Required Operations definition

Required Operations shall collectively refer to the following on and with respect to Owner conducting its Petroleum Business in the City: (i) Owner retaining and continuing to own or lease sufficient facilities in the City to allow the Petroleum Business to be conducted; (ii) Owner’s operation of the Petroleum Business within the corporate boundaries of the City; and (iii) Owner not transferring or otherwise relocating the retail sales operation or the point of sale as reported to the BOE for the Petroleum Business to another facility or location outside of the City.
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Required Operations means, collectively, the following on and with respect to the Site: (i) Company retaining and continuing to own a leasehold and/or ownership interest in all or such lesser portion of the Site sufficient to allow the Business to be conducted; (ii) Company’s operation of the Business on the Site; and (iii) Company not transferring or otherwise relocating all or any portion of the retail sales operation or the point of sale as reported to the SBE for the Business to another facility or location outside of the City. Failure of Company to continuously conduct and operate, or cause to be conducted and operated, the Required Operations on the Site during the entire Operating Period shall entitle City to terminate the Agreement and demand repayment by Company of all previously paid Covenants Consideration in accordance with Subsection 6.b. of the Agreement.
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Required Operations has the meaning set forth in Section 6.4.
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Examples of Required Operations in a sentence

  • The cumulative amount of liquidated damages for failure to meet the Required Operations Date shall not exceed [Insert maximum liquidated damages amount] .

  • FMW shall have the right, without the JPA's consent, to make alterations to the existing improvements, and make new improvements to the Property, provided, that, in the case of the alteration of the existing improvements, the new and remaining improvements must be sufficient to provide for the Required Operations.

  • No budgets, cost or revenue projections or any other financial information shall be provided by FMW with the business plans submitted to JPA, except those required in connection with the Required Operations.

  • The Contractor shall coordinate with the Contracting Officer and obtain written approval from the Contracting Officer on all Permit Required Operations before the operation begins.

  • The foregoing in no way releases FMW from its obligation to conduct the Required Operations.

  • There are additional measures listed, called Required Operations Procedures (ROPs), but they would not be attached to the leases themselves.

  • The insurance coverage under this Section E.2.2 shall be reviewed [●] Days before the Required Operations Start Date.

  • The Annual Business Plan and 5 Year Plan shall include the expected capital improvements projected for the Property and operations during the applicable period, but shall in no event include budgets, cost or revenue projections or other financial information of Tenant, except that Tenant shall include within the Annual Business Plan and the 5 Year Plan a budget for costs to be incurred for the Required Operations (excluding the marketplace).

  • As of the Signature Date, the Project Milestones and the required dates for achieving them are as follows: Required Effective Date [] months after Signing Date Required Continuous Construction Date [] months after Effective Date Required Provisional Operations Start Date [] months after Effective Date Required Operations Start Date [] months after Effective Date These dates shall be subject to amendment only in accordance with this Agreement.

  • Required Operations personnel to take a self-study course for to review the three-part communication protocol and NERC Standard, COM-002.


More Definitions of Required Operations

Required Operations. For the purposes of this Section a lease or interest shall be deemed to be expiring or terminating if such lease or interest (or portion thereof outside a producing unit) would expire or terminate within six
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Required Operations has the meaning set out in Clause 4.1(b)(vi); (zz) “Restricted Person” means a person that is:
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Required Operations means all operations and costs, taxes, fees, outlays and Expenditures required to be incurred therefor to maintain and keep the Exploration Area and Joint Venture Assets, as the case may be, in good standing and free and clear of all Liens, and Hazardous Conditions, and in compliance with the Act, the Laws and the Environmental Standards.
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Required Operations means all Operations and Costs of any kind required to be carried out and incurred to maintain and keep the Assets in good standing and free of default under any governmental or regulatory laws, rules or regulations and shall include, without limitation, any financial assurances required to be posted for environmental clean up purposes by statute or regulation.
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Related to Required Operations

  • 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.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;

  • Designated operational area means a geographic area designated by the combatant commander or subordinate joint force commander for the conduct or support of specified military operations.

  • WREGIS Operating Rules means those operating rules and requirements adopted by WREGIS as of December 2010, as subsequently amended, supplemented or replaced (in whole or in part) from time to time.

  • General air quality operating permit or "general permit" means an air quality operating permit that meets the requirements of ARM 17.8.1222, covers multiple sources in a source category, and is issued in lieu of individual permits being issued to each source.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Reasonable and prudent parent standard means the

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Environmental Approval means any present or future permit, ruling, variance or other Authorisation required under Environmental Laws.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Operating Permit means a permit issued pursuant to section 10 of this local law. The term “Operating Permit” shall also include an Operating Permit which is renewed, amended or extended pursuant to any provision of this local law.

  • Market Operations Center means the equipment, facilities and personnel used by or on behalf of a Market Participant to communicate and coordinate with the Office of the Interconnection in connection with transactions in the PJM Interchange Energy Market or the operation of the PJM Region.

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Environmental Approvals means any permit, license, approval, ruling, variance, exemption or other authorization required under applicable Environmental Laws.

  • Licensed Operator means a person licensed, or deemed to be licensed, to provide a port service or operate a port facility;

  • Joint Operations means all operations necessary or proper for the development, operation, protection and maintenance of the Joint Property.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—