Common use of Startup Deadline Clause in Contracts

Startup Deadline. The Startup Deadline is [Date], or such other date as provided in this Agreement; provided that, notwithstanding anything herein to the contrary, the Startup Deadline may not be later than five (5) years from the Effective Date. Subject to the foregoing, the Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Investment Tax Credit Legislation beyond [Date].

Appears in 2 contracts

Sources: Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

Startup Deadline. The Startup Deadline is [Date]shall be December 31, 2009, or such other date as provided in this Agreement; provided that, notwithstanding anything herein Agreement or as may be agreed to the contrary, the Startup Deadline may not be later than five (5) years from the Effective Datein a writing signed by both Parties. Subject to the foregoing, the The Startup Deadline shall be extended on a day-for-day basis for any delay in enactment of the Federal Investment Production Tax Credit Legislation beyond [Date]December 31, 2009, but may in no event be later than December 31, 2010.

Appears in 2 contracts

Sources: Renewable Power Purchase and Sale Agreement (GreenHunter Energy, Inc.), Renewable Power Purchase and Sale Agreement