Traffic Availability Target Date definition
Examples of Traffic Availability Target Date in a sentence
A Change Order shall not be regarded as confirming an extension to the Traffic Availability Target Date unless expressly stipulated.
The Payment Schedule is premised upon Traffic Availability being achieved on the Traffic Availability Target Date.
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If the Contractor fails to achieve Traffic Availability on or before the Traffic Availability Target Date, then without limiting any other remedy available to the Province, the Province shall have the right to set-off against amounts owing to the Contractor or from the Holdback the amount of Ten Thousand Dollars ($10,000.00) per day as liquidated damages for late Traffic Availability for each day or part thereof between the Traffic Availability Target Date and Traffic Availability.
The Province shall not, without the prior consent of the Contractor, pursue any Change Orders that singularly or in the aggregate involve an alteration in the scope of the Project of such magnitude that it could reasonably be expected to materially impact the Contractor’s ability to achieve Traffic Availability by the Traffic Availability Target Date or otherwise materially and adversely alter the risk profile of the Project.
The Payment Schedule is premised upon Traffic Availability being achieved on the Traffic Availability Target Date, and the first Payment accordingly is in respect of the period from October 26 through October 31, 2007.