Examples of Operational Term in a sentence
This Clause 49A specifies the respective obligations of the parties in relation to malicious damage to the Facilities during the Operational Term.
During the Operational Term, the Authority shall be entitled to notify Sub-hubco that a risk has become Uninsurable under paragraph (b) of the definition of “Uninsurable”.
Sub-hubco shall be responsible for monitoring its performance of this Agreement during the Operational Term, in the manner and at the frequencies set out in Schedule Part 12 (Service Requirements).
If Sub-hubco defaults in insuring or continuing to maintain the Insurances, the Authority may insure against any risk in respect of which such default has occurred and recover any premiums from Sub-hubco as a debt provided that if the default occurs during the Operational Term the amount recoverable from the Sub-hubco shall be the difference between the premiums had Sub-hubco continued to maintain the Insurances and the premiums paid by the Authority to take out and maintain the Insurances.
Subject to Clause 23.24, the Authority is entitled to be reimbursed by Project Co for costs incurred by the Authority for Utilities supplied to the Facilities during the Operational Term that are consumed in the process of Project Co or any Project Co Party carrying out operations to rectify an Availability Failure.