Operations Term Sample Clauses

Operations Term. Upon the expiration of the Construction Term, the term of this Agreement shall automatically extend for an additional twenty-five (25) year term (the “Operations Term”).
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Operations Term. The “Operations Term” will commence on the day specified by Tenant in a written notice to Landlord (“Operations Notice”) that the Hydrogen Project will commence operations, as measured by the date the Hydrogen Project’s hydrogen production equipment is officially commissioned to begin the production of hydrogen and the Hydrogen Project has been operating fully for ten (10) continuous days at a minimum of eighty percent (80%) of its nameplate capacity) (the “Operations Date”) and will continue until the date that is twenty seven (27) years from the Operations Date. Tenant will have the right to conditionally extend the Operations Term, as set forth in Section 2.1 and Table 1, for six (6) separate and successive terms of five (5) years (each, an “Operations Term Extension”) which shall expire at the end of such applicable Operations Term Extension, unless further extended. At any time during the Operations Term with written notice to the Landlord, the Tenant reserves the right to terminate this Lease in accordance with Section 16.1. In accordance with Section 3.3, Tenant shall pay to Landlord one or more non-refundable rent payments, (the “Operations Rent”) associated with use of the Leased Premises during the Operations Term and any Operations Term Extension. During the Operations Term, the Tenant shall have exclusive possession of the Leased Premises, the right to do all things necessary to operate the Hydrogen Project on the Leased Premises and to exercise its other rights under this Lease.
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Operations Term. Lessee shall have the right to extend the Lease to provide for operation of the Solar Facility (the “Operations Term”). The Operations Term shall commence on the date specified in a written notice to Lessor that Lessee elects to initiate the Operations Term as of a date so specified in such notice, or the date the Lessee determines the Solar Facility is capable of commercial operations, whichever shall occur earlier. The Operations Term shall be for an initial period of twenty-five (25) years from the date such Solar Facility begins commercial operation (the “Commercial Operations Date”). Lessee shall have the unilateral right to extend the Operations Term for two (2) additional five (5) year periods on the same terms herein upon written notice to the Lessor. Lessee shall have the unilateral right to terminate this Lease at any time during the Operations Term without penalty, subject to the removal obligations in Exhibit B, Section B-6(g), upon written notice to Lessor; provided, however, that in the event of such termination, the Lessor is entitled to retain all payments made by Lessee prior to the date of such termination.
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Operations Term. The Operations Period shall continue in effect for twenty (20) years, commencing on the final Acceptance Date for the entire wastewater system or all of the Wastewater Facilities and ending on the date that is twenty (20) years thereafter (the "Initial Term") or, if renewed at the option of the Village as provided in Section 4.3, this Agreement shall remain effective until the last day of the renewal term (the "Renewal Term") (the Initial Term and any Renewal Term being referred to herein as the "Term"). The Village and Company shall confirm the Acceptance Date of all Wastewater Facilities and the commencement date and expiration date of the Initial Term pursuant to a certificate substantially in the form attached hereto as Appendix 21 within ten (10) days following the final Acceptance Date, and such fully executed certificate shall become a part of this Agreement and be incorporated herein by reference. If this Agreement is terminated earlier pursuant to the termination provisions under Article XIV, however, the Term shall be deemed to have ended as of the date of such termination. At the end of the Term, all obligations of the parties hereunder shall terminate, except for any provisions which expressly survive the expiration or earlier termination of this Agreement.
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Operations Term. On the date that the Project has satisfied all conditions required for commercial delivery of energy, as set forth in the Project’s power purchase agreement (the “Operations Commencement Date”), then without any further action by the Parties, the Development Term shall end and the Term of this Lease will be automatically extended for a twenty (20) year period commencing on the Operations Commencement Date (the “Operations Term”). Tenant shall deliver notice to Landlord of the Operations Commencement Date within ten (10) days of such date.
Sample 1
Operations Term. The “Operations Term” means the period starting on the earlier of (a) Company’s notice to Owner of the start of the Operations Term, (b) the date that is twelve (12) months after the Construction Start Date, or (c) COD and continuing thereafter until the date that is thirty (30) years after this date.
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Operations Term. The Operations Date shall be the date on which Grantee begins selling electrical energy generated by substantially all of the Solar Generating Equipment to be included in the Project to a third party power purchaser (as declared by Grantee, the “Operations Date”. Grantee shall notify Owner of the Operations Date. Upon the expiration of the Development Term, the term of this Agreement shall automatically extend for an additional twenty-five (25) year term (the “Operations Term”).
Sample 1
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Operations Term. Provided that Xxxxxx has not fully surrendered or terminated this Lease and is not in default hereunder, then upon the expiration of the Development Term, the term of this Lease shall automatically extend for an additional term of ( ) years (the “Operations Term”).
Sample 1
Operations Term. Upon the expiration of the Development Term, the term of this Agreement shall automatically extend for an additional term of twenty (20) years (the “Operations Term”). If the Operations Term does not commence within two (2) years of the Effective Date of this Agreement, or such later date as Owner or Grantee shall mutually agree, Owner, at its sole option, may terminate this Agreement and Owner and Grantee shall thereafter be released and discharged from all obligations hereunder.
Sample 1

Related to Operations Term

  • Services Term Unless otherwise agreed in writing, the Service that you order will start at the earlier of (a) your first use of the Service, (b) the date you purchased the Service, or (c) the start date contained in the Order Form, and, in each case, will end at the expiration of the Services Term unless sooner terminated as set forth below. Subscriptions automatically renew for successive terms of the same duration as the original Services Term, unless either party gives written notice to the other party of its intention not to renew at least thirty (30) days before the expiration of the applicable Services Term. Any Services that you order must be consumed during the applicable Services Term and any unused Services will expire.

