Examples of Milestone Deadline in a sentence
Each such major development and construction activity shall be deemed to be an Operational Milestone, and the deadline by which Seller must successfully complete each such activity for Seller to achieve the Commercial Operation Date set forth in this Exhibit 3shall be deemed to be a Milestone Deadline.
Seller shall also identify and list the deadline by which Seller must secure all final Permits for Seller to achieve the Commercial Operation Date set forth above in this Exhibit 3 and such final deadline shall be deemed to be a Milestone Deadline.
If Seller has reason to believe that the Facility is not likely to timely achieve any Milestone Deadline, including the Commercial Operation Date, Seller shall promptly provide written notice to Buyer with all relevant facts, and will provide Buyer with any other information Buyer may request from Seller in respects to such failure of Seller.
Implementation Progress Reports to the TSO for each of the Performance Milestones and Additional Reporting Milestones outlined in Schedule 4, no later than 1 week following the relevant Milestone Deadline.
Task SEP Milestone Deadline* Amount 1 Planning and Design 20 months $565,000 2 Environmental Documentation and Permit Acquisition 26 months $185,000 3 Bidding/Award of Contract 32 months $20,000 4 Construction and Commissioning 48 months $5,210,000 *Timeline begins on the effective date of the final Stipulated Order.