Commercial Operation Longstop Date definition

Commercial Operation Longstop Date means the date of expiry of the period identified in the Key Information Table commencing on Effective Date (as defined in and determined in accordance with the Implementation Agreement).
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Commercial Operation Longstop Date has the meaning given to it in the PPA.
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Commercial Operation Longstop Date means [twenty-four (24)] months from the Conditions Longstop Date or the Extended Longstop Date as maybe agreed in accordance with the Support Agreement;
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Examples of Commercial Operation Longstop Date in a sentence

  • If the Installation Contractor fails to complete the Installation Works to achieve the Commercial Operation Date by the Commercial Operation Longstop Date Due to any reason attributable to the Installation Contractor, Clause 24.1(a)(vii) (Installation Contractor Termination Events) shall apply.

  • On or before the Effective Date, the Project Company shall provide to the Buyer security (the "Construction Security") to ensure that the Commercial Operation Date (or Deemed Commercial Operation Date (if any)) is achieved by the Commercial Operation Longstop Date.

  • The cancellation must not have a material adverse effect on the ability of the Borrower to fund the remaining expenditure required to achieve the Commercial Operation Date by the Commercial Operation Longstop Date.

  • Delay Liquidated Damages Cap4 12.4 [●] Commercial Operation Longstop Date 12.5 [●] Minimum Guaranteed Capacity 15.2 [●] Default Rate 23.1(f) [●] Termination Fee 26.3 [●] Maximum Liability 24.1(a)(vi) [●] Cost or Savings Threshold 1.1 [●] Governing Law5 37.14 [●] Mediation Rules 38.2 [●] Expert Appointing Authority6 38.3(c) [●] Arbitration Language 38.4(b) [●] Arbitration Seat7 38.4(c) [●] Lender Direct Agreement 4.4(a) [Applicable] [Not Applicable].

  • Delay Liquidated Damages Cap4 12.4 [●] Commercial Operation Longstop Date 12.5 [●] Minimum Guaranteed Capacity 15.2 [●] Default Rate 23.1(f) [●] Termination Fee 26.3 [●] Maximum Liability 24.1(a)(vi) [●] Cost or Savings Threshold 1.1 [●] Governing Law5 37.15 [●] Mediation Rules 38.2 [●] Expert Appointing Authority6 38.3(c) [●] Arbitration Language 38.4(b) [●] Arbitration Seat7 38.4(c) [●] Lender Direct Agreement 4.4(a) [Applicable] [Not Applicable].

Related to Commercial Operation Longstop Date

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Commercial Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Date of Commercial Operation means the date on which the (nuclear or non-nuclear) power plant has successfully passed all performance and operational tests required by the end customer for commercial operation. In all other cases the warranty shall apply for twenty-four (24) months from delivery of the goods or performance of the services, or such longer period of time as customarily provided by Supplier, plus delays such as those due to non-conforming goods and services. The warranties shall apply to Buyer, its successors, assigns and the users of goods and services covered by this Order.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Final Completion Date means the date on which Final Completion occurs.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Railway Operation Date means the date of the first carriage of iron ore, freight goods or other products over the relevant Railway (other than for construction or commissioning purposes);

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Commissioning Date means that date when construction of the contemplated Project is complete, and the Maintenance Term commences;

  • Capitol hill complex means the grounds and buildings within the area bounded by 300 North Street, Columbus Street, 500 North Street, and East Capitol Boulevard in Salt Lake City.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Exit Management Date means each of the following:

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Sales assessment ratio studies means sales assessment ratio studies