Operative Period definition

Operative Period means the period of ten years commencing on the Adoption Date;

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Operative Period means an include the minimum period of Operation of Unit as laid down under the Government Resolution, Industries, Energy and Labour Department, No. PSI-2108/CR 35 /IND-8, dated the 21st May, 2008 .

Operative Period means the period commencing on 1st July, 2014 and ending on 20th June, 2016.

Examples of Operative Period in a sentence

• Provided that no Event of Default has occurred and is continuing, and no O&M Operative Period has existed for three (3) consecutive calendar months, Lender shall, upon written request from Borrower, release all sums contained in the Curtailment Reserve Escrow Account and the Operation and Maintenance Expense Escrow Account to Borrower.

• Pursuant to the Collection Account Agreement of even date herewith, the bank in which the Collection Account is located has been instructed that all collected funds deposited in the Collection Account shall be automatically transferred through automated clearing house funds (“ACH”) or by Federal wire to the Central Account prior to 3:00 p.m. (New York City time) on the Business Day immediately prior to each Payment Date or, if an O&M Operative Period has occurred and is continuing, on a daily basis.

• During any O&M Operative Period, the management fee payable to Manager shall be limited to 4% per annum of the total revenues of the Property and shall not include the 2.5% Allocable Chain Expense (as defined in the Management Agreement).

• Funds deposited into the Curtailment Reserve Escrow Account during an O&M Operative Period shall be held by Lender in the Curtailment Reserve Escrow Account as additional security for the Loan until the Loan has been paid in full.

• The primary purpose of this Article VI is (x) to provide a mechanism for the commencement and termination of an Operative Period or a Five-year Period and (y) to set forth the powers and duties of the Trustees in connection with and during an Operative Period or a Five-year Period.

More Definitions of Operative Period

Operative Period means and include the minimum period of Operation of Unit as laid down under the Government Resolution, Industries, Energy and Labour Department, No PSI-2108/CR 35 /IND-8, dated the 21st May, 2008 or as may be amended from time to time.

Operative Period means (a) any period during which a monetary Event of Default shall have occurred and be continuing, (b) if Borrowers fail to provide Lender with a Commitment or Commitments on or prior to the Refinance Notification Date, the period commencing on the Refinance Notification Date and ending on the date the Indebtedness has been paid in full, and (c) if Borrowers provide Lender with a Commitment or Commitments on or prior to the Refinance Notification Date and the Void Commitment Date occurs, the period commencing on the Void Commitment Date and ending on the date the Indebtedness has been paid in full.

Operative Period means the period of 10 Business Days commencing on the date the Statement is agreed or is deemed to have been agreed or is determined by the Expert in accordance with paragraph 2.4 of this Part 3 of Schedule 8;

Operative Period has the meaning given that term in the first paragraph of Article III.

Operative Period means 1 January 2001 to 31 December 2003 or as extended in accordance with Section 9;

Operative Period means (i) the period from and after the date which is the later of (x) August 23, 1996 (being the date on which USF acquired Distribution), and (y) to the extent a representation or warranty relates to any company, business or asset acquired by Distribution after August 23, 1996, the date upon which such company, business or asset was acquired by Distribution; and (ii) any period specifically referred to in a representation or warranty. "OWNED REAL PROPERTY" has the meaning given that term in Section 3.8.

Operative Period means the period of ten years commencing on the Adoption Date.