Operation Period definition

Operation Period means the period commencing from COD and ending on the Transfer Date;

Operation Period means the period commencing from COD and ending on the date of Termination of this Agreement;

Operation Period means the period commencing from the date of issue of Completion Certificate and ending at the end of 360th months from that date unless terminated earlier or modified subject to Articles 18 and 23;

Examples of Operation Period in a sentence

• During Operation Period, the Concessionaire shall, no later than [7 (seven)] days after the close of every Accounting Year, furnish to the Authority and the Independent Expert an annual report, in a mutually agreed format, stating in reasonable detail the condition of the Resort and Project Infrastructure, including its compliance or otherwise with the Maintenance Requirements and the Safety Requirements, and shall promptly give such other relevant information as may be required by the Independent Expert.

• For providing emergency medical aid during the Operation Period, the Concessionaire shall maintain a first aid kit with adequate medical items at the Seabed for victims of accidents on the Project.

• The Concessionaire shall effect and maintain at its own cost, during the Construction Period and the Operation Period, such insurances for such maximum sums as may be required under the Financing Agreements and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice.

• The Parties expressly agree that upon release of the Performance Security in accordance with the provisions of Clause 9.3, a substitute Performance Security for a like amount shall be deemed to be created under this Clause 9.4 for performance of the obligations by the Concessionaire during the Operation Period.

• The Concessionaire shall procure that at all times during the Operation Period, the Resort and the Project Infrastructure are maintained in accordance with the provisions of this Agreement, Applicable Laws, Applicable Permits and Good Industry Practice (the “Maintenance Requirements”), as more specifically set out in Schedule J.

More Definitions of Operation Period

Operation Period means the period commencing from COD till the end of the Agreement Period or till termination, in case of premature termination;

Operation Period. The period beginning on the day immediately following Acceptance.

Operation Period the period from the Operation Commencement Date to the Expiry Date, unless this PPP Agreement is terminated earlier in accordance with its terms;

Operation Period means the period commencing from Commercial Operation and ending on the Transfer Date;

Operation Period means period starting from Commercial Operation Date till expiry of Concession Period or Termination as the case may be;

Operation Period means the period commencing from COD;

Operation Period means the period commencing on the Service Commencement Date and ending upon the earlier of (i) expiry of the Concession Period as may be extended in accordance with the provisions of this Agreement, or (ii) early termination of this Agreement.