Long Stop Full Commercial Operation Date definition

Long Stop Full Commercial Operation Date the date falling within twenty four (24) months after the Effective Date or any extension thereof falling within thirty six months (36) after the Effective Date agreed between the Parties; “Material”.
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Long Stop Full Commercial Operation Date the date falling [  ] months after the date of this Agreement or any extension thereof agreed between the Parties or applicable pursuant to Clause 12.4;
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Long Stop Full Commercial Operation Date. The phrase "For the First Plant the date falling thirty-six (36) months after the Establishment Date of the First Plant" shall be deleted and replaced by: "For the First Plant and for the Expanded First Plant, the date falling thirty-six (36) months after its relevant Establishment Date;"
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Examples of Long Stop Full Commercial Operation Date in a sentence

  • If the Full Commercial Operating Date is not achieved by the Long Stop Full Commercial Operation Date, other than in the circumstances described in Clause 11.1.1 of this Agreement, the Buyer shall be entitled to terminate the Agreement.

  • Events of Default A Party shall be deemed to be in default under this Agreement if it experiences each or any of the Events of Default including: The Seller fails to complete, abandons or cancels construction of the Plant, or does not achieve the Long Stop Full Commercial Operation Date, unless such failure is attributable primarily to the failure of the government of the Republic of X or instrumentalities of the government of the Republic of X to issue necessary permits to the Plant.

  • If the Full Commercial Operating Date is not achieved by the Long Stop Full Commercial Operation Date, other than in the circumstances described in Clause - of this Agreement, the Buyer shall be entitled to terminate the Agreement.

  • Full Commercial Operation Date by the Long Stop Full Commercial Operation Date: If the Full Commercial Operation Date has not occurred by the Long Stop Full Commercial Date for reasons within the control of the seller, the Purchaser may demand payment in full under the Construction Security in accordance with the provisions of Clause 3.3(c) and serve notice of termination of this Agreement, such notice to take immediate effect and such termination shall be subject to the provisions of Clause 13.


More Definitions of Long Stop Full Commercial Operation Date

Long Stop Full Commercial Operation Date the date falling thirty-six (36) months after the Establishment Date, subject to an extension, at the Seller's option, on a day by day basis for each day of Force Majeure, and for each day to the extent by which a failure by KPLC to perform any of its obligations under the PPA delays the Seller from achieving Full Commercial Operation prior to such date;
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Long Stop Full Commercial Operation Date for the First Plant the date falling thirty-six (36) months after the Establishment Date of the First Plant, for the Second Plant, the date falling fifty-four (54) months after the Establishment Date of the Second Plant, for the Third Plant, the date falling fifty-four (54) months after the Establishment Date of the Third Plant, and, for the Fourth Plant (or reconfigured Fourth Plant, according to the case) as described in a Notice of Fourth Plant Exercise, the date falling thirty-six (36) months after the Establishment Date of the Fourth Plant relevant to such notice, each subject to an extension, at the Seller’s option, on a day by day basis for each day of Force Majeure, and for each day to the extent by which a failure by (i) KPLC to perform any of its obligations under the PPA or (ii) GOK to perform any of its obligations under the GOK Letter, delays the Seller from achieving Full Commercial Operation prior to such date;
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Related to Long Stop Full Commercial Operation Date

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

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

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

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • 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.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Date of Commercial Operation or “COD” means

  • 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.

  • 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).

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Railway Operation Date means the date of the first carriage of iron ore, freight goods or other products over the relevant Railway (other than for construction or commissioning purposes);

  • Investment Start Date : means 22 July 2022 or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Commissioning Date means that date when construction of the contemplated Project is complete, and the Maintenance Term commences;

  • 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;

  • Exit Management Date means each of the following:

  • Issuer Call Commencement Date means the date specified as such in the definition of the relevant Series in the applicable Final Terms;

  • Scheduled operation time means the scheduled operating hours of the System for the month. All planned downtime on the system would be deducted from the total operation time for the month to give the scheduled operation time.

  • Billing Commencement Date means the earlier of:

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

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

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Start-up Period means up to 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).

  • 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).

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.