Scheduled Commercial Operation Date definition
Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;
Scheduled Commercial Operation Date means, with respect to any Material Project, the date originally scheduled as the day on which such Material Project shall achieve Commercial Operation as specified in the notice to be delivered to the Administrative Agent with respect to such Material Project as specified in the second paragraph of the definition of Consolidated EBITDA Material Project Adjustment.
Scheduled Commercial Operation Date mean the scheduled Commercial Operation Date as reflected in the request from the Borrower to the Administrative Agent for approval of the applicable Material Project EBITDA Adjustments), then the foregoing amount shall be reduced, for quarters ending after the scheduled Commercial Operation Date to (but excluding) the first full quarter after the actual Commercial Operation Date, by the following percentage amounts depending on the period of delay (based on the actual period of delay or then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer than 90 days, but not more than 180 days, 25%, (iii) longer than 180 days but not more than 270 days, 50%, (iv) longer than 270 days but not more than 365 days, 75%, and (v) longer than 365 days, 100%; and
Examples of Scheduled Commercial Operation Date in a sentence
This Agreement shall come into full force and effect from the Effective Date and shall, unless extended, or terminated earlier, in accordance with the provisions of this Agreement (including pursuant to Clause 18.3 (Termination Option) or by the written agreement of the Parties, continue in full force and effect for five (5) years from the Scheduled Commercial Operation Date (the “Term”).
If the Event of Force Majeure occurs after the Scheduled Commercial Operation Date but prior to the Required Commercial Operation Date, the Required Commercial Operation Date shall be postponed by such time as shall be reasonable for such an Event of Force Majeure, taking into account the likely effect of the delay.
More Definitions of Scheduled Commercial Operation Date
Scheduled Commercial Operation Date means the date …………………. (Insert a date within 15 months from the date of execution of the PPA as declared by the Power producer.
Scheduled Commercial Operation Date means [ ].5
Scheduled Commercial Operation Date means the date
Scheduled Commercial Operation Date shall have the meaning set forth in Recital C.
Scheduled Commercial Operation Date means 9 October 2016 for the purpose of evaluation of bids only which shall be subject to revision by the Nodal Agency while according TEC to the Project;
Scheduled Commercial Operation Date or “SCOD” shall mean nine (9)Months from the Effective Date as defined in the PPA;
Scheduled Commercial Operation Date means, with respect to any Material Project, the date originally scheduled as the day on which such Material Project shall achieve “commercial operation” as defined in the definition of Adjusted Consolidated EBITDA as specified in the notice to be delivered to the Administrative Agent with respect to such Material Project as specified in the third paragraph of the definition of “Adjusted Consolidated EBITDA”.