Commercial Operation Milestone Date Sample Clauses

Commercial Operation Milestone Date. NYSERDA’s obligations to purchase Tier-1 RECs and to make payment under this Agreement are conditioned on the commencement by the Bid Facility of Commercial Operation with an Installed Capacity of not less than 80% of the Bid Capacity [, and the substantial completion of any Committed Upgrades] on or before the Commercial Operation Milestone Date. The Commercial Operation Milestone Date shall be as stated in Schedule 2 of this Agreement. Seller may elect to extend the Commercial Operation Milestone Date pursuant to Article XV.
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Commercial Operation Milestone Date. NYSERDA’s obligations to purchase Tier-1 Renewable Energy Certificates and to make payment under this Agreement are conditional on the commencement by the Bid Facility of Commercial Operation at a minimum of 80% of the Bid Capacity on or before the Commercial Operation Milestone Date. The Commercial Operation Milestone Date shall be November 30, 2021. Seller may elect to extend the Commercial Operation Milestone Date; See Article XV.
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Commercial Operation Milestone Date. The Initial Commercial Operation Milestone Date , unless and until the Initial Commercial Operation Milestone Date is extended in accordance with the terms of Article II and Article XV of this Agreement, in which case the Commercial Operation Milestone Date shall be the applicable Extended Commercial Operation Milestone Date determined in accordance with Article XV and Schedule 2.
Sample 1
Commercial Operation Milestone Date. The as-bid on which the Seller has stated in its Proposal that it expect the Selected Project to achieve Commercial Operation. The Commercial Operation Milestone Date shall be _____, unless and until the Commercial Operation Milestone Date is extended in accordance with the terms of Section 15.02 of this Agreement.
Sample 1

Related to Commercial Operation Milestone Date

  • Commercial Operation (i) On or before December 31, 2021, Interconnection Customer must demonstrate commercial operation of all generating units. Demonstrating commercial operation includes achieving Initial Operation in accordance with Section 1.4 of Appendix 2 to this ISA and making commercial sales or use of energy, as well as, if applicable, obtaining capacity qualification in accordance with the requirements of the Reliability Assurance Agreement Among Load Serving Entities in the PJM Region.

  • Project/Milestones Taxpayer owns and operates a variety of businesses, including athletic clubs, restaurants, golf venues, and shopping centers. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in tenant improvements as part of its headquarters expansion in San Rafael, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

  • Initial Operation The following requirements shall be satisfied prior to Initial Operation of the Customer Facility:

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by September 30, 2022.

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