Operations Period. If applicable, the Operations Period will commence on the Commercial Operation Date and will terminate at 23:59 hours on the last date of the Month in which the twentieth (20th) anniversary of the Commercial Operation Date occurs.
Operations Period. The Concessionaire shall, at its cost and expense, purchase and maintain during the Operations Period insurance to cover against Project Facilities/ Project Assets for:
(i) loss, damage or destruction of the Project/ Project Assets at replacement value or full market value (including fire, burglary, standard and special peril);
(ii) the Concessionaire’s general liability arising out of the Concession .
(iii) liability to third parties; and
(iv) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable and not otherwise covered in items (i) to (iii).
Operations Period. The Operations Period will commence at 12:01 a.m. on the day after the Commercial Operation Date and will end at 11:59 p.m. on the 25th anniversary of the Commercial Operation Date. Tenant may extend the Operations Period, first for one (1) ten (10) year term, and then for one (1) additional five (5) year term. At least ninety (90) days prior to the beginning of an extension term, Tenant shall deliver in writing notice to Landlord of Tenant’s intent to exercise that extension option, and Tenant and Landlord, at Tenant’s expense, shall prepare and record any amendments to the Notice of Lease and/or any other documents necessary to evidence and give effect to the extension.
Operations Period. During the Operations Period, Tenant may use the Lease Area for any of the Permitted Uses.
Operations Period. During this period the Project Engineer would monitor, in accordance with Good Industry Practice, the operations and maintenance activities undertaken by the Concessionaire so as to ensure compliance with the O&M Requirements. The specific activities to be undertaken would include the following:
Operations Period. The Concessionaire shall at its cost and expense, purchase and maintain by re- instatement or otherwise, for the Operations Period, insurance against :
Operations Period. Beginning on the completion date of each System, such Borrower shall maintain in full force and effect, pay all premiums when due in respect of, and comply with all terms and conditions of the following insurance coverages for each System.
Operations Period. During the Operations Period, Tenant shall pay to Landlord Rent of Three Thousand Five Hundred Dollars ($3,500) per MW (DC) of Photovoltaic Generating Facility capacity per Operating Year, pro-rated for partial MWs.
Operations Period. Insurance Requirements
Operations Period. The Authorisee shall, at its cost and expense, purchase and maintain during the Operations Period insurance to cover the Project Facility for:
(i) loss, damage or destruction of the Project Facility at replacement value or full market value (including fire, burglary, standard and special peril);
(ii) the Authorizer‟s general liability arising out of the Authorisation;
(iii) liability to third parties; and
(iv) any other insurance that may be necessary to protect the Authorisee and its employees, including all Force Majeure Events that are insurable and not otherwise covered in items (i) to (iii).
