Commercial Close definition

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and the Signing Parties;

Commercial Close means the execution and signing of the Comprehensive Agreement by Developer and NCDOT.

Commercial Close means the date of the Project Agreement.

Examples of Commercial Close in a sentence

• The process to select the Preferred Proposer, consisting of the stepsdescribed in this ITP, which will commence with the issuance of this RFP and terminate upon the earlier of (i) the PA Commercial Close Date and (ii) the date that the State notifies the Proposer that the procurement for the Project is terminated.

• The period of the RFP Process that will (i) commence on Pre-Development Close and (ii) terminate upon the earlier of (1) PA Commercial Close and (2) the termination or expiration of the PDA.

• The cost of preparing the Proposal and any costs incurred at any time before award and execution of the CA, including costs incurred for any interviews, payment owing to Proposer’s Escrow Agent, costs associated with Post-Selection Deliverables and costs relating to the Commercial Close and finance process, shall be borne by Proposer, except for any costs paid in accordance with Section 6.5 and the Stipend Agreement.

• Commercial Close is subject to the Sponsors obtaining all necessary authorizations and approvals from any authority or entity whatsoever (including, without limitation, the Sponsors’ internal committees, boards, or any other decision-making entities and any level of governmental or administrative body, tribunal, committee, office or any other authority).

• Details of the procurement process from issuance of the RFQ are set out in Appendix 2 (Procurement Process and Timetable to Commercial Close) which, in turn references Appendix 3 (Information and Commitment Required from Bidders at Subsequent Stages of the Procurement Process) which sets forth the specific commitments and levels of information required from Bidders at the RFP stage.

More Definitions of Commercial Close

Commercial Close means the execution and delivery of the Agreement by Developer and Department.

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and Infrastructure Ontario.

Commercial Close means the event that occurs when a contracting authority and a private partner have reached agreement on all terms of the PPPAgreement, subject only to the private partner obtaining financing for the proposed PPP transaction where such financing is required;

Commercial Close means the date on which the Purchase Agreement and Ancillary Agreements are signed; “ConfidentialInformation Provided” has the meaning ascribed to it in Chapter 3 of this RFP; “Cover Letter Format” means the form of the covering letter to a Proposal in the form and substance provided in Chapter 3 of this RFP; “Designated group” means- (a) Black designated groups; (b) Black people; (c) Women; (d) People with disabilities; or(e) Small enterprises, as defined in section 1 of the National Small Enterprise Act, 1996(Act No. 102 of1996); “Firm Price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition or abolition of customs or excise duty and any other duty, levy or tax which, in terms of a law or regulation is binding on the contractor and demonstrably has an influence on the price of any supplies or the rendering cost of any service, for the executionof a contract; ”Goods and services ” means any work, equipment, machinery, tools, materials or anything of whatever nature to be rendered to SA Express or SA Express delegate by the successful vendor in terms of theproposal; “Government” means the government of the Republic of South Africa; “Historically Disadvantaged Individual” (HDI) means a South African citizen who: Due to the apartheid policy that had been in place, had no franchise in national elections prior to the introduction of the Constitution of the Republic of SouthAfrica; “Management” In relation to an enterprise or business, means an activity inclusiveof control, and performed on a daily basis, by any person who is a principal executive officer of the company, by whatever name that

Commercial Close means reaching an agreement on the commercial terms of a public private partnership contract by the parties to the contract prior to completion of the financing;

Commercial Close means the concurrent, full execution and delivery of both the Project Agreement and the HCC Agreement.

Commercial Close means the date of execution of the DBFM Agreement;