Examples of Date of First Operation in a sentence
Such documentation and verification must be provided to the IPA within the later of: five (5) Business Days of the Effective Date of this Agreement or within five (5) Business Days of the Date of First Operation of the Project.
For purposes of verification, Buyer and the IPA shall be granted read-only access of information for the Project by Seller within PJM Power Meter system or MISO Market Portal, as applicable, within thirty (30) days of: the Effective Date of this Agreement or the Date of First Operation, whichever is later; such data shall be treated and maintained as confidential and proprietary by the IPA and Buyer.
If the Date of First Operation of the Project as recorded by PJM-EIS GATS or M-RETS occurred prior to December 15, 2022, then the Minimum Equity Standard shall not apply.
Further, if construction of the Project spans multiple delivery years, then fulfillment of this commitment shall be measured for the entirety of the period for which Construction Activities occurred up through the Date of First Operation and not for each delivery year separately.
For avoidance of doubt, no subsequent verification of this requirement is expected to be performed by the IPA subsequent to the initial verification following the Date of First Operation.