Startup Period Sample Clauses
The Startup Period clause defines a specific timeframe at the beginning of a contract or project during which initial setup, testing, or preparatory activities are carried out. During this period, parties may focus on tasks such as installing equipment, training staff, or establishing operational procedures before full-scale operations commence. Its core practical function is to provide a structured window for addressing initial challenges and ensuring that all necessary groundwork is completed, thereby facilitating a smooth transition into regular performance and reducing the risk of early operational issues.
Startup Period. During the Startup Period, Seller shall be responsible for all CAISO Charges and CAISO Sanctions, if any, attributable to or assessed for test energy delivered by Seller to the real-time market (and any other CAISO administered market that may from time to time be implemented).
Startup Period. The Alliance PDA “Startup Period” is defined as the term from August 1, 2015 through December 31 2015.
Startup Period. Subject to LSU’s compliance with the terms and conditions of this Agreement, during the Startup Period (as defined in the PSA), OLPG shall pay LSU for making HSC-S Faculty available to provide the PSA Services One Hundred Percent (100%) of OLPG’s Collections (“Startup Period Payments”), provided that in no event, regardless of the amount of OLPG’s Collections, shall the annual Startup Period Payments be (i) less than than Twenty Two Million Dollars ($22,000,000.00) (“Base Payment”) unless a negative adjustment under the PSA has occurred that is more than an “Immaterial Amount” (as such term is defined in the PSA) has occurred, nor (ii) more than Ninety-Two Million Dollars ($92,000,000.00) (“Cap Payment”) unless a positive adjustment under the PSA has occurred that is more than an Immaterial Amount. For this purpose, (w) OLPG’s “Collections” shall be OLPG’s total revenue under the PSA attributable to payments from the Hospitals plus Net Third Party Collections, (x) an “Immaterial Amount” has the same meaning as is ascribed to such term in the PSA, (y) “Net Third Party Collections” means the amount the OLPG collects from patients, third-party payers, and healthcare providers other than the Hospitals for Other Services minus the amount paid by OLPG to Administrator for providing the Administrative Services as set forth in Section [5] of the Administrative Support Agreement. Any adjustments to the Startup Period Payments due to a negative or positive adjustment that is more than an Immaterial Amount will be made to the Base Payment in proportion to the negative or positive adjustment, as applicable. Any adjustment to the Base Payment or the Cap Payment shall be expressly agreed to in writing by the Parties.
Startup Period. During the Startup Period, Seller shall be responsible for all CAISO Charges and CAISO Sanctions, if any, attributable to or assessed for test energy delivered by Seller to the real-time market (and any other CAISO administered market that may from time to time be implemented), unless any such CAISO Charges or CAISO Sanctions are due to the act or omission of SCE. SCE shall promptly provide Notice to Seller of any such CAISO Charges or CAISO Sanctions, including any documentation provided by CAISO with respect to the foregoing.
Startup Period. The Parties agree that, to support the creation of the Endowment, no annual distributions will be made from the Endowment until the earlier of the Foundation’s fiscal year after (a) the date on which there is a balance of $10 million in the Endowment, or (b) ten years from the date of this Agreement (the “Startup Period”). Instead, investment earnings will be retained in the Endowment during this Startup Period to support its growth.
Startup Period