Initial Completion definition
Examples of Initial Completion in a sentence
Provided however, if Commencement of Coke Production at the Coke Plant has not commenced by the Initial Completion Deadline, and production is not delayed by a Seller Force Majeure Event, then the cover price per Ton shall be based upon what the Contract Price would have been at the time of cover if the Coke Plant had commenced production, until the Commencement of Coke Production at the Coke Plant.
Not more frequently than once each calendar month between the Effective Date and the Initial Completion Deadline, a Seller shall present a Tranche Presentation Certificate to Purchaser listing Projects that are reasonably expected to satisfy the conditions in Section 2.3 on the Purchase Date for such tranche (such collection of Projects, a “Tranche”).
The provisions of this Deed and of the other Transaction Documents which remain to be performed following Initial Completion shall continue in full force and effect notwithstanding Initial Completion.
The first Completion Notice delivered by Seller after the Model Lot Closing Date may be referred to herein as the "Initial Completion Notice" and shall be delivered on or before December 31, 2016.
Sellers shall use commercially reasonable efforts to cause all Projects sold to the Purchaser hereunder to be Placed in Service by the Initial Completion Deadline.