Operational Completion definition

Operational Completion. Satisfaction of the elements described in the clause (B) of the definition of Project Completion.
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Operational Completion means the stage at which each of the following have occurred:
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Operational Completion means that (a) all Work on the Addition ------------------------ has been completed except for incomplete and defective Work normally considered to be "punch list" items which may be completed or corrected without interruption to or interference with installation of the equipment to be used in the Addition and (b) all Legal Requirements which are a condition to the commencement of use of the Addition for its Intended Use have been met (including, if required, the issuance of any certificate of occupancy).
Sample 1

Examples of Operational Completion in a sentence

  • The Contractor agrees to correct all Work performed by him and his Subcontractors under this Agreement which proves to be defective in material and workmanship within a period of one year from the Date of Operational Completion as defined in Paragraph 5.2 (except process warranty in 2.4.7).

  • Operational Completion occurs when one or more periods of not less than 48 hours in duration occur where the capacity of the production unit has exceeded 90% of nameplate (272 mton per day Biodiesel) and a performance warranty test has been completed.

  • Where gas is going to be made available or has been made available but full commercial operations have not yet begun, full commercial operations will occur later than, and may occur substantially later than, our reported Operational, Completion or Deployment date, and we may not generate any revenue until full commercial operations has begun.

  • The Equity Investor shall make a payment in lieu of Equity Contributions (the “Accelerated Equity Contribution”), immediately (and in any event within two (2) Business Days) upon receipt from the Collateral Agent of written notice of the occurrence an Event of Default, prior to the occurrence of Operational Completion, and exercise of remedies under the Loan Documents, in an amount equal to the balance of the undrawn Base Equity Commitment and all amounts of the Overrun Equity Commitment.

  • The Operational Completion Test shall be as set out above and, for certainty, shall not include any financial tests.

  • The "Operational Completion Date" and "Contract Completion Date" will not be achieved until after the District's final inspections.

  • The dissolution of the Borrower, the Sponsor (prior to the Project Completion Date), the EPC Guarantor (prior to the Operational Completion Date) or PG&E.

  • Operational Completion was achieved on 30 March 2007, consequently from this date capitalised costs have been depreciated on a straight line basis over the life of the stadium and borrowing costs incurred from this date are charged to the profit and loss account as incurred.

  • In accordance with Section 609.10(d)(8) of the Applicable Loan Guarantee Requirements, the Total Funding Available to the Borrower will be sufficient to develop and construct the Project and to achieve Physical Completion and Operational Completion, including adequate contingency funds for identified Cost Overruns.

  • After Operational Completion (defined below), Sandridge warrants that the Discharge Water shall be continuously discharged to the Farm for the balance of the term of this Agreement and that, with the exception of any surface water or runoff from L.A. County property that may be conveyed in the Discharge Water Conveyance System, Leprino shall have the full and exclusive right to use the Discharge Water Conveyance System during the Lease term.


More Definitions of Operational Completion

Operational Completion means satisfaction of the elements described in the clause (a) of the definition of Project Completion as set forth in Exhibit O.
Sample 1

Related to Operational Completion

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Final Completion Date means the date on which Final Completion occurs.

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Mechanical Completion means that (a) all components and systems of the Project have been properly constructed, installed and functionally tested according to EPC Contract requirements in a safe and prudent manner that does not void any equipment or system warranties or violate any permits, approvals or Laws; (b) the Project is ready for testing and commissioning, as applicable; (c) Seller has provided written acceptance to the EPC Contractor of mechanical completion as that term is specifically defined in the EPC Contract.

  • Practical Completion means the completion of the Project where the building is fit for occupancy and/or purpose.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • 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.

  • Study Completion means the database for the Study has been locked and all Essential Documents have been provided to the Sponsor, including a copy of the letter from the Reviewing HREC acknowledging receipt of the final report and/or closure letter from the Principal Investigator.

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Virtual Completion means the premise is in the opinion of the Employer fit for occupation.

  • 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).

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Improvement completion assurance means a surety bond, letter of credit,

  • 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:

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.