Examples of Longstop Period in a sentence
The Longstop Period for all technologies will be confirmed in the Standard Terms Notice, which will be published at least 10 working days before AR4 commences.
This is to be equal to the Longstop Period applicable to the Facility Generation Technology listed in Table H of the CfD Standard Terms Notice issued on 15 August 2014 by the Secretary of State for Energy and Climate Change.
Cecily Brick, ‘Contribution Claim Against Third Parties For Negligence Not Barred by the 10-year Longstop Period in the Building Act’ (Legal article) <https://www.feelangstone.co.nz/news/2021/6/14/contribution-claim-against-third-parties-for- negligence-not-barred-by-the-10-year-longstop-period-in-the-building-act>.
If the OCPs are not met by the end of the Target Commissioning Window, the duration of the payment term is reduced for every day of delay over the Longstop Period.
During the Longstop Period any cash or assets which are, in the reasonable determination of the Issuer, attributable to the Compartment IIFIG CRE 4 shall be paid or delivered (as applicable) to the Holders provided that the Issuer shall be entitled to retain an amount of cash which it determines (acting upon the advice of the Investment Advisor) to be required to pay or settle any fees, costs, expenses or other liabilities of the Issuer which are attributable to the Compartment IIFIG CRE 4.