Initial Operations Period definition

Initial Operations Period means the 5.5-year period commencing on the date this Agreement is executed, which is anticipated to start on or about October 2021 and end April 2027.
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Initial Operations Period means the two-year period following SBN Acceptance.
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Initial Operations Period has the meaning set forth in Section III.B of this Agreement.
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Examples of Initial Operations Period in a sentence

  • The monthly energy usage during the Initial Operations Period shall be equal to or greater than 400 hours per kW of Contract Demand per month.

  • The power and energy made available to Customer during the Initial Operations Period shall be delivered, taken, and paid for subject to the provisions of Paragraph 2 of this Agreement and Cooperative’s Rate Schedule B2, as modified for the Initial Operations Period.

  • During the Initial Operations Period which begins with the Customer taking service at the Plant up to and including August 31, 2024, the Parties agree that the “Contract Demand” for service under this Agreement shall be either 500 kW or the actual demand experienced during the month, whichever amount is greater.

  • EKPC and Cooperative acknowledge that during the Initial Operations Period none of the actual monthly demand will be considered to be Excess Demand when determining the Billing Demand.

  • In the event of any conflict between the provisions of this Agreement, besides those modifications related to Contract Demand during the Initial Operations Period, and said tariffs, the latter shall control.

  • In recognition of the Customer’s reduced needs for retail electric power and energy during the Initial Operations Period, EKPC agrees to bill the Cooperative for the power and energy provided for the Customer during that period pursuant to EKPC’s Rate B, and the Cooperative agrees to bill the Customer for power and energy provided for the Customer during that period pursuant to Cooperative’s Rate Schedule B2.

Related to Initial Operations Period

  • Operations Period means the period commencing from COD and ending on the expiry or prior termination of this Agreement/Authorisation/ Authorisation Period;

  • 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;

  • 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 shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • 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.

  • 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;

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

  • Start-up Period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

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

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

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

  • Twelve-Month Period means a period of twelve consecutive months determined on a rolling basis where a new twelve month period begins on the first day of each calendar month.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series' assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees' fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series' statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series' "Annual Operating Expenses" for the Class do not include "acquired fund expenses", interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are "extraordinary" as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Chief Operating Officer [R&A Letterhead] September 23, 2010 The Royce Fund 000 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Re: Fee Waiver and Expense Reimbursement - Royce International Premier Fund (Service Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated September 23, 2010 (the "Agreement") by and between The Royce Fund (the "Fund") on behalf of Royce International Premier Fund (the "Series") and Royce & Associates, LLC (the "Adviser"). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the period beginning January 1, 2011 and ending April 30, 2014 (the "Period"), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series' "Annual Operating Expenses" for its Service Class of shares (the "Class") are not more than 1.69% of the Class' average net assets for the Period. The Adviser's obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.

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

  • Interim Period has the meaning specified in Section 6.1.

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

  • 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;

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.