Operational Milestone definition

Operational Milestone means an objective event that is indicative of project progress occurring as proposed in the application.

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Operational Milestone means an objective event with defined criteria that is indicative of successful project progress on a “critical path” activity, that if not achieved in a timely manner will inhibit the accomplishment of the expected project outcome in the allowable project period

Operational Milestone means each operational event and result that Seller must achieve as set forth in the Operational Milestone Schedule, with such supporting documentation as may be requested by Buyer from time-to-time in its Commercially Reasonable discretion.

Examples of Operational Milestone in a sentence

• If Seller will be unable to timely meet any Operational Milestone, Seller shall also deliver written notice to Buyer informing Buyer that Seller will be unable to meet an Operational Milestone, but in any event Seller shall deliver notice to Buyer no later than five (5) Business Day after the due date of the Operational Milestone that Seller failed to achieve.

• Each such major development and construction activity shall be deemed to be an Operational Milestone, and the deadline by which Seller must successfully complete each such activity for Seller to achieve the Commercial Operation Date set forth in this Exhibit 3shall be deemed to be a Milestone Deadline.

• For each Operational Milestone, Seller shall deliver written notice to Buyer within five (5) Business Days of Seller having met such Operational Milestone.

• Buyer shall have no obligation or liability to Seller for Buyer failing to advise Seller of any condition, damages, circumstances, infraction, fact, act, omission or disclosure discovered or not discovered by ▇▇▇▇▇ with respect to any Operational Milestone, the Facility, the System or any contractor.

• Operational Milestone Schedule Deadline Performance/Result Seller Must Timely Achieve Interconnection Agreement Executed Financing Milestone Commitment Final System Design under Interconnection Agreement Required Permits and Approval Deadlines Commencement Readiness Requirements 90 calendar days after the Interconnection Facilities and System Upgrades In-Service Date, and extended day-to-day for any delays not caused by the Seller.

• In the aggregate, the Operational Milestone Payments for achievement of all European Operational Milestones shall not exceed US$1,000,000.

• MMIS IV&V Progress Report for CMS Operational Milestone Review (R2) During this review, a certification progress report is developed documenting the assessment of document and artifacts required for the Certification Operational Milestone review.

• The types of milestone reviews are the Project Initiation Milestone Review, the Operational Milestone Review, and the MMIS Certification Final Review.

• During the first ten years after the Closing, Executive will not be eligible for future equity awards from the Company until the Performance-Based Vesting Requirements (i.e. both the Stock Price Milestone and the Operational Milestone) for at least seventy-five percent (75%) of the shares subject to the CEO Option Grant have been satisfied by Board Certification (as such capitalized terms are defined in the CEO Stock Option Agreement).

• Buyer shall have no obligation or liability to Seller for Buyer failing to advise Seller of any condition, damages, circumstances, infraction, fact, act, omission or disclosure discovered or not discovered by Buye▇ ▇▇▇h respect to any Operational Milestone, the Facility, the System or any contractor.

More Definitions of Operational Milestone

Operational Milestone means each of the First Operational Milestone, Second Operational Milestone and Third Operational Milestone.

Operational Milestone means the Company achieving Net Sales of at least $45 million for the four quarters ending on March 31, 2007 as reported in the financial statements for such quarters contained in the Company’s Forms 10-K, 10-KSB, 10-Q and 10-QSB, as applicable, filed no later than May 15, 2007. Concurrently with the last such filing, the Company shall also provide each Holder with a written certification, executed on behalf of the Company by its Chief Financial Officer, certifying whether the Company has or has not surpassed the Operational Milestone.

Operational Milestone means the Licensee rebranding the Brightline Business under the Names by the end of the Rebrand Period in accordance with Clause 3.12;

Operational Milestone means those Milestones that relate to activities that do not incur capital expenditure, as set out in Table 2 of Schedule 10 (Payment Mechanism);

Operational Milestone has the meaning set out in clause 5.3.1 of this Agreement;