement.
If, as a result of any inspection, examination, or testing in accordance with this Agreement, Purchaser identifies any defective Work not in compliance with the requirements of this Agreement, and regardless of whether payment has been made therefor, then Purchaser may reject such portion of the Work prior to the Project Substantial Completion Date by prompt Notice to Seller.
The proposed recovery schedule will, at a minimum, demonstrate the means by which Seller intends to recapture lost time, meet Critical Milestones and achieve Project Substantial Completion by the Guaranteed Project Substantial Completion Date.
After achieving Project Substantial Completion, Seller may, at its option and sole cost and expense, continue to attempt to achieve the Minimum Guaranteed Plant Reliability until the date that is ninety (90) Days after the Guaranteed Project Substantial Completion Date (such period, the “Reliability Test Cure Period”).
The warranty set forth in Section 13.1 above shall commence on the Project Substantial Completion Date and apply for a period equal to [two (2) years] after the Project Substantial Completion Date, as such period may be extended as provided below, (the “Warranty Period”).
Prior to the Project Substantial Completion Date, Purchaser shall, at its own cost and expense, establish a NAR account in Purchaser’s name and take all such other actions that are necessary to receive and transfer the Environmental Attributes from the Project.
After achieving Project Substantial Completion, Seller may, at its option and sole cost and expense, continue to attempt to achieve the Minimum Guaranteed Plant Capacity until the date that is ninety (90) Days after the Guaranteed Project Substantial Completion Date (such period, the “Capacity Test Cure Period”).
Without altering, revising or otherwise changing the Guaranteed Project Substantial Completion Date, Seller shall, on a monthly basis submit an updated Critical Path Project Schedule to Purchaser and the Independent Engineer.