Examples of Commercial Operation Deadline in a sentence

The Daily Delay Liquidated Damages payments applicable to days included in any Commercial Operation Deadline extension are nonrefundable and are in addition to, and not a part of, the Development Security.
Seller will be entitled to a refund (without interest) of any estimated Daily Delay Liquidated Damages payments paid by Seller which exceed the amount required to cover the number of days by which the Commercial Operation Deadline was actually extended.
Seller may further extend the Commercial Operation Deadline beyond the original Commercial Operation Deadline extension period subject to the same terms applicable to the original Commercial Operation Deadline extension.
In no event may Seller extend the Commercial Operation Deadline for more than a total of one hundred eighty (180) days by the payment of Daily Delay Liquidated Damages.
Seller may extend the Commercial Operation Deadline by paying to SCE damages in an amount equal to one percent (1%) of the Development Security per day for each day (or portion thereof) from and including the Commercial Operation Deadline to and excluding the Commercial Operation Date (“Daily Delay Liquidated Damages”).

More Definitions of Commercial Operation Deadline

Commercial Operation Deadline has the meaning given in Section 5.1. “Conditions Precedent” has the meaning given in Section 5.1.

Commercial Operation Deadline means the date which is three hundred sixty-five (365) days from the Effective Date; provided, however, that the Commercial Operation Deadline shall be extended on a day-for-day basis for any Force Majeure Event, breach of the Agreement by Buyer, or other action or inaction on the part of Buyer or any other third party occurring after the Effective Date and prior to the Commercial Operation Date.

Commercial Operation Deadline means the date twelve (12) months after the Effective Date of this Agreement set for the Seller to achieve Commercial Operation as such date may be extended pursuant to Section 2.6.

Commercial Operation Deadline means the [Guaranteed Substantial Completion Date]16 [Guaranteed Mechanical Completion Date]17 (as such term is defined in the EPC Agreement).

Commercial Operation Deadline means May 31, 2024 which is the date by which the Facility must have reached the Commercial Operations Date, or such other date as provided in this Agreement or as may be agreed to in a writing signed by both Parties.

Commercial Operation Deadline shall have that meaning as set forth in Section 6(C) of this Agreement.

Commercial Operation Deadline means the date by which the Participant must achieve Commercial Operation.