Operational Term definition

Operational Term means [in respect of a Phase] the period from the Actual Completion Date [Phase Actual Completion Date] until the end of the Project Term;

Operational Term means the term of validity of a Digital Certificate commencing on the date of its issue and terminating on the earlier of (i) the date disclosed in that Digital Certificate or (ii) the date of that Digital Certificate’s Revocation.

Operational Term means any provision of the Crude Supply Agreement or the CRCCLP Crude Supply Agreement concerning the day-to-day performance of such agreement, including those provisions customarily waived or modified on a temporary basis in the ordinary course of business or pursuant to industry custom or practice, and which is not a Material Term.

Examples of Operational Term in a sentence

• This Clause 49A specifies the respective obligations of the parties in relation to malicious damage to the Facilities during the Operational Term.

• During the Operational Term, the Authority shall be entitled to notify Sub-hubco that a risk has become Uninsurable under paragraph (b) of the definition of “Uninsurable”.

• Sub-hubco shall be responsible for monitoring its performance of this Agreement during the Operational Term, in the manner and at the frequencies set out in Schedule Part 12 (Service Requirements).

• If Sub-hubco defaults in insuring or continuing to maintain the Insurances, the Authority may insure against any risk in respect of which such default has occurred and recover any premiums from Sub-hubco as a debt provided that if the default occurs during the Operational Term the amount recoverable from the Sub-hubco shall be the difference between the premiums had Sub-hubco continued to maintain the Insurances and the premiums paid by the Authority to take out and maintain the Insurances.

• Subject to Clause 23.24, the Authority is entitled to be reimbursed by Project Co for costs incurred by the Authority for Utilities supplied to the Facilities during the Operational Term that are consumed in the process of Project Co or any Project Co Party carrying out operations to rectify an Availability Failure.

More Definitions of Operational Term

Operational Term is defined in Section 5 below. "Option Period" is defined in Section 6 below.

Operational Term means the term set out in in clause 4(b). Operator includes, as the context requires, Operator Entities, the Operator's Subcontractors and Operator Personnel. Operator Entities means the Operator and, only in relation to the approved services, each Operator Related Body Corporate which is an Approved Subcontractor under clause 28. Operator Group means the Operator and each of the Operator's Related Bodies Corporate.

Operational Term has the meaning given by clause 7(1) (Operational Term and Post-Closure Period);

Operational Term means the period from the Substantial Completion Date until the Termination Date;

Operational Term means the period beginning when

Operational Term means the period commencing on the Effective Date and ending December 31, 2000, unless sooner terminated or extended pursuant to Section 5 hereof.

Operational Term means that period of time commencing upon the Effective Date and continuing for the following two (2) years.