OPERATIONAL LIFE Sample Clauses

OPERATIONAL LIFE. All modules in the CSG, including your Module(s), are committed to the exclusive use and operation of BMU for the operational life of the CSG, which is anticipated to be twenty (20) years from and after the date any module(s) in the CSG become functional and produce electricity that is transmitted to the electrical grid (the “Effective Date”). From and after the Effective Date, the operational life of the CSG and any of your Module(s) shall continue without break or pause, regardless of any difficulties with or malfunction of your Module(s) or any other module(s), until the destruction of the CSG by acts of nature or vandalism, the abandonment of the CSG by BMU or twenty (20) years after the Effective Date, whichever occurs first, at which time the operational life of the CSG and any module(s) owned by you will terminate. Upon termination of the operational life of the CSG and any module(s) you own as defined herein, the BMU has the exclusive right and obligation to purchase the module(s) you have purchased by this Agreement for one dollar ($1.00) for each module. Thereafter BMU has the option to discontinue the CSG or to continue to operate the CSG as its own facility. Under no circumstances are you permitted to remove your Module(s) from the CSG for any reason at any time, before or after termination of the operational life of the CSG and any modules you own.
Sample 1
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OPERATIONAL LIFE. The spacecraft shall be designed to operate in accordance with the performance requirements of this specification, during the active phase of the orbit when transmitting at full power, and shall have the capability of providing an anticipated mission life of 15 years, subject to optimization by the system CDR, but in no event to be less than 12 years. This requirement shall be met for 3[sigma] launch vehicle and spacecraft dispersions.
Sample 1
OPERATIONAL LIFE. Each unit shall be operated in the shipboard environment specified herein for a period of 25 years with no limit on the number of operating cycles. Minimum time between overhauls shall be 30,000 operating hours.
Sample 1

Related to OPERATIONAL LIFE

  • Professional Liability Insurance (if Applicable) $1,000,000 per occurrence limits of liability or whatever limit is customarily carried by the Contractor, whichever is greater, for design, design-build or any type of professional services with a minimum of three (3) years reporting of claims following completion of the project.

  • Professional Liability Before commencing work on this Agreement and throughout the term of this Agreement, the Party shall procure and maintain professional liability insurance for any and all services performed under this Agreement, with minimum coverage of $1,000,000 per occurrence, and $3,000,000 aggregate.

  • Operational Control Directing the operation of the Transmission Facilities Under ISO Operational Control to maintain these facilities in a reliable state, as defined by the Reliability Rules. The ISO shall approve operational decisions concerning these facilities, made by each Transmission Owner before the Transmission Owner implements those decisions. In accordance with ISO Procedures, the ISO shall direct each Transmission Owner to take certain actions to restore the system to the Normal State. Operational Control includes security monitoring, adjustment of generation and transmission resources, coordination and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Control Areas, voltage reductions and Load Shedding, except that each Transmission Owner continues to physically operate and maintain its facilities.

  • Insurance Business Any insurances or reinsurances falling within the definition of “contract of insurance” in Article 3(1) of the Financial Services and Markets Xxx 0000 (Regulated Activities) Order 2001 together with insurances concluded under any contracts for insurance made by the Underwriting Agent where the Broker is the coverholder or the placing broker.

  • FUND COMPLIANCE 3.1 The Fund and the Adviser acknowledge that any failure (whether intentional or in good faith or otherwise) to comply with the requirements of Subchapter M of the Code or the diversification requirements of Section 817(h) of the Code may result in the Contracts not being treated as variable contracts for federal income tax purposes, which would have adverse tax consequences for Contract owners and could also adversely affect the Company's corporate tax liability. The Fund and the Adviser further acknowledge that any such failure may result in costs and expenses being incurred by the Company in obtaining whatever regulatory authorizations are required to substitute shares of another investment company for those of the failed Fund or as well as fees and expenses of legal counsel and other advisors to the Company and any federal income taxes, interest or tax penalties incurred by the Company in connection with any such failure.

  • Disaster Recovery and Business Continuity The Parties shall comply with the provisions of Schedule 5 (Disaster Recovery and Business Continuity).

  • INVESTMENT OBJECTIVE, POLICIES AND RESTRICTIONS The Fund will provide the Sub-Adviser with the statement of investment objective, policies and restrictions applicable to the Series as contained in the Series' Prospectus and Statement of Additional Information, all amendments or supplements to the Prospectus and Statement of Additional Information, and any instructions adopted by the Board of Trustees supplemental thereto. The Fund agrees, on an ongoing basis, to notify the Sub-Adviser in writing of each change in the fundamental and non-fundamental investment policies of the Series and will provide the Sub-Adviser with such further information concerning the investment objective, policies, restrictions and such other information applicable thereto as the Sub-Adviser may from time to time reasonably request for performance of its obligations under this Agreement. The Fund retains the right, on written notice to the Sub-Adviser or the Adviser, to modify any such objective, policies or restrictions in accordance with applicable laws, at any time.

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