Unit Installation definition
Examples of Unit Installation in a sentence
If Substantial Completion is delayed due to an Event of Default by Purchaser or Force Majeure, the Project Schedule, including, but not limited to, Substantial Completion and Unit Installation dates for calculation of the bonus calculation shall be equitably extended to compensate for such delays pursuant to a Change Order hereunder.
Such time shall be measured in whole days, where the date of Purchaser’s receipt of Seller’s Notices of Unit Installation Completion shall ▇▇▇▇ the commencement of the excluded time and the day of Purchaser’s notification to Seller that the conditions for Unit Installation for either ▇▇▇▇ #▇ ▇▇ ▇▇▇▇ #▇ have not been met shall ▇▇▇▇ the commencement (or recommencement) of time for which Liquidated Damages are owed by Seller to Purchaser.
If Purchaser countersigns the Notice of Unit Installation Completion, the date of Purchaser’s receipt of each of Seller’s Notices of Unit Installation Completion shall be deemed the Unit Installation Completion Date for both Units #3 and #4.
If Purchaser countersigns the Notice of Unit Installation Completion, the date of Purchaser’s receipt of each of Seller’s Notices of Unit Installation Completion shall be deemed the Unit Installation Completion Date for both Units #1 and #2.
If Seller prevails in the dispute, the date of Purchaser’s receipt of Seller’s Notices of Unit Installation Completion will be deemed the Unit Installation Completion Date for both Units #1 and #2.
If Seller fails to obtain within ten (10) Business Days following the achievement of Unit Installation for Units #1 and Unit #2, or once obtained, to maintain the Bond, then such failure shall not be a default hereunder, but upon sixty (60) days’ prior notice to Seller, Purchaser may terminate this Contract in whole or in part for such failure by Seller to obtain or maintain the Bond and such termination shall be Purchaser’s sole remedy in such event.
If Seller prevails in the dispute, the date of Purchaser’s receipt of Seller’s Notices of Unit Installation Completion will be deemed the Unit Installation Completion Date for both Units #3 and #4.
However, it is the intent of the Parties that promptly following the achievement of Unit Installation for Units #1 and #2, that Seller shall furnish a separate performance and payment bond (the “Bond”) in an amount equal to the total Contract Price and otherwise in form and substance substantially similar to the forms of bond set forth in Attachment 13 (“Form of Performance/Payment Bond”).
At any time following the Unit Installation Completion Date, Purchaser may direct or approve, by written notice to Seller, a reduction in amount or termination of the Bond for Unit #4 so as to facilitate the issuance or enhancement of performance security provided by or on behalf of Seller under the other Multi-Hearth Furnace Contracts.
When Seller determines that it has satisfied the conditions for Unit Installation for both Units #1 and #2 pursuant to this Contract and the Multi-Hearth Furnace Contract for Unit #2, Seller shall deliver a written notice of such determination with respect to Unit #1 (“Notice of Unit Installation Completion”) to Purchaser in the form set forth in Attachment 4 (“Form of Notice of Unit Installation Completion”).