Operational Conditions Precedent definition

Operational Conditions Precedent means the Further Conditions Precedent set out in paragraph 2 of Part B of Schedule 1 (Conditions Precedent) and “Operational Condition Precedent” shall be construed accordingly;
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Operational Conditions Precedent means the operational conditions precedent set out in Part B of Annex 1 (Conditions Precedent) and "Operational Condition Precedent" and "OCP" shall be construed accordingly;
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Operational Conditions Precedent means the Further Conditions Precedent set out in paragraph 222 of Part BPart BPart B of Schedule 1Schedule 1Schedule 1 (Conditions Precedent) and “Operational Condition Precedent” shall be construed accordingly;
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Examples of Operational Conditions Precedent in a sentence

  • See item 5.4 for further detail.] Start Date means the date on which the Developer notifies the GGR Counterparty that the Operational Conditions Precedent have been fulfilled (or waived by the GGR Counterparty).

  • The Milestone Delivery Date will be adjusted day-for-day for any delays that occur due to [relevant events that trigger an adjustment to be determined]6; (c) Longstop Date: the Developer fails to satisfy the Operational Conditions Precedent by a specified "Longstop Date".

  • The Longstop Date will be adjusted day-for-day for any delays that occur due to [relevant events that trigger an adjustment to be determined]7; (d) Default Termination Event prior to the Start Date: at any time prior to the Start Date, a Default Termination Event has occurred and is continuing; and 5 Note to Reader: Further Operational Conditions Precedent may be required.

  • Initial Conditions Precedent It is envisaged that there will be two sets of conditions precedent, the "Initial Conditions Precedent" and the "Operational Conditions Precedent", similar to the AR4 CfD.

  • This links to the Operational Conditions Precedent issue highlighted in section 3.2.1 around a Fuel Measurement and Sampling (FMS) equivalent standard for metering carbon in a CCUS power plant.

  • Under paragraph (a) above, in addition to the day-for-day extension, the Producer will be entitled to receive CO2 T&S Connection Delay Compensation if the Producer has satisfied all Operational Conditions Precedent other than the CO2 T&S Connection Confirmation CP.

  • Parent's Accounting for the Cumulative Translation AdjustmentIn March 2013, FASB issued ASU No. 2013-5, Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.

  • In the light of such literature, production efficiency is a function of both internal efficiency (manufacturing based concept) and external efficiency (defined as customer’s quality experience, Gronroos 2000).

  • The recipient of an assistance award must maintain written records to support all allowable costs which are claimed as its contribution to cost participation, as well as costs to be paid by the Federal government.

  • This means that if all other Operational Conditions Precedent have been satisfied, the Producer can achieve its Start Date and begin to receive payments under the LCHA in respect of Qualifying Volumes produced and sold.


More Definitions of Operational Conditions Precedent

Operational Conditions Precedent means the conditions precedent set out in item 3.6 (Operational Conditions Precedent).
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Operational Conditions Precedent means the conditions precedent set out in item 2.4 (Operational Conditions Precedent). Price Floor has the meaning given to that term in item 4.7(Price Floor).
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Related to Operational Conditions Precedent

  • Conditions Precedent means the conditions precedent set out in clause 3 below;

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • General Conditions means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006).

  • Supplemental Conditions means those terms and conditions, if included in the Agreement by mutual written agreement of the Parties, which add to or modify the Agreement and are incorporated by reference as if fully set forth in the Agreement. In the case of a conflict between the Supplemental Conditions and the Agreement, the Supplemental Conditions shall prevail.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • General Condition means these General Terms and Conditions of Contract.

  • Specific Conditions means the conditions negotiated and agreed between the Purchaser and the Supplier incorporated into and appearing on the front of the Order including any Specification.

  • Terminal condition means an incurable condition caused by injury, disease, or illness that according to reasonable medical judgment will produce death within six months, even with available life-sustaining treatment provided in accordance with the prevailing standard of medical care.

  • General Conditions Cost means costs incurred and minor work performed by Contractor without the need for competitive bids/proposals. The allowable General Conditions items are limited in Paragraph 11.1 and are further described on Exhibit “D”. The maximum allowable General Conditions Cost payable to Contractor during the Construction Phase of the Project is set out in Exhibit “A” attached to this Agreement.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Abnormal Condition means any condition on the Interconnection Facilities which, determined in accordance with Good Utility Practice, is: (i) outside normal operating parameters such that facilities are operating outside their normal ratings or that reasonable operating limits have been exceeded; and (ii) could reasonably be expected to materially and adversely affect the safe and reliable operation of the Interconnection Facilities; but which, in any case, could reasonably be expected to result in an Emergency Condition. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not, standing alone, constitute an Abnormal Condition.

  • Hazardous financial condition means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able: