Completion Test definition

Completion Test means in respect of a Developing Asset, the tests as agreed between the Original Borrower and the Technical Bank (acting reasonably) and approved by the Majority Lenders (acting reasonably) which must be completed to show that such asset should reasonably be considered to be a commercially producing asset (being substantially equivalent to the date of commencement of commercial production under applicable Project Agreements) in order for that Developing Asset to be included in the Borrowing Base Assets as a Developed Asset.

Completion Test means the milestone achieved by the Project marking the end of the design, development and construction phases of the Project Development Lifecycle, and the start of the operational phase. The test confirms the Project’s ability to perform as planned and generate the expected cash flows. For Projects requiring an Independent Environmental and Social Consultant, completion from an environmental and social perspective will only occur when the Independent Environmental and Social Consultant has deemed that the Project meets all the required performance criteria as defined by the Project-specific Environmental and Social Requirements.

Completion Test means the operation of the Mine and Mineral Processing Facility in accordance with all applicable laws, all applicable permits and licences and Prudent Operating Practices, for a period of:

Examples of Completion Test in a sentence

• The Purchaser shall be entitled to have representatives present during any Completion Test in accordance with Section 7.5. Solely with respect to the Completion Tests contemplated in Section 5.2, no Completion Test Period may overlap with another Completion Test Period.

• Solely with respect to the Completion Tests contemplated in Section 5.3, no Completion Test Notices shall be required to be delivered and such Completion Tests will be conducted on a rolling basis and the related Completion Test Periods shall accordingly overlap with other Completion Test Periods.

• Each Completion Test Notice shall specify the Completion Period for the Completion Test and shall be provided to the Purchaser no later than 10 Business Days prior to the commencement of such Completion Period.

• The date and time of each Completion Test shall be determined by the Independent Engineer and the Independent Panel, as the case may be, in consultation with the Concessionaire, and notified to the Authority who may designate its representative to witness the Completion Tests.

• Notwithstanding the foregoing, once the Seller has provided a Completion Test Notice to the Purchaser, the Seller shall not be permitted to provide another Completion Test Notice to the Purchaser until the Completion Period specified in the first mentioned Completion Test Notice has commenced.

More Definitions of Completion Test

Completion Test means any Works Completion Test and any Operational Completion Test; Compliance Certificate means a certificate in the form set out in the Annexure to Schedule 12 (Service Requirements); Compliant Tender is defined in Schedule 18 (Calculation of Compensation on Termination); Compliant Tenderer is defined in Schedule 18 (Calculation of Compensation on Termination);

Completion Test. [REDACTED: Commercially Sensitive]. “Completion Test Notice” has the meaning set out in Section 5.1(a). “Confidential Information” has the meaning set out in Section 8.4(a).

Completion Test means the final completion test in respect of the Camino Rojo Project set forth in Schedule M.

Completion Test means the completion tests set forth in Schedule H.

Completion Test means the Equipment Test and Regasification Test.

Completion Test means the requirements described on Schedule III.

Completion Test has the meaning set forth in Section 2.01.