Interim Operational Period definition

Interim Operational Period means the period from the Effective Date of this Agreement until the earlier of the Closing or termination of this Agreement.
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Interim Operational Period has the meaning set forth in Section 3.4 of this Agreement.
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Examples of Interim Operational Period in a sentence

  • Buyer and Seller shall have each performed and complied in all material respects with all of its respective agreements, obligations and covenants (including but not limited to those set forth in Articles 5, 6 and 7) hereunder during the Interim Operational Period.

  • Seller shall also provide to Buyers prior notice of any environmental tests or inspections being performed on the Transferred Assets during the Interim Operational Period.

  • During the Interim Operational Period, Seller shall deliver to Buyers monthly budgets related to Power Block 3, the Common Facilities and the Common Property and all reports and information relative to outage schedules, and shall keep Buyer timely informed of progress towards completion of the Scheduled Capital Projects and the Scheduled Maintenance Projects.

  • Each Buyer and Seller shall have performed and complied in all material respects with all of its respective agreements, obligations and covenants (including but not limited to those set forth in Articles 5, 6 and 7) hereunder during the Interim Operational Period.

  • Throughout the Interim Operational Period, Buyers may request that Seller provide Buyers with Power Block 3 data from the “Plant Information Database”.

  • Throughout the Interim Operational Period, Seller shall meet monthly with Buyers to discuss Engineering & Operational (“E&O”), performance, environmental and budget matters relating to Power Block 3, the Common Facilities and the Common Property.

  • During the Interim Operational Period, all risk of loss or damage to the property included in the Transferred Assets shall, as between Buyers and Seller, be borne by Seller.