Common use of Commercial Operation Date (COD Clause in Contracts

Commercial Operation Date (COD. 15.1.1 [Six-Laning] shall be deemed to be complete when the Completion Certificate, is issued under the provisions of Article 14. The commercial operation date of the Project shall be the Appointed date (the “COD”). The Project Highway shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to demand and collect Fee in accordance with the provisions of Article 27.

Commercial Operation Date (COD. 15.1.1 [SixFour-Laning] Laning shall be deemed to be complete when the Completion Certificate or the Provisional Certificate, is as the case may be, issued under the provisions provision of Article 14. The , and accordingly the commercial operation date of the Project shall be the Appointed date on which such Completion Certificate or the Provisional Certificate is issued (the “COD”). The COD”).The Project Highway shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to demand and collect Fee in accordance with the provisions provision of Article 27.

Commercial Operation Date (COD. 15.1.1 [Six-Laning] The Project shall be deemed to be complete when the Completion Certificate, is issued under the provisions of Article 14. The , and accordingly the commercial operation date of the Project shall be the Appointed date on which Completion Certificate is issued (the “COD”). The Project Highway shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to demand and collect Fee Annuity Payments in accordance with the provisions of Article 27this Agreement.