Ready for Performance Testing means that all of the following have occurred with respect to a Subproject: (i) the Subproject has started operation and successfully produced LNG; (ii) all OSBL Facilities and modifications and improvements to the Existing Facility required for the Subproject to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Project to ensure that the entire Work, and each component thereof, of such Subproject was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Project have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test for such Subproject.
Ready for Performance Testing means that all of the following have occurred with respect to Subproject 5: (i) the Subproject has started operation and successfully produced LNG; (ii) all OSBL Facilities and modifications and improvements to the Existing Facility, Stage 1 Liquefaction Facility, and Stage 2 Liquefaction Facility required for the Subproject to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Project to ensure that the entire Work, and each component thereof, of the Subproject was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Project have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test for Subproject 5.
Ready for Performance Testing with respect to each of the EPC Contracts, has the meaning provided in such EPC Contract.
Examples of Ready for Performance Testing in a sentence
In no event shall the limitation of liability set forth in this Section 20.1 be in any way deemed to limit Contractor’s obligation to perform all Work required to achieve Ready for Performance Testing for any Subproject.
More Definitions of Ready for Performance Testing
Ready for Performance Testing means that all of the following have occurred with respect to Subproject 3: (i) Subproject 3 has started operation and successfully produced LNG; (ii) all OSBL Facilities required for Subproject 3 to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation, and pre- commissioning checks and tests of the Project to ensure that the entire Work, and each component thereof, was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Project have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test.
Ready for Performance Testing means that all of the following have occurred with respect to Subproject 6(a): (i) the Subproject has started operation and successfully produced LNG; (ii) all OSBL Facilities and modifications and improvements to the Existing Facility, Stage 1 Liquefaction Facility, Stage 2 Liquefaction Facility, and Stage 3 Liquefaction Facility required for the Subproject to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Project to ensure that the entire Work, and each component thereof, of such Subproject was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Project have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test for such Subproject.
Ready for Performance Testing means that all of the following have occurred with respect to the Facility: (i) Cool Down has been completed for System 1, System 2, and System 3; (ii) all Tanks have been successfully filled to their high levels (but not simultaneously); (iii) all vaporizers have been operated individually; (iv) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Facility to ensure that the entire Work and each component thereof was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (v) all portions of the Facility have attained the state of completion necessary for commencement of the Sendout Rate Performance Test.
Ready for Performance Testing shall have the meaning assigned to such term in the EPC Contract.
Ready for Performance Testing means that all of the following have occurred with respect to Project 3: (i) Project 3 has started operation and successfully produced LNG; (ii) all OSBL Facilities and modifications and improvements to the Phase 1 Liquefaction Facility as set forth in Attachment 1 required for Project 3 to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of Project 3 to ensure that the entire Work, and each component thereof, of Project 3 was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of Project 3 have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test for Project 3.
Ready for Performance Testing means that all of the following have occurred with respect to the Facility: (i) Cool Down has been completed for System 1, System 2, and System 3; (ii) all vaporizers have been operated individually; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Facility to ensure that the entire Work and each component thereof was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Facility have attained the state of completion necessary for commencement of the Sendout Rate Performance Test. Adjustment to Contract Price The original Contract Price was $ 646,936,000 Net change by previously authorized Change Orders (#SP/BE-002 to 028, 031, 033 thru 035; 037 thru 058) $ 182,442,446 The Contract Price prior to this Change Order was $ 829,378,446 The Contract Price will be increased by this Change Order in the amount of $ 0.00 The new Contract Price including this Change Order will be $ 829,378,446 Adjustment to dates in Project Schedule The following dates are modified: The Target Bonus Date is July 18, 2008. The Guaranteed Substantial Completion Date will be unchanged (December 20, 2008). The Guaranteed Substantial Completion Date as of the date of this Change Order therefore is 1,355 days following NTP. Adjustment to other Changed Criteria: No Change Adjustment to Payment Schedule: No Change Adjustment to Minimum Acceptance Criteria: As modified by this Change Order Adjustment to Performance Guarantees: As modified by this Change Order Adjustment to Design Basis: No Change. Other adjustments to liability or obligation of Contractor or Owner under the Agreement: As modified by this Change Order. Change Order #59 Ready for Performance Testing 1 of 2 This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change as described in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change. Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order. Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force...
Ready for Performance Testing means that all of the following have occurred with respect to a Project: (i) the Project has started operation and successfully produced LNG; (ii) all OSBL Facilities required for the Project to start operation and successfully produce LNG are operational sufficiently to start the Performance Test; (iii) Contractor has completed all procurement, fabrication, assembly, erection, installation and pre-commissioning checks and tests of the Phase 1 Project to ensure that the entire Work, and each component thereof, of the Phase 1 Project was sufficiently fabricated, assembled, erected and installed so as to be capable of being operated safely within the requirements contained in this Agreement; and (iv) all portions of the Project have attained the state of completion necessary for commencement of the LNG Production Rate Performance Test for the Project.