Common use of Project Term Clause in Contracts

Project Term. (Section III.1): Table 1 lists the required usage and Project Equipment Operational Period for each piece of Project Equipment. The “Minimum Total Usage” listed in Table 1 represents the minimum number of hours the Project Equipment is to operate during the Project Equipment Operational Period which represents the minimum number of years over which the Project Equipment is to operate under this Agreement. The Project Equipment Operational Period begins when the Project Equipment has been confirmed operational by the Air District. The Project Term concludes upon the satisfaction of the usage and Project Equipment Operational Period requirements for each piece of Project Equipment and upon confirmation by the Air District that all Project requirements have been met.

Project Term. (Section III.1): Table 1 lists the required usage and Project Equipment Operational Period for each piece of Project Equipment. The “Minimum Total Usage” listed in Table 1 represents the minimum number of hours or miles (as applicable) the Project Equipment is to operate during the Project Equipment Operational Period Period, which represents the minimum number of years over which the Project Equipment is to operate under this Agreement. The Project Equipment Operational Period begins when the Project Equipment has been confirmed operational successfully inspected by the Air District. The Project Term concludes upon the satisfaction of the usage and Project Equipment Operational Period requirements for each piece of Project Equipment and upon confirmation by the Air District that all Project requirements have been met.

Project Term. (Section III.1): Table 1 lists the required usage and Project Equipment Operational Period for each piece of Project Equipment. The “Total Minimum Total Usage” listed in Table 1 represents the minimum number of hours hours, energy, or ship visits (as applicable) the Project Equipment is to operate during the Project Equipment Operational Period which represents the minimum number of years over which the Project Equipment is to operate under this Agreement. The Project Equipment Operational Period begins when the Project Equipment has been confirmed operational by the Air District. The Project Term concludes upon the satisfaction of the usage and Project Equipment Operational Period requirements for each piece of Project Equipment and upon confirmation by the Air District that all Project requirements have been met.