MINUTES OF COMMENCEMENT OF OPERATION Sample Clauses

MINUTES OF COMMENCEMENT OF OPERATION. Document in which it shall be evidenced that the PROJECT WORKS corresponding to the first stage of the PROJECT have satisfactorily complied with the TESTS, which shall be prepared and executed by the DEVELOPER, reviewed by the SUPERVISION, and submitted to the consideration of CEA, for its issuance jointly with the DEVELOPER. With the issuance of these minutes, the monthly payments of the T1 + T2 + (T3 X Q) + (T4 X Q) tariffs shall commence; in the understanding that the T1 Tariff may commence to be paid prior to the lapsing of the 37 (thirty seven) months following the APP EFFECTIVENES COMMENCEMENT, in accordance with the terms of this APP.
Sample 1
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MINUTES OF COMMENCEMENT OF OPERATION. Document that shall be prepared by the DEVELOPER, reviewed by the SUPERVISION and submitted to the consideration of CEA one day after the execution of the MINUTES OF CAPACITY, by virtue of which the DEVELOPER may commence the OPERATION PERIOD of the SYSTEM. Once the DEVELOPER has delivered the OPERATION GUARANTEE to CEA, CEA shall be obliged to, immediately, return the CONSTRUCTION GUARANTEE and to issue the MINUTES OF COMMENCEMENT OF OPERATION. Upon execution of these minutes, the OPERATION PERIOD and the payments corresponding to the CONSIDERATION shall commence, pursuant the specifications of this APP. If for causes exclusively attributable to the DEVELOPER, the MINUTES OF COMMENCEMENT OF OPERATION are not issued, and no additional term pursuant to the following paragraph is granted, the payment of the conventional penalties referred in section 3 of CLAUSE THIRTY FIFTH shall be applicable. In the event that the DEVELOPER had requested and obtained an additional term for the execution of the MINUTES OF CAPACITY, the OPERATION PERIOD shall be extended for the same additional term granted. Likewise, notwithstanding that the DEVELOPER has been granted an additional term for compliance of the PRODUCTION CAPACITY, CEA obliges itself to begin the payments corresponding to the T1 tariff. In the event that the DATE OF COMMENCEMENT OF OPERATIONS occurs after the 37th (thirty seventh) month counted as from the APP EFFECTIVENESS COMMENCEMENT, due to causes attributable to CEA, the execution of additional works, a CHANGE IN LAW, an ACT OF GOD or FORCE MAJEURE EVENT, or due to any other circumstance that pursuant to the terms of this APP, entitles the DEVELOPER to the extension of the INVESTMENT PERIOD, the DATE OF COMMENCEMENT OF OPERATIONS shall be extended for a term equivalent to the delay due to the foregoing causes.
Sample 1

Related to MINUTES OF COMMENCEMENT OF OPERATION

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Statement of Operations Statement of Changes in Net Assets.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Date of Operation 3.1 This Agreement remains in force until 2/7/2027. The agreement will continue to apply beyond its expiration date until it is replaced in accordance with the FW Act.

  • DATE AND PERIOD OF OPERATION 3.1 This Agreement will operate from the date seven (7) days after it is approved by the FWC and shall have a nominal expiry date of 2 July 2027. By no later than 2 July 2026 the Employer intends to commence discussions concerning a replacement enterprise agreement. This Agreement will continue to operate after its nominal expiry date unless it is replaced by another enterprise agreement or terminated in accordance with the Fair Work Act.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Hours of Operation You can access automated account information through the Service 7 days a week, 24 hours a day. There may be times, however, when all or part of the Service is unavailable due to system outages or maintenance. We assume no responsibility for any damage or delay that may result from such unavailability.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

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