Operational Term definition

Operational Term means [in respect of a Phase] the period from the Actual Completion Date [Phase Actual Completion Date] until the end of the Project Term;

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Operational Term means the term of validity of a Digital Certificate commencing on the date of its issue and terminating on the earlier of (i) the date disclosed in that Digital Certificate or (ii) the date of that Digital Certificate’s Revocation.

Operational Term means any provision of the Crude Supply Agreement or the CRCCLP Crude Supply Agreement concerning the day-to-day performance of such agreement, including those provisions customarily waived or modified on a temporary basis in the ordinary course of business or pursuant to industry custom or practice, and which is not a Material Term.

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.
If an Emergency arises during the Operational Term which cannot be dealt with by performance of the Services, the Authority may instruct DBFM Co to procure that such additional or alternative services are undertaken by DBFM Co as and when required by the Authority to ensure that the Emergency is dealt with and normal operation of the Facility resumes as soon as is reasonably practicable.
If an Emergency arises during the Operational Term which cannot be dealt with by performance of the Services, the Authority may instruct Project Co to procure that such additional or alternative services are undertaken by Project Co as and when required by the Authority to ensure that the Emergency is dealt with and normal operation of the Facility resumes as soon as is reasonably practicable.
If an Emergency arises during the Operational Term which cannot be dealt with by performance of the Services, the Authority may instruct Sub-hubco to procure that such additional or alternative services are undertaken by Sub-hubco as and when required by the Authority to ensure that the Emergency is dealt with and normal operation of the Facility resumes as soon as is reasonably practicable.
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.

More Definitions of Operational Term

Operational Term has the meaning set forth in the Fab Availability Agreement.

Operational Term means the period beginning when

Operational Term means the period commencing on the Effective Date and ending December 31, 2000, unless sooner terminated or extended pursuant to Section 5 hereof.

Operational Term shall commence upon the initiation of any surface activity on the Leased Premises in furtherance of the development and production of oil and gas including, but not limited, to surveying, mobilization, location preparation, and other such activities preliminary to development of this Lease.

Operational Term is defined in Section 5 below. "Option Period" is defined in Section 6 below.

Operational Term has the meaning given by clause 7(1) (Operational Term and Post-Closure Period);

Operational Term means that period of time commencing upon the Effective Date and continuing for the following two (2) years.