Deemed Commercial Operation Date definition

Deemed Commercial Operation Date has the meaning given to it in Clause 6.3 (Deemed Commercial Operation Date);
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Deemed Commercial Operation Date has the meaning given to it in Clause 5.5 (Deemed Commissioning).
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Deemed Commercial Operation Date has the meaning given to it in the PPA.
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Examples of Deemed Commercial Operation Date in a sentence

  • Subject to and in accordance with the terms and conditions of this Agreement, the Seller commits to sell and supply at the Delivery Point and NamPower commits to take and purchase at the Delivery Point all Net Energy generated (or deemed to have been generated) by the Power Plant as from the Commercial Operation Date (or the Deemed Commercial Operation Date).

  • NamPower shall pay the Energy Payment to the Seller in respect of the aggregate amount of Net Energy based on the Monthly Generation Forecast (as per 12.1.1) in respect of the Net Energy that was available deemed to be delivered to NamPower commencing from the Deemed Commercial Operation Date, which output shall be measured in kWh at the end of each month of delay or part thereof thereafter.

  • Billing and Payment2 On or before the fifth (5th) day of each month following the month in which the Commercial Operation Date or Deemed Commercial Operation Date occurs, the Project Company shall prepare and deliver to the Buyer an Invoice showing the Energy Charges and any Deemed Energy Payments (in the Nominated Currency) payable to the Project Company for the preceding month.

  • Answer: The introduction of the Deemed Commercial Operation Date is under analysis.

  • On and from the Commercial Operation Date (or if earlier, the Deemed Commercial Operation Date) and subject to and in accordance with this Agreement, the Project Company shall sell exclusively to the Buyer and the Buyer shall purchase all Energy produced by the Facility up to the Contracted Capacity, save that nothing in this Agreement shall oblige the Project Company to Operate or Maintain the Facility outside of the Technical Limits.

  • 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.

  • On and from the Commercial Operation Date or if earlier, the Deemed Commercial Operation Date: the Project Company shall in good faith provide declarations of the Available Capacity and Energy forecasts to the Buyer each day; and the Buyer shall respond with Dispatch Instructions, in each case in accordance with the Codes and Operating and Dispatch Procedures.

  • Prior to the Commercial Operation Date or if earlier, the Deemed Commercial Operation Date, the Project Company shall at its sole cost and expense install, test and calibrate the Main Meter and the Check Meter at the Delivery Point.

  • The Parties acknowledge that on and from the Commercial Operation Date or if earlier, the Deemed Commercial Operation Date, property in and title to the Check Meter shall transfer to the Buyer free from liens and other encumbrances.

  • On and from the Commercial Operation Date or if earlier the Deemed Commercial Operation Date: the Project Company shall own, Maintain, replace, test and calibrate the Main Meter; and the Buyer shall own, Maintain, replace, test and calibrate the Check Meter.

Related to Deemed Commercial Operation Date

  • 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.

  • 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.

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

  • Commercial Operator means the person appointed by MDL as commercial operator of the Maui Pipeline from time to time.

  • 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.

  • Operational Date means the date on which a union school district

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.