Commercial Operation Payment Sample Clauses

Commercial Operation Payment. CHGE shall be obligated to pay to Owner the Commercial Operation Payment after Owner achieves Commercial Operation of the Project.
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Commercial Operation Payment. RG&E shall be obligated to pay to Owner the Commercial Operation Payment after Owner achieves Commercial Operation of the Project.
Commercial Operation Payment. NYSEG shall be obligated to pay to Owner the Commercial Operation Payment after Owner achieves Commercial Operation of the Project.
Commercial Operation Payment. O&R shall be obligated to pay to Owner the Commercial Operation Payment after Owner achieves Commercial Operation of the Project.
Commercial Operation Payment. CECONY shall be obligated to pay to Owner the Commercial Operation Payment after Owner achieves Commercial Operation of the Project.
Commercial Operation Payment. Applicant shall make a one-time payment to the County of One Million, Five Hundred Thousand Dollars ($1,500,000.00), upon achieving Commercial Operation of the XXXX (the “XXXX Commercial Operation Payment”). As used herein, “Commercial Operation” or “Commercial Operation Date” means the date on which the XXXX becomes fully operational and begins storing and releasing electrical energy the grid. Generation of test energy shall not be deemed Commercial Operation. Commercial operation payments for the XXXX ($1.5M) shall be prorated based on the nameplate capacity of the facility. If the nameplate capacity is less than 400 MWac for XXXX, then the Commercial Operation Payment shall be reduced proportionally to reflect the reduced capacity. In the event that nameplate capacity at any later date is increased for the XXXX, then Commercial operation payment shall be adjusted upward accordingly and Applicant shall make such payments to the county at that time.

Related to Commercial Operation Payment

  • 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.

  • 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.

  • Commercial Operation Date (COD 15.1.1 The Project shall be deemed to be complete when the Completion Certificate or the Provisional Certificate, as the case may be, is issued under the provisions of Article 14, and accordingly the commercial operation date of the Project shall be the date on which such Completion Certificate or the Provisional Certificate is issued (the “COD”). The Project shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to demand and collect Annuity Payments in accordance with the provisions of this Agreement.

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

  • Longevity Payment 11.4-1 Longevity Payments shall be made on the June 30 Payroll check.

  • REPORT ON CONTRACT SALES ACTIVITY AND ADMINISTRATIVE FEE PAYMENT A. CONTRACT SALES ACTIVITY REPORT. Each calendar quarter, Supplier must provide a contract sales activity report (Report) to the Sourcewell Supplier Development Administrator assigned to this Contract. Reports are due no later than 45 days after the end of each calendar quarter. A Report must be provided regardless of the number or amount of sales during that quarter (i.e., if there are no sales, Supplier must submit a report indicating no sales were made). The Report must contain the following fields: • Participating Entity Name (e.g., City of Staples Highway Department); • Participating Entity Physical Street Address; • Participating Entity City; • Participating Entity State/Province; • Participating Entity Zip/Postal Code; • Participating Entity Contact Name; • Participating Entity Contact Email Address; • Participating Entity Contact Telephone Number; • Sourcewell Assigned Entity/Participating Entity Number; • Item Purchased Description; • Item Purchased Price; • Sourcewell Administrative Fee Applied; and • Date Purchase was invoiced/sale was recognized as revenue by Supplier.

  • Failure to Achieve Commercial Operation If the Large Generating Facility fails to achieve Commercial Operation, but it or another generating facility is later constructed and makes use of the Network Upgrades, the Participating TO shall at that time reimburse Interconnection Customer for the amounts advanced for the Network Upgrades. Before any such reimbursement can occur, the Interconnection Customer, or the entity that ultimately constructs the generating facility, if different, is responsible for identifying and demonstrating to the Participating TO the appropriate entity to which reimbursement must be made in order to implement the intent of this reimbursement obligation.

  • 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.

  • Parallel Operation Company agrees to allow Seller to interconnect and operate the Facility to provide renewable dispatchable generation and energy in parallel with the Company System; provided, however, that such interconnection and operation shall not: (i) adversely affect Company's property or the operations of its customers and customers' property; (ii) present safety hazards to the Company System, Company's property or employees or Company's customers or the customers' property or employees; or (iii) otherwise fail to comply with this Agreement. Such parallel operation shall be contingent upon the satisfactory completion, as determined solely by Company, of the Acceptance Test and, to the extent applicable, the Control System Acceptance Test, in accordance with Good Engineering and Operating Practices.

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