  • Commercial Operation Date 6.4.1 The SPV shall ensure that the Project Commercial Operation Date is achieved on or prior to the Scheduled Commercial Operation Date. The SPV shall provide a written notice to MSEDCL at least 30 (thirty) days in advance intimating MSEDCL of the proposed date on which the Commercial Operation Date of a Unit or the Project is proposed to be achieved. 6.4.2 If the Commercial Operation Date for the Units having a capacity equivalent to at least 75% (seventy five percent) of the Contracted Capacity is achieved before the Scheduled Commercial Operation Date, then all Units in respect of which the Commercial Operation Date has been achieved prior to the Scheduled Commercial Operation Date would be eligible for incentives as follows: (a) the Unit(s) injecting energy at 11 kV /22 kV shall be given an incentive of Rs. 0.25/ kWh; and (b) the Unit(s) injecting energy at 33 kV shall be given an incentive of Rs. 0.15/ kWh, for the power sold to MSEDCL for the first 3 (three) years from the Commercial Operation Date. To receive such incentives from MSAPL, which shall be over and above the Tariff, the SPV shall follow the process agreed to by the SPV under the Implementation Agreement. 6.4.3 It is hereby clarified that the aforementioned incentive shall not be available: (i) in respect of any Unit if the Commercial Operation Date for such Unit has not been achieved prior to the Scheduled Commercial Operation Date; and (ii) if the aggregate capacity of the Units for which the Commercial Operation Date has been achieved prior to Scheduled Commercial Operation Date is less than 75% (seventy five percent) of the Contracted Capacity. 6.4.4 In the event that Commercial Operation Date for any of the Units is achieved after the Scheduled Commercial Operation Date, the SPV shall be liable to pay Liquidated Damages as per the provisions set out below. 6.4.5 Without prejudice to any other rights of MSEDCL under this PPA, in case one or more Units of the SPV are unable to achieve Commercial Operation Date within a period of 2 (two) months from the Scheduled Commercial Operation Date, the capacity of such Units shall be annulled, and the Contracted Capacity shall be reduced to that extent. For Illustration: The Project has a Contracted Capacity of 100 MW and comprises of 10 Units of 10 MW each. If at the end of the aforementioned period of 14 (fourteen) months from the Effective Date, the SPV has achieved Commissioning for only 8 out of 10 Units, then the Contracted Capacity of the Project will stand reduced for the capacity of the 2 Units which have not been Commissioned, i.e. the Contracted Capacity will be 80 (100 (original Contracted Capacity)) – 10 (capacity of each Unit)*2 (number of Units not Commissioned).

  • Permitted Activities The purpose of the Issuer is, and the Issuer will have the power and authority, and is authorized, to engage in the following activities: (i) to acquire the Receivables and other Sold Property under the Sale and Servicing Agreement from the Depositor in exchange for the Notes; (ii) to Grant the Collateral to the Indenture Trustee under the Indenture; (iii) to enter into and perform its obligations under the Transaction Documents; (iv) to issue the Notes under the Indenture and to facilitate the sale of the Notes by the Depositor; (v) to pay principal of and interest on the Notes; (vi) to administer and manage the Trust Property; (vii) to make payments to the Noteholders and distributions to the holder of the Residual Interest; and (viii) to take other actions necessary or advisable to accomplish the activities listed above or that are incidental to the activities listed above.

  • MEAL PERIODS AND REST BREAKS 4.1 Except when required for urgent or emergency work and except as provided in 4.2 no employee shall be required to work for more than five hours continuously without being allowed a meal break of not less than half an hour. 4.2 An employee unable to be relieved from work for a meal break shall be allowed to have a meal on duty and this period shall be regarded as working time. 4.3 Except where provided for in 4.2 an employee unable to take a meal after five hours’ duty shall be paid at overtime rates from the expiry of five hours until the time when a meal can be taken. 4.4 During the meal break or rest breaks prescribed above, free tea, coffee, milk and sugar shall be supplied by the employer. Where it is impractical to supply tea, coffee, milk and sugar free of charge, an allowance of $1.48 per week in lieu shall be paid. This allowance shall continue during all periods of leave except leave without pay. 4.5 Rest breaks of 10 minutes each for morning tea, afternoon tea or supper, where these occur during duty, shall be allowed as time worked.

  • 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.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • ENGAGEMENT TERM The Placement Agent’s engagement hereunder will be until the earlier of (i) sixty (60) days and (ii) the Closing Date. The date of termination of this Agreement is referred to herein as the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance of due diligence it deems it necessary to terminate the engagement with respect to itself, such Placement Agent may do so prior to the Termination Date. The Company may elect to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible for fees and expenses pursuant to Section 3 hereof and fees with respect to the Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein, the provisions concerning the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof, to pay expenses pursuant to Section 3 hereof, and the provisions concerning confidentiality, indemnification and contribution, and no fiduciary relationship and governing law (including the waiver of the right to trial by jury) contained herein will survive any expiration or termination of this Agreement. If this Agreement is terminated prior to the completion of the Placement, all fees and expenses due to the Placement Agent shall be paid by the Company to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as of the Termination Date). The Placement Agent agrees not to use any confidential information concerning the Company provided to such Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

  • Service Term XOOM agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The term of this Contract will begin when your local utility switches your account to XOOM and will continue on a month-to-month basis as set forth in the accompanying Product Sheet.

  • 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.

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