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.

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.

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.

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.

• No Force Majeure Event will extend this BESSA beyond the stated Term or excuse Seller from not achieving Commercial Operation of the Facility by the Required Commercial Operation Date beyond what is provided for in Section 9.1.

• If Delay Damages are owed under this Section 9.1, no later than five (5) Business Days after the Required Commercial Operation Date, Seller must provide Eligible Collateral to PSE in the amount equal to the lesser of [ ] per kW ($[ ]/kW) and [ ] ($[ ]), which Eligible Collateral will be in addition to the Performance Security.

• 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.

More Definitions of Required Commercial Operation Date

Required Commercial Operation Date means December 31, 2027, subject to adjustment as described in Section 4.1 and 4.3.

Required Commercial Operation Date has the meaning assigned in Section 4 of Appendix A.

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.

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.

Required Commercial Operation Date means July 31, 2024, or such later date as may be agreed to by the Borrower and all Lenders.

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 PPA.

Required Commercial Operation Date. – means the date falling fifteen (15) months after Project Effective Date, which date may be extended for certain specified events and delays (for example, due to Force Majeure Events) pursuant to the Project Agreements.