Commercial Operations Period definition

Commercial Operations Period means for the Project, the period of time between its 1st day of 1st contract year and the last day of the Term.
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Commercial Operations Period means the period beginning on the Commercial Operations Date for Unit 1 and ending on the last Day of the Term;
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Examples of Commercial Operations Period in a sentence

  • B) Shall keep such financial records as may be required by the Executive or Financial Control Committee and shall deliver them to the successor upon retirement from office.

  • The Parties agree to work together to commence the Commercial Operations Period not later than [ ] months from Effective Date (“Target Commercial Operations Date”).

  • Within five (5) business days from the end of each Billing Month during the Commercial Operations Period, SUPPLIER shall deliver to OFFTAKER the SUPPLIER invoice setting forth the amount out of the Total Fee that is due from OFFTAKER for the preceding Billing Month.

  • If the Parties are unable to agree on a schedule of deliveries for such Commercial Operations Period, then no later than fifty-five (55) Days before the start of the Commercial Operations Period, Seller shall issue the delivery schedule for the Commercial Operations Period which shall comply with the ADP Scheduling Parameters and contain the information set forth in Section 8.1.3, modified to reflect any changes agreed by the Parties pursuant to Section 8.2.1.

  • Finally, we have to keep in mind that worldwide the development of a nonprofit sector and the rapid growth of voluntary associations was a by- product of industrialization and urbanization in the 19th century.

  • No more than two (2) times per Commercial Operations Period, Buyer may reasonably request that Seller refresh the data supporting that the Alternate Facilities on the Alternate Facilities List continue to satisfy the Alternate Facility Conditions and provide such refreshed data to Buyer.

  • The “Fuel Tracker” shall be calculated as follows: Fuel Tracker = (x-y) / x where: x = total cumulative energy measured at the Custody Point set forth in Section 14.2.1(c) during the prior Calendar Quarter or Commercial Operations Period, as applicable.

  • If Seller fails to issue the schedule provided for in Section 8.2.2, if applicable, then the schedule proposed by Seller under Section 8.1.3 shall be the ADP for such Commercial Operations Period.

  • At least thirty (30) days prior to the first day of the Pre- Commercial Operations Period, Buyer shall provide and maintain security in favor of Seller, at Buyer’s expense, to secure Payment (the “Buyer Security”).

  • QTP shall, at its own cost and at all times during the Commercial Operations Period, be responsible for the operation and maintenance of the Distribution System in accordance with the operating parameters in Schedule 2 and to make available the Guaranteed Dependable Capacity in accordance with Schedule 3.

Related to Commercial Operations Period

  • Operations Period means the period commencing from COD and ending at the expiry of the Concession or Termination.

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

  • 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).

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

  • 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.

  • 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.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

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

  • 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:

  • 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.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • 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.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Services Period refers to the period of time for which You have ordered Cloud Services as specified in Your order.

  • Operational Period means the Certificate’s actual term of validity, beginning with the start of the Validity Period and ending on the earlier of: (i) the end of the Validity Period disclosed in the Certificate; or (ii) the revocation of the Certificate.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Motor Sport Activities means any motor sport activities or Recreational Services which are permitted or approved which CAMS regulates or administers by CAMS or otherwise under the responsibility / control of CAMS;

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.