Entry Into Commercial Service. 15.1 Commercial Operation Date (COD)
Entry Into Commercial Service. 10.8.1. The construction and development of the Project shall be deemed to be complete when the Completion Certificate is issued under the provisions of Clause 10.7.8 or 10.7.9, and accordingly the Commercial Operation Date (the “COD”) of the Project shall be the date on which such Completion Certificate is issued. The Project shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to receive the Storage and Handling Charge from the Authority in accordance with the provisions of Article 15.
Entry Into Commercial Service. 62
15.1 Commercial Operation Date (COD) 62 15.2 Damages for delay 62 ARTICLE 16 63
Entry Into Commercial Service. 15.1. Commercial Operation Date (COD)
15.1.1. Storage Facility 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”).
15.1.2. The Storage Facility shall enter into commercial service on COD whereupon the Concessionaire shall be entitled to receive Storage and Handling Charges from the Authority in accordance with the provisions of Article 25.
15.1.3. For avoidance of all doubt it is, hereby, agreed and accepted by the Parties that the declaration of COD, in case of earlier completion of the Storage Facility and issue of Completion Certificate as detailed in Clause 14.2, will be at the sole and exclusive discretion of the Authority.
Entry Into Commercial Service. 15.1 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 or the Financial close date, whichever is later (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.
Entry Into Commercial Service. 50
13.1 Commercial Operation Date (COD) 50 13.2 Termination due to delay 50 ARTICLE 14 52 CHANGE OF SCOPE 52
14.1 Change of Scope 52
14.1 Procedure for Change of Scope 52
Entry Into Commercial Service. Inspection by the Authority The Authority may inspect each Bus or any Lot of Buses, in accordance with the provisions of this Clause 14.1, prior to putting such Bus into operation. The Operator shall notify the Authority, no later than [45 (forty-five) days] prior to the date of delivery of the Buses, its delivery schedule. The Authority may, in its discretion, nominate its representative to carry out an inspection on the scheduled date and time. The Operator shall provide the assistance necessary for the Authority Representative to perform the inspection in accordance with the provisions of this Clause 14.1. For the avoidance of doubt, the Parties expressly agree that such inspection shall be completed within a period of [72 (seventy two)] hours from the time when a Bus is made available for inspection and upon expiry thereof, the Bus shall, subject to satisfactory completion of the safety inspection under Clause 14.2, be deemed to have been approved by the Authority. The Authority Representative shall submit an inspection report for each Bus specifying the defects and deficiencies that shall be rectified by the Operator in conformity with the Specifications and Standards (the “Punch List”). The Operator shall, no later than [30 (thirty)] days, rectify each item in the Punch List and notify the Authority of the same. The Authority may, in its discretion, inspect the Bus within [30 (thirty)] days thereof and in the event that any defect or deficiency specified in the Punch List shall have remained without rectification thereof, the Operator shall pay to the Authority as Damages, an amount of 0.01% (zero point zero one per cent) of the Performance Security for each day of delay until all items of the Punch List are rectified. Safety Inspection The inspection specified in Clause 14.2, shall include a safety inspection in accordance with the provisions of Article 18. In the event that the Authority Representative concludes that the Bus does not conform with the Specifications and Standards, and is therefore not safe for entry into service, he shall convey to the Parties forthwith, a report stating in detail the reasons for his findings. The Operator shall, notwithstanding anything to the contrary contained in this Article 14, withdraw the Bus for rectification thereof and present it to the Authority for inspection after the defects or deficiencies have been rectified. Commercial Operation Date (COD) for Respective Lot of Buses The Operator shall within [45 (f...
Entry Into Commercial Service. 14.1 Commercial Operation Date (COD) 14.2 Damages for delay ARTICLE 15 57 15 CHANGE OF SCOPE 15.1 Change of Scope 15.2Procedure for Change of Scope ARTICLE 16 59
Entry Into Commercial Service. 13.1.1. The rights, privileges, liberties and obligations of the Concessionaire, particularly the Concession shall commence from the date on which all Conditions Precedent have been satisfied in accordance with Article 4 (the "Appointed Date"), and determination of the Appointed Date by the Contracting Authority shall be final, conclusive and binding on the Concessionaire. The Project Highway shall for the purposes of this Agreement enter into commercial service on the Appointed Date whereupon the Concessionaire shall be entitled to demand and collect Fee and perform its O&M Obligations subject to and in accordance with the provisions of this Agreement.
Entry Into Commercial Service. 15.1 Commercial Operation Date (COD) The Rail System shall be deemed to be complete when the [safety certificate /commercial service certificate] have been issued under the provisions of Clause 14.4. Accordingly the commercial operation date of the Rail System shall be the date on which the [safety certificate/ commercial service certificate]is L V V COXD H.·ThGe Rail SystemWshalKl H ‡ enter into commercial service on COD whereupon the MOR shall provide the Reserved Services and make payment of User Fee to the Concessionaire in accordance with this Agreement, provided however, that the entry of Rail System into commercial service shall always be subject to compliance with the provisions of Clause 14.4.
15.2 Damages for delay Subject to the provisions of Clause 12.3, if COD does not occur prior to the [91st (ninety first) days] after the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to MOR or due to Force Majeure, the Concessionaire shall pay Damages to MOR in a sum calculated at the rate of 0.1% (zero point one per cent) of the amount of Performance Security for delay of each day until COD is achieved.
