Average Operational Time Sample Clauses

Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time of services of at least 75% of the total days on which Premises is operational. The Average Operational Time for services shall be calculated as follows: 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty (the “Penalty”) which shall be equivalent to 10% of the Annual Licence Fee for the year for which such Penalty is imposed, to Authority within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, Authority shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.
Sample 1
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Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time of Fine Dining and Banqueting of atleast 75% of the total days on which Premises is operational. The Average Operational Time for Fine Dining and Banqueting shall be calculated as follows: Average Operational Time for Fine Dining and Banqueting = 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty (the “Penalty”) which shall be equivalent to 10% of the Annual Concession Fee for the year for which such Penalty is imposed, to DTTDC within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, DTTDC shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.
Sample 1
Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time per food court of atleast 75% of the total days on which Premises is operational. The Average Operational Time for food court shall be calculated as follows: Average Operational Time per Food court = ∑(Number of operational days in the year for Food Court) (Number of days for which Premises was operational in the year) 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty of 10% of Annual Concession fee for the Year for which it is imposed (the “Penalty”)and pay , to DTTDC within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, DTTDC shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.
Sample 1
Average Operational Time. 10.8.1. Operator shall achieve Average Operational Time of Cafeteria of atleast 75% of the total days on which Premises is operational. The Average Operational Time for Cafeteria shall be calculated as follows: Average Operational Time per Cafeteria= 10.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 10.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty of, (the “Penalty”) which shall be equivalent to 10% of the Annual Concession Fee for the year for which such Penalty is imposed, to DTTDC within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, DTTDC shall deduct the complete amount of penalty from Performance Security of Operator. 10.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.
Sample 1

Related to Average Operational Time

  • Commercial Operation Date 6.4.1 The SPV shall ensure that the Project Commercial Operation Date is achieved on or prior to the Scheduled Commercial Operation Date. The SPV shall provide a written notice to MSEDCL at least 30 (thirty) days in advance intimating MSEDCL of the proposed date on which the Commercial Operation Date of a Unit or the Project is proposed to be achieved. 6.4.2 If the Commercial Operation Date for the Units having a capacity equivalent to at least 75% (seventy five percent) of the Contracted Capacity is achieved before the Scheduled Commercial Operation Date, then all Units in respect of which the Commercial Operation Date has been achieved prior to the Scheduled Commercial Operation Date would be eligible for incentives as follows: (a) the Unit(s) injecting energy at 11 kV /22 kV shall be given an incentive of Rs. 0.25/ kWh; and (b) the Unit(s) injecting energy at 33 kV shall be given an incentive of Rs. 0.15/ kWh, for the power sold to MSEDCL for the first 3 (three) years from the Commercial Operation Date. To receive such incentives from MSAPL, which shall be over and above the Tariff, the SPV shall follow the process agreed to by the SPV under the Implementation Agreement. 6.4.3 It is hereby clarified that the aforementioned incentive shall not be available: (i) in respect of any Unit if the Commercial Operation Date for such Unit has not been achieved prior to the Scheduled Commercial Operation Date; and (ii) if the aggregate capacity of the Units for which the Commercial Operation Date has been achieved prior to Scheduled Commercial Operation Date is less than 75% (seventy five percent) of the Contracted Capacity. 6.4.4 In the event that Commercial Operation Date for any of the Units is achieved after the Scheduled Commercial Operation Date, the SPV shall be liable to pay Liquidated Damages as per the provisions set out below. 6.4.5 Without prejudice to any other rights of MSEDCL under this PPA, in case one or more Units of the SPV are unable to achieve Commercial Operation Date within a period of 2 (two) months from the Scheduled Commercial Operation Date, the capacity of such Units shall be annulled, and the Contracted Capacity shall be reduced to that extent. For Illustration: The Project has a Contracted Capacity of 100 MW and comprises of 10 Units of 10 MW each. If at the end of the aforementioned period of 14 (fourteen) months from the Effective Date, the SPV has achieved Commissioning for only 8 out of 10 Units, then the Contracted Capacity of the Project will stand reduced for the capacity of the 2 Units which have not been Commissioned, i.e. the Contracted Capacity will be 80 (100 (original Contracted Capacity)) – 10 (capacity of each Unit)*2 (number of Units not Commissioned).

  • Additional Time If because of events beyond the Design Professional’s reasonable control, it is not able to meet the specified time period, then it should be entitled to ask the Owner for additional time, which request shall not be unreasonably denied.

  • Show Up Time An employee who reports to work in the usual manner without having been notified that there is no work available and is sent home because of lack of work before having worked four (4) hours shall receive a minimum of four (4) hours pay at their prevailing hourly rate. The employee shall also receive their full accommodation allowance if and when applicable. Each employee must inform the Employer of a means of being contacted on short notice. If an attempt is made by the Employer at least two (2) hours before the employee’s shift commences by way of the contact information provided, in an effort to inform the employee of a lack of work, and the Employer is unable to do so, the employee will not be entitled to show up time.

  • Crib Time (i) When an Employee is required to work overtime after the usual ceasing time for the day or shift for two hours or more, he/she shall be allowed to take, without deduction of pay, a crib time of twenty minutes in duration immediately after such ceasing time and thereafter, after each four hours of continuous work, he/she shall be allowed to take also, without deduction of pay, a crib time of 30 minutes in duration. (ii) In the event of an Employee remaining at work after the usual ceasing time without taking the crib time of twenty minutes and continuing at work for a period of two hours or more, he/she shall be regarded as having worked twenty minutes more than the time worked and be paid accordingly.

  • Central Time After all Parties have been notified, the provisions of paragraphs (b) and (c) of this Section 2.1 shall apply.”

  • Working Day Working Day means a day other than a Saturday, Sunday, or a holiday which is observed by the construction industry in the area of the Place of the Work.

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

  • Personal Time Employees shall be eligible to take accrued PTO time for personal reasons. Such time must be scheduled in advance in accordance with Employer policies and be approved by the employee's supervisor. Personal time PTO must be taken in at least one hour increments.

  • Pacific Time If enabled by Platform, the Same Day ACH means that the transfer will be performed within one (1) business day. Any same day ACH transfer scheduled after the cut-off time will be treated as if it were scheduled as next day ACH transfer. In some circumstances, transactions may be delayed for risk or compliance reasons.

  • Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.

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