Test Project Sample Clauses

Test Project. The Grid Service System for the Test Project will be developed under the Statement of Work attached hereto as Exhibit A, which provides, among other things, for the completion and delivery of such system within [**] of the issuance of a Purchase Order for the Test Project by AES to A123. A123 and AES will use their commercially reasonable efforts to improve upon that delivery schedule. The Purchase Order for the Test Project shall be issued by AES in accordance with Section 4.1(a). A123's delivery commitment will be extended by an additional day for every day that the Purchase Order for the Test System issues after the date specified in Section 4.1(a). The Parties acknowledge that A123's delivery commitment will be so extended. Delivery shall be FCA A123 Hopkinton, MA.
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Test Project. Upon issuance of the Purchase Order for the Test Project Grid Service System (which shall be issued within [**] from the Effective Date), AES shall agree to pay A123 [**] Dollars ($[**]) plus the actual costs incurred for the procurement and preparation of the trailer for such Grid Service System which are approved in advance by AES as confirmed in writing. Payment of [**] percent ([**]%) of the Test Project fee shall be made upon issuance of the Purchase Order for the Test Project Grid Service System with the remaining [**] percent ([**]%) payable when AES provides written notice to A123 promptly following the Test Project testing indicating that such testing has been completed and that the Grid Service System for the Test Project has met its Specifications as set forth in the applicable Statement of Work. Costs for the procurement and preparation of the trailer previously approved by AES will be due net [**] from A123 invoice date. For the avoidance of doubt, the above fee shall include the costs of the Power Electronics for the Test Project, which A123 shall procure.
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Test Project. A123 hereby provides AES a warranty on the Test Project that is similar in all material respects to the warranty set forth in subparagraph (a) above, provided that the income sharing arrangement described in Section 4.4 above shall not apply and AES is not responsible for procuring and transferring any supplier warranties for the Power Electronics.
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Related to Test Project

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Project Completion Part 1 – Material Completion

  • Maintenance of Total Unencumbered Assets The Company and its Subsidiaries will maintain Total Unencumbered Assets of not less than 200% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Cost Overruns The Borrower shall ensure that all cost-overruns over the estimated construction costs of the Project as certified by a quantity surveyor or the Architect or as ascertained by the Lender as and when they occur shall be funded by the Borrower’s own equity;

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • The Project The Project is the total construction of which the Work performed under the Contract Documents may be the whole or a part.

  • Capital Projects 25.1 All capital projects, whether already underway or beginning during this period, are subject to the Department’s investment appraisal processes. Any capital expenditure that exceeds the BFI’s delegated capital limit must be referred to the DCMS Finance Committee for approval at three stages of development, as set out in guidance issued by the Department. The figure used in calculating whether the costs exceed the delegated limit is the lifetime cost of the capital project, including non- exchequer funding and any increased running costs ensuing from it.

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

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