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 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”.

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

• The Project shall be commissioned by the Scheduled Commercial Operation Date.

• In case the Project is non-operationalized within the extended period of 60 (sixty) days from the Scheduled Commercial Operation Date, the Authority shall, subject to the provisions of Clause 9.2, be entitled to terminate this Agreement.

• This Agreement shall become effective upon the execution and delivery thereof by the Parties hereto and unless terminated pursuant to other provisions of the Agreement, shall continue to be in force for such time until the completion of a period of 25 years (Twenty Five) from the Scheduled Commercial Operation Date of the Project.

• The Project shall be commissioned within Scheduled Commercial Operation Date.

• The SPV shall be solely responsible for any delay or non-receipt of the notice by the concerned agencies, which may in turn affect the Scheduled Commercial Operation Date of the Project.

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 [_______________].

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 the date(s) of Commercial Operation of a generating station or generating unit or block thereof or transmission system or element thereof as indicated in the investment approval or as agreed in power purchase agreement or transmission service agreement as the case may be, whichever is earlier.

Scheduled Commercial Operation Date or “SCOD” shall mean nine (9)Months from the Effective Date as defined in the PPA;