Contract Delivery Term. [If the Selected Project is to be undertaken in phases as described in Section 2.1.3 of ORECRFP22-1, this definition and other applicable provisions of this Agreement will be conformed accordingly]. A period that shall commence on the first day of the month after any portion of the Selected Project commences Commercial Operation and end at the earlier of (i) the date upon which the Contract Tenor has elapsed, or (ii) the Outer Limit Date. If less than twenty-five percent (25%) of the Selected Project has commenced Commercial Operation (as determined on an installed capacity basis as compared to the Offer Capacity), Seller may elect to delay the commencement of the Contract Delivery Term for a period not to exceed one year after any portion of the Selected Project has achieved Commercial Operation. Seller must make such election in writing in conformance with the requirements of Article XIX of this Agreement.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
Contract Delivery Term. [If the Selected Project is to be undertaken in phases as described in Section 2.1.3 2.1.8 of ORECRFP22ORECRFP20-1, this definition and other applicable provisions of this Agreement will be conformed accordingly]. A period that shall commence on the first day of the month after any portion of the Selected Project commences Commercial Operation and end at the earlier of (i) the date upon which the Contract Tenor has elapsed, or (ii) the Outer Limit Date. If less than twenty-five percent (25%) of the Selected Project has commenced Commercial Operation (as determined on an installed capacity basis as compared to the Offer Capacity), Seller may elect to delay the commencement of the Contract Delivery Term for a period not to exceed one year after any portion of the Selected Select Project has achieved Commercial Operation. Seller must make such election in writing in conformance with the requirements of Article XIX of this Agreement.
Appears in 2 contracts
Samples: Sale Agreement, Renewable Energy Certificate Purchase and Sale Agreement
Contract Delivery Term. [If the Selected Project is to be undertaken in phases as described in Section 2.1.3 2.1.2 of ORECRFP22ORECRFP23-1, this definition and other applicable provisions of this Agreement will be conformed accordingly]. A period that shall commence on the first day of the month after any portion of the Selected Project commences Commercial Operation and end at the earlier of (i) the date upon which the Contract Tenor has elapsed, or (ii) the Outer Limit Date. If less than twenty-five percent (25%) of the Selected Project has commenced Commercial Operation (as determined on an installed capacity basis as compared to the Offer Capacity), Seller may elect to delay the commencement of the Contract Delivery Term for a period not to exceed one year after any portion of the Selected Project has achieved Commercial Operation. Seller must make such election in writing in conformance with the requirements of Article XIX of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement