Common use of Commercial Operation Milestone Date Clause in Contracts

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.

Commercial Operation Milestone Date. NYSERDA’s obligations to purchase Tier-1 RECs and to make payment under this Agreement are conditioned conditional on the commencement by the Bid Facility of Commercial Operation with an Installed Capacity at a minimum 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.

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.

Commercial Operation Milestone Date. NYSERDA’s obligations to purchase Tier-1 RECs and to make payment under this Agreement are conditioned conditional on the commencement by the Bid Facility of Commercial Operation with an Installed Capacity at a minimum of not less than 8080 % 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.