Common use of Scheduled Completion Date Clause in Contracts

Scheduled Completion Date. 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation/extraction and Delivery of Coal shall be undertaken in a manner such that the Commercial Operations Date occurson or prior to the Scheduled COD; and the Completion occurs on or prior to the Scheduled Completion Date. 12.5.2 On or before the Appointed Date, the Mine Operator shall have to submit a Project Completion Schedule (containing the Project Milestone) in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.2% (zero point two per cent)of the amount of Performance Security for delay of each week,or part of the week,beyond the such period of 60 (sixty) days and until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, Project Completion Schedule shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as ifProject Completion Schedule has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation/extraction and Delivery of Coal shall be undertaken in a manner such that the Commercial Operations Date occurson or prior to the Scheduled COD; and the Completion occurs on or prior to the Scheduled Completion Date. 12.5.2 12.4.1 On or before after the Appointed Date, the Mine Operator Concessionaire shall have to submit a undertake construction of Project Completion Schedule and Project Facilities as specified in Schedule-B, and in conformity with the Specifications and Standards set forth in Schedule-C. The 1460th (containing Fourteen hundred and sixtieth day) from the Appointed Date shall be the scheduled date for completion of the Project Milestone(the "Scheduled Completion Date") and the Concessionaire agrees and undertakes that Mandatory Project and Mandatory Project Facilities shall be completed on or before the Scheduled Completion Date . 12.4.2 The Concessionaire shall construct the Mandatory Project and Mandatory Project Facilities in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. set forth in Schedule-G. In the event that the Mine Operator Concessionaire fails to achieve any Project Milestone within a period of 60 90 (sixtyninety) days from the date set forth for such Project MilestoneMilestone in Schedule-G, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at to the rate extent of 0.2% Rs. 35,000 (zero point two per cent)of the amount of Performance Security Rupees thirty five thousand) for delay of each week,or part of the week,beyond the such period of 60 (sixty) days and day until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, project milestones or the Scheduled Completion Date are extended in accordance with the provisions of this Agreementagreement, Project Completion the dates set forth in Schedule G shall be deemed to be modified accordingly and the provisions of this Agreement agreement shall apply as ifProject Completion if Schedule G has been amended as above. For ; provided further that in the avoidance of doubtevent Project Completion Date is achieved, it is agreed that recovery of Damages the damages paid under this Clause 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.Clause

Scheduled Completion Date. 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation/excavation/ extraction and Delivery of Coal shall be undertaken in a manner such that the Commercial Operations Date occurson occurs on or prior to the Scheduled COD; and the Completion occurs on or prior to the Scheduled Completion Date. 12.5.2 On or before the Appointed Date, the Mine Operator shall have to submit a Project Completion Schedule (containing the Project Milestone) in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.2% (zero point two per cent)of cent) of the amount of Performance Security for delay of each week,, or part of the week,, beyond the such period of 60 (sixty) days and until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, Project Completion Schedule shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as ifProject if Project Completion Schedule has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.

Scheduled Completion Date. 12.5.1 The Mine Operator agrees and undertakes that development of Mines for excavation/extraction and Delivery of Coal shall be undertaken in a manner such that the Commercial Operations Date occurson or prior to the Scheduled COD; and the Completion occurs on or prior to the Scheduled Completion Date. 12.5.2 On or before the Appointed Date, the Mine Operator shall have to submit a Project Completion Schedule (containing the Project Milestone) in accordance with the Mining Plan and Schedule-G of this Agreement. Each Project Milestone in the Project Completion Schedule shall have a completion date. In the event that the Mine Operator fails to achieve any Project Milestone within a period of 60 (sixty) days from the date set forth for such Project Milestone, unless such failure has occurred due to Force Majeure or for reasons solely attributable to the Authority, it shall pay Damages to the Authority in a sum calculated at the rate of 0.2% (zero point two per cent)of the amount of Performance Security for delay of each week,or part of the week,, beyond the such period of 60 (sixty) days and until such Project Milestone is achieved; provided that if any or all Project Milestones, or the Scheduled COD, or the Scheduled Completion Date are extended in accordance with the provisions of this Agreement, Project Completion Schedule shall be deemed to be modified accordingly and the provisions of this Agreement shall apply as ifProject if Project Completion Schedule has been amended as above. For the avoidance of doubt, it is agreed that recovery of Damages under this Clause 12.5.2 shall be without prejudice to the rights of the Authority under this Agreement, including the right of Termination thereof.