Substantial Performance Date definition

Substantial Performance Date has the meaning given to it in the Construction Contract.
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Substantial Performance Date has the meaning set forth in Section 12.2.
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Substantial Performance Date means the date by which the Contractor is to attain Substantial Performance of the Work, identified in paragraph 1.1.2(c).
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Examples of Substantial Performance Date in a sentence

  • The Contractor acknowledges that the Owner needs a minimum of ninety (90) days notice prior to the anticipated Substantial Performance Date to prepare for the Commissioning.

  • Substantial Performance Date means the date Substantial Performance of the Work is achieved.

  • The Owner has ownership of the Schedule Cushion and can elect to use it at any time in respect to an Owner initiated Change Order or upon the occurrence of any event of delay which would otherwise grant to the Contractor an extension of Contract Time provided any portion of the Schedule Cushion which has not been used by the Owner prior to the Substantial Performance Date will be given to the Contractor.

  • The Contractor shall, by the date which is twenty (20) days prior to the anticipated Substantial Performance Date as set out in the Contractor’s notice, prepare a list, in electronic format on software that identifies deficiencies by division, by trade and by location (the “Contractor’s Preliminary Minor Deficiencies List”) of Minor Deficiencies including an estimate of the cost of and the time for rectifying such Minor Deficiencies.

  • Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS for the period from the commencement of the Work to, in the case of the Interim Work, the Interim Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect to the Guaranteed Price but not including any progress payment in respect to the Additional Owner Payments.

  • Applications for such progress payments will continue to be provided to the Lender’s Consultant so long as any amount that has been held back by the Owner pursuant to the Contract for the Work completed prior to the Substantial Performance Date remains unpaid.

  • The Contractor shall, by the date which is twenty (20) days prior to the anticipated Substantial Performance Date as set out in the Contractor's notice, prepare a list, in electronic format on software that identifies deficiencies by division, by trade and by location (the "Contractor's Preliminary Minor Deficiencies List"), of Minor Deficiencies including an estimate of the cost of and the time for rectifying such Minor Deficiencies.

  • Applications for such progress payments will continue to be provided to the Trustee’s Consultant so long as any amount that has been held back by the Owner pursuant to the Contract for the Work completed prior to the Substantial Performance Date remains unpaid.

  • Base Progress Payments means all progress payments to be made under GC 5.4 – PROGRESS PAYMENTS and GC 5.7 – PAYMENT OF HOLDBACK UPON SUBSTANTIAL PERFORMANCE OF THE WORK for the period from the commencement of the Work to, in the case of the Phase 1 Work, the Phase 1 Completion Date and with respect to the balance of the Work, the Substantial Performance Date in respect to the Guaranteed Price but not including any progress payment in respect to the Additional Owner Payments.

  • The Contract Time is the time stipulated in paragraph 1.3 of Article A-1 of the Agreement - THE WORK from commencement of the Work to the Phased Occupancy Date, the Interim Completion Date, to the Substantial Performance Date and to Total Completion.


More Definitions of Substantial Performance Date

Substantial Performance Date means October 23, 2000 subject to revision in accordance with the terms of this Development Agreement.
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Substantial Performance Date has the meaning ascribed to it in the Development Agreement.
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Related to Substantial Performance Date

  • Substantial Performance means the stage of completion when:(a) all Work, as certified by the Contract Administrator, is capable of completion or correction at a cost of not more than:

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Additional Performance Security means the Bank Guarantee to be submitted by Successful Bidder in accordance with Clause 8.7 of this RFP Document

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Certificate of Substantial Performance means a certificate issued by the NCC when the Work reaches Substantial Performance;

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Substantial Completion Date means the date on which Substantial Completion occurs.