RFCD definition
Examples of RFCD in a sentence
Acceptance of RFCD (which such acceptance shall not be unreasonably withheld) shall be evidenced by Owner’s signature on such RFCD Completion Certificate.
Without limitation of the foregoing or any other scheduling requirements contained in this Agreement, Contractor shall give Owner one hundred twenty (120) Days’ prior written notice of the date on which it expects that it will need LNG beyond that required for RFCD to commence or continue commissioning, start-up and Performance Testing so that Owner can arrange for the delivery of an LNG shipment for such commissioning, start-up and Performance Testing.
The RFCD Completion Certificate shall be accompanied by all other supporting documentation as may be required to establish that the requirements for RFCD have been met.
The term “Delay Liquidated Damages” as used in this Agreement means the RFCD Delay Liquidated Damages and/or the Substantial Completion Delay Liquidated Damages.
Owner’s acceptance of RFCD shall not relieve Contractor of any of its obligations to perform the Work in accordance with the requirements of this Agreement.
Without limitation of the foregoing or any other scheduling requirements contained in this Agreement, Contractor shall give Owner one hundred twenty (120) Days’ prior written notice of the date on which it expects to achieve RFCD so that Owner can arrange for the delivery of an LNG shipment for the Cool Down of System 1.
Sixty (60) Days after such initial notice, Contractor shall give Owner a second written notice specifying the date on which Contractor expects to achieve RFCD.
Owner shall schedule the LNG shipment to Contractor for the purpose of Contractor conducting commissioning, start-up and Performance Testing requiring the use of LNG beyond that delivered for RFCD in accordance with such second written notice.
If Owner does not agree that RFCD has occurred, then Owner shall state the basis for its rejection in reasonable detail in such notice.
Subject to Section 20.2C, Contractor’s maximum liability to Owner for (i) RFCD Delay Liquidated Damages is one percent (1%) of the Contract Price, as may be adjusted by Change Order pursuant to Article 6 and (ii) Delay Liquidated Damages (including RFCD Delay Liquidated Damages and Substantial Completion Delay Liquidated Damages) is ten percent (10%) of the Contract Price in the aggregate, as may be adjusted by Change Order pursuant to Article 6.