Required Commercial Operation Date definition

Required Commercial Operation Date. – means the date that is fifteen (15) months following the Project Effective Date; provided, that such date shall be extended: (a) in accordance with the terms of this Agreement as a result of a Force Majeure Event or Political Event or Change in Law.
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Required Commercial Operation Date has the meaning assigned in Section 4 of Appendix A.
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Required Commercial Operation Date or “RCOD” means, in respect of the Zone, the date prescribed by the Transmission Administrator in Schedule 3 for each Required Capacity as the date by which each such Required Capacity is required to commence Commercial Operation.
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Examples of Required Commercial Operation Date in a sentence

  • If Seller fails to achieve Commercial Operation of the Facility by the Required Commercial Operation Date, Seller must pay Delay Damages to PSE for each Day of delay after the Required Commercial Operation Date (including any partial Day) until the earlier of (a) Commercial Operation of the Facility, (b) the date that Seller notifies PSE that Commercial Operation will not be achieved, or (c) ninety (90) Days after the Required Commercial Operation Date.

  • In that case, it is evident that the contingency arrangement will not be in place before the current Required Commercial Operation Date (RCOD) of MTHP.

  • Considering the effect of COVID-19 pandemic on many hydro projects under construction in the country, the Government through Nepal Electricity Authority had decided to grant a maximum of one-year extension of Required Commercial Operation Date on demand from projects that needed such time compensation.

  • Seller must promptly notify PSE in writing of any issue, event or other development that has impacted, or would reasonably be expected to impact, Seller or the development, construction, or completion of the Facility such that Seller is unlikely to (a) achieve Commercial Operation by the Required Commercial Operation Date, or (b) timely achieve any other Milestone.

  • Seller must provide the Final Facility Documents to PSE as soon as practicable, but no later than ninety (90) Days prior to the Required Commercial Operation Date.


More Definitions of Required Commercial Operation Date

Required Commercial Operation Date means the final date by which the QF is required to be commissioned and shall be exactly eighteen (18) Months after the Contract Date.
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Required Commercial Operation Date means December 31, 2021, subject to adjustment as described in Section 4.1.
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Required Commercial Operation Date means the date that is [] days after Financial Closing, as this may be extended in accordance with the terms of this Agreement.
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Required Commercial Operation Date means July 31, 2024, or such later date as may be agreed to by the Borrower and all Lenders.
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Required Commercial Operation Date means the date falling twenty-seven (27) months from Financial Close, or such later date as may apply in accordance with the provisions of this Agreement.
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Required Commercial Operation Date means June 1, 2005, provided however, that such date may be extended due to a Force Majeure Event for a term equal to the period of the delay caused by said Force Majeure Event.
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Required Commercial Operation Date. – means with respect to the Plant, the date which is [twenty four (24)] months after the Financial Closing, which date may be extended in accordance with the EPA.
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