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 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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Examples of Operational Conditions Precedent in a sentence

  • This questionnaire should not be viewed as in any way restricting LCCC in the nature, type and/or amount of evidence, information and documentation it will require to satisfy itself of the Generator’s fulfilment of the Operational Conditions Precedent (OCP) 2.3, nor as to the nature, level and timing of our consideration or reconsideration of the evidence that is provided.

  • 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.

  • There is then a further requirement that, before its start date, a Generator must provide evidence that the Facility has connected to the T&S Network, unless the T&S network is unavailable, in order to meet its Operational Conditions Precedent (OCPs) and for payments under the DPA to commence.

  • Under the terms of the CfD, the contractual milestone of Operational Conditions Precedent (OCP) signifies a project has satisfied the eligibility criteria required for it to start generating electricity and receiving support.

  • This guidance provides you with an indication of the current approach and expectations of Low Carbon Contracts Company Ltd (“ LCCC”) in relation to the Operational Conditions Precedent (“OCPs”) at Schedule 1, Part B, paragraph 2 of the Contract for Difference (“CfD”).

  • Low Carbon Contracts Company congratulates Walney Extension Offshore Wind Farm on passing all Operational Conditions Precedent (OCPs) for Phase 2 of their CFD.

  • The Milestone Delivery Date will be adjusted day-for-day for any delays that occur due to Force Majeure; and c) longstop Date: the Generator fails to satisfy the Operational Conditions Precedent by a specified "Longstop Date" which, similar to the AR3 CfD, is likely to be 12 months after the expiry of the Target Commissioning Window.

  • 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.

  • 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.

  • 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).


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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Related to Operational Conditions Precedent

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • 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).

  • 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.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • 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.

  • 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.