Commercial Operation definition

Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

Commercial Operation means the Conditions of Operation in which the complete equipment covered under the Contract is officially declared by TSECL to be available for continuous operation at different loads upto and including rated capacity. Such declaration by TSECL, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

Commercial Operation means the date on which the Project becomes commercially operational and placed into service such that all of the following events have occurred and remain simultaneously true and accurate:

Examples of Commercial Operation in a sentence

• Trial Operation shall mean the period during which Developer is engaged in on-site test operations and commissioning of the Large Generating Facility prior to Commercial Operation.

• Commercial Operation shall mean the status of a Generating Facility that has commenced generating electricity for sale, excluding electricity generated during Trial Operation.

• Commencing on Commercial Operation until the end of the Term, CVEC shall pay to Host an annual rental payment in the amount of $1.00 on or before the fifteenth (15th) day of each January during the Term.

• Commercial Operation shall mean the status of a Large Generating Facility that has commenced generating electricity for sale, excluding electricity generated during Trial Operation.

• Commercial Operation Date of a unit shall mean the date on which the Large Generating Facility commences Commercial Operation.

More Definitions of Commercial Operation

Commercial Operation means any operation of an aircraft, in return for remuneration or other valuable consideration, which is available to the public or, when not made available to the public, which is performed under a contract between an operator and a customer, where the latter has no control over the operator;

Commercial Operation means the Facility is operating and able to produce and deliver the Product to Buyer pursuant to the terms of this Agreement.

Commercial Operation means, solely for purposes of this Agreement, the date on which a material portion of Qualified Property has been installed or constructed on the Land and is capable of generating electricity.

Commercial Operation has the meaning ascribed to it in Section 2.5.

Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by OPTCL to be available for continuous operation at different loads for periods mentioned in the specification so as to relieve the Contractor of his obligations for such operation under the Contract.

Commercial Operation means the date that the first electricity produced by a facility is delivered for commercial sale to the power grid.

Commercial Operation means the Project is operating and able to produce and deliver Energy to Buyer pursuant to the terms of this Agreement.