Examples of Target COD in a sentence
Seller shall be in default under this PPA if the Facility fails to achieve COD by the Target COD (“COD Delay”).
Liquidated Delay Damages shall begin to accrue on the Day after the Target COD (as it may be extended due to Force Majeure) until the first to occur of COD or termination of this PPA pursuant to Section 12.2(C) below.
Seller shall have a cure period of 45 days for its failure to achieve Commercial Operation by the Target COD, provided, however, that if during such period Seller provides a written opinion from a mutually-agreeable independent engineer that COD can reasonably be achieved within an additional 45 Day period, then the cure period shall be 90 Days after the Target COD to achieve Commercial Operation.
If FM delays the commencement of construction or the occurrence of commercial operation, then the CC Longstop Date, Target COD, and COD Longstop Date will be extended for such reasonable period of delay directly resulting from such FM event.
The Authorized COD Extension date shall be twelve (12) months from the Target COD.