Operations Term definition

Operations Term means the period beginning on the first day immediately following the end of the Initial Term and ending on July 31, 2027, unless earlier terminated in accordance with this Lease, and subject to extension for the Renewal Term in accordance with Section 3(b). The first month of the Operations Term shall commence on the Initial Delivery Date or Buyer Completion Date (as applicable) and end on the last day of the first full calendar month thereafter (i.e., the calendar month in which the Initial Delivery Date or Buyer Completion Date, as applicable, occurs if the Initial Delivery Date or Buyer Completion Date, as applicable, is the first day of a calendar month, but otherwise the period between the Initial Delivery Date or the Buyer Completion Date, as applicable, and the last day of the first full calendar month following the calendar month in which the Initial Delivery Date or the Buyer Completion Date, as applicable, occurs).
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Operations Term. Has the meaning set forth in Section 2.2.
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Operations Term means the period commencing on the Substantial Completion Date to and including the date that is the earlier of 10 years after the Scheduled Substantial Completion Date and the Termination Date, unless such term is otherwise extended in accordance with Section 27.2 of the Project Agreement.
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Examples of Operations Term in a sentence

  • The Operations Term begins on the date that the Lessor approves the Lessee’s Construction and Operations Plan (COP).

  • BPA Worldwide shall deduct from the refunded fees, any costs associated with its evaluation.

  • Preliminary Term‌ 1 year‌ Site Assessment Term 5 years Operations Term 33 years Schedule: Addendum “C” includes a schedule and reporting requirements for conducting site characterization activities.

  • The Operations Term of the Contract is anticipated to last four (4) years.

  • Preliminary Term 6 months Site Assessment Term 5 years Operations Term 25 years Schedule: Addendum C includes a schedule and reporting requirements for conducting site characterization activities.

  • Approval by the General Manager or Executive Director is required for all General Operations Term Employees and General Operations Student Employees.

  • The Company’s Operation & Maintenance Plan shall also include the Operations Protocol that will be followed while delivering the O&M Services during the Operations Term of this Agreement.

  • With respect to the Operations Term and Extended Term, upon request from Grantee, Owner shall execute, in recordable form, and Grantee may then record, a memorandum evidencing the Operations Term and Extended Term, as applicable; provided that the execution of such memorandum is not necessary for such Operations Term or Extended Term to be effective.

  • Approval by the General Manager or Support and Administration Manager is required for all General Operations Term Employees and General Operations Student Employees.

  • The Operations Term begins on the date that the Lessor approves the Lessee’s Construction and Operations Plan (COP).II.


More Definitions of Operations Term

Operations Term means the period commencing on the Substantial Completion Date to and including the date that is the earlier of 10 years after the Substantial Completion Date and the Termination Date, unless such term is otherwise extended in accordance with the terms of the Project Agreement.
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Operations Term means the period from the Service Commencement Date and ending on the Expiry Date or the Termination Date, whichever occurs first;
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Operations Term means the period starting on the earlier of (a) Company’s notice to Owner of the start of the Operations Term, (b) the date that is twelve (12) months after the Construction Start Date, or (c) COD and continuing thereafter until the date that is thirty (30) years after this date.
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Operations Term shall have the meaning set forth in Exhibit B, Section B-2(c). “Party” and “Parties” shall have the meaning set forth in the preamble.
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Operations Term will commence on the day specified by Tenant in a written notice to Landlord (“Operations Notice”) that the Hydrogen Project will commence operations, as measured by the date the Hydrogen Project’s hydrogen production equipment is officially commissioned to begin the production of hydrogen and the Hydrogen Project has been operating fully for ten (10) continuous days at a minimum of eighty percent (80%) of its nameplate capacity) (the “Operations Date”) and will continue until the date that is twenty seven (27) years from the Operations Date. Tenant will have the right to conditionally extend the Operations Term, as set forth in Section 2.1 and Table 1, for six (6) separate and successive terms of five (5) years (each, an “Operations Term Extension”) which shall expire at the end of such applicable Operations Term Extension, unless further extended. At any time during the Operations Term with written notice to the Landlord, the Tenant reserves the right to terminate this Lease in accordance with Section 16.1. In accordance with Section 3.3, Tenant shall pay to Landlord one or more non-refundable rent payments, (the “Operations Rent”) associated with use of the Leased Premises during the Operations Term and any Operations Term Extension. During the Operations Term, the Tenant shall have exclusive possession of the Leased Premises, the right to do all things necessary to operate the Hydrogen Project on the Leased Premises and to exercise its other rights under this Lease.
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Operations Term table is hereby amended and restated as follows:
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Related to Operations Term

  • Services Term means the period during which you are entitled by Red Hat to use, receive access or consume a particular Red Hat Product pursuant to an Order Form or Business Partner order.

  • Commercial Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.