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 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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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).

  • Provided that Tenant has not fully surrendered or terminated this Agreement, then on or before the expiration of the Operations Term, Tenant may, at its option, extend the term of this Agreement for two additional five (5) year periods (each an “Extended Term”).

  • Tenant may exercise its option to extend this Agreement for each Extended Term by giving Owner written notice thereof on or before the date that is one hundred and eighty (180) days prior to the expiration of the Operations Term and upon satisfactory negotiation of payment for each respective Extended Term.

  • Lease Term Duration 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.

  • If Grantee constructs any Windpower Facilities on the Property, the "Operations Term" shall begin on the Operations Date and end on the twenty-fifth (25th) anniversary of the Operations Date.

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

  • Lease Term Duration Preliminary Term 1 year Site Assessment Term 5 years Operations Term 25 years Schedule: ADDENDUM “C” includes a schedule and reporting requirements for conducting site characterization activities.

  • Grantee may exercise its option to extend this Agreement for the Extended Term by giving Owner written notice thereof on or before the date that is one hundred and eighty (180) days prior to the expiration of the Operations Term.

  • The Fixed O&M Fee shall be exclusive of electricity and customer billing costs, and shall include the fixed portion of the Maintenance and Repair of the Wastewater Facilities for the Operations Term of this Agreement.

  • 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.


More Definitions of Operations Term

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 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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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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Related to Operations Term

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • 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.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Motor Sport Activities means any motor sport activities or Recreational Services which are permitted or approved which CAMS regulates or administers by CAMS or otherwise under the responsibility / control of CAMS;

  • Operational Period means a period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with a date and time at which the Certificate expires or is earlier revoked.

  • 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;

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • 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.

  • Implementation Period means the period from the date of signing of the Agreement and up to the issuance of Final Acceptance Certificate for the project.

  • Permitted Activities The primary activities of the trust created pursuant to this Agreement which shall be:

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.

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

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Discontinued Operations means operations that are accounted for as discontinued operations pursuant to Applicable GAAP of the Issuer for which the Disposal of such assets has not yet occurred.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Operations Period means the period commencing from COD and ending at the expiry of the Concession or Termination.

  • 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.

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Active business operations means all business operations that are not inactive business operations.

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