Extension of Project Milestone Schedule Clause Samples

The Extension of Project Milestone Schedule clause allows for the adjustment of previously agreed-upon project deadlines when certain conditions are met. Typically, this clause outlines the process by which a party can request additional time to complete specific milestones, often due to unforeseen delays such as supply chain disruptions or changes in project scope. Its core practical function is to provide a formal mechanism for managing schedule changes, thereby reducing disputes and ensuring that both parties have a clear understanding of revised project timelines.
Extension of Project Milestone Schedule below. To meet the timetable, the Company shall cause the EPC Contractor to immediately commence the Works when the Effective Date occurs.
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Extension of Project Milestone Schedule. (a) Dates in the Project Milestone Schedule [or Works Timetable] may be extended only if any of the following events causes or will cause a material delay in achieving one or more Project Milestones: (i) an Agency Event of Default; (ii) a Force Majeure Event; (iii) a change in the detailed engineering designs and plans reasonably proposed by the Agency as described in Section 5.5.3(a) (Changes after Acceptance); (iv) failure, after due diligence, of the Agency to obtain the Consents from the relevant Local Government Units as described in Schedule 9 (Consents); (v) a delay or failure on the part of the Agency to carry out an obligation under this Agreement, other than an obligation related to payments by the Agency, and which failure or delay directly and proximately prevents the Company from meeting a Project Milestone, unless the delay or failure on the part of the Agency is excused under this Agreement, or is attributable to an action or inaction of the Company, its subcontractors, or agents that is inconsistent with this Agreement; or (vi) in case of discovered articles described in Section 5.10 (Discovered Heritage Resources).
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Extension of Project Milestone Schedule. (a) Dates in the Project Milestone Schedule may be extended only if any of the following events causes or will cause a material delay in achieving one or more Project Milestones: (i) an Agency Event of Default; (ii) a Force Majeure Event; (iii) a delay or failure on the part of the Agency to carry out an obligation under this Agreement, other than an obligation related to payments by the Agency, and which failure or delay directly and proximately prevents the Company from meeting a Project Milestone unless the delay or failure on the part of the Agency is excused under this Agreement, or is attributable to an action or inaction of the Company, its subcontractors, or agents that is inconsistent with this Agreement; (iv) in case of discovered articles described in Section 5.10 (v) upon mutual agreement by the Parties.
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Extension of Project Milestone Schedule. (a) Dates in the Project Milestone Schedule may be extended only if any of the following events causes or will cause a material delay in achieving one or more Project Milestones: (i) an LGU Event of Default; (ii) a Force Majeure Event; (iii) a delay or failure on the part of the LGU to carry out an obligation under this Agreement, other than an obligation related to payments by the Agency, and which failure or delay directly and proximately prevents the Company from completing a Project Milestone unless the delay or failure on the part of the Agency is excused under this Agreement or is attributable to an action or inaction of the Company, its subcontractors, or agents that is inconsistent with this Agreement; or (iv) in case of discovered articles described in Section 5.10 (Discovered Heritage Resources). (b) When any of the foregoing events occurs, the Company shall promptly submit to the Agency and the Independent Verifier a written report setting forth in detail reasonably satisfactory to the Agency the reasons for and the expected length of the delay. The Company shall also recommend measures to minimize the period of the delay and provide a supplemental plan that demonstrates that the Project will be completed within the shortest period possible taking into account the effects of the delay. After submission of the report, the Parties and the Independent Verifier shall meet within five (5) days to consult about the delay and the supplemental plan. The Parties may thereafter agree to equitably adjust the Project Milestone Schedule to the extent that the Company is able to demonstrate that such delay is attributable to any of the events listed in Section 5.9.2 (a).
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Extension of Project Milestone Schedule. (a) Dates in the Project Milestone Schedule may be extended only if any of the following events causes or will cause a material delay in achieving one or more Project Milestones: (i) an Agency Event of Default; (ii) a Force Majeure Event; or (iii) a delay or failure on the part of the Agency to carry out an obligation under this Agreement, other than an obligation related to payments by the Agency, and which failure or delay directly prevents the Company from completing a Project Milestone unless the delay or failure on the part of the Agency is excused under this Agreement or is attributable to an action or inaction of the Company, its subcontractors, or agents that is inconsistent with this Agreement. (b) When any of the foregoing events occurs, the Company shall promptly submit to the Agency and the Independent Verifier a written report setting forth in detail reasonably satisfactory to the Agency the reasons for and the expected length of the delay. The Company shall also recommend measures to minimize the period of the delay and provide a supplemental plan that demonstrates that the Project will be completed within the shortest period possible taking into account the effects of the delay. After submission of the report, the Parties and the Independent Verifier shall meet within five (5) days to consult about the delay and the supplemental plan. The Parties may thereafter agree to equitably adjust the Project Milestone Schedule to the extent that the Company is able to demonstrate that such delay is attributable to any of the events listed in Section 5.9.2(a).
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Related to Extension of Project Milestone Schedule

  • Milestone Schedule Please state the status and progress of each Milestone and identify any completed Milestone(s) for the previous calendar quarter.

  • Project/Milestones Taxpayer provides refrigerated warehousing and logistic distribution services to clients throughout the United States. In consideration for the Credit, Taxpayer agrees to invest in a new refrigeration and distribution facility in the ▇▇▇▇▇▇▇▇▇ Park area of Sacramento, California, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

  • Project Schedule Construction must begin within 30 days of the date set forth in Appendix A, Page 2, for the start of construction, or this Agreement may become null and void, at the sole discretion of the Director. However, the Recipient may apply to the Director in writing for an extension of the date to initiate construction. The Recipient shall specify the reasons for the delay in the start of construction and provide the Director with a new start of construction date. The Director will review such requests for extensions and may extend the start date, providing that the Project can be completed within a reasonable time frame.

  • Project Specific Milestones In addition to the milestones stated in Section 212.5 of the Tariff, as applicable, during the term of this ISA, Interconnection Customer shall ensure that it meets each of the following development milestones: 6.1 Substantial Site work completed. On or before July 1, 2021, Interconnection Customer must demonstrate completion of at least 20% of project site construction. At this time, Interconnection Customer must submit to Interconnected Transmission Owner and Transmission Provider initial drawings, certified by a professional engineer, of the Customer Interconnection Facilities. 6.2 Delivery of major electrical equipment. On or before July 15, 2021, Interconnection Customer must demonstrate that all generating units have been delivered to Interconnection Customer’s project site.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.