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 the date …………………. (Insert a date within 12 (twelve) months from the date of execution of 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 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.

Examples of Scheduled Commercial Operation Date in a sentence

• Upon the request of Seller, and provided that the existence or duration of any Excused Delay is not the subject of a good faith dispute between the Parties and no Seller Event of Default has occurred and is continuing, Utility agrees to provide reasonable assurances to Seller’s Lenders and other financial institutions that the Scheduled Commercial Operation Date has been extended under this Section 2.7.

• Notwithstanding the foregoing, if Utility, in exercising commercially reasonable efforts, is able to accept deliveries of Net Output earlier than ninety (90) days before the Scheduled Commercial Operation Date, Utility will pay Seller for Net Output delivered at the Point of Delivery under this Section 5.1.1; provided that under no circumstances shall Utility be obligated to accept deliveries of Net Output earlier than 180 days before the Scheduled Commercial Operation Date.

• If Seller fails to achieve Commercial Operation on or before the Scheduled Commercial Operation Date due to an Excused Delay, the Scheduled Commercial Operation Date shall be deemed extended on a day-for-day basis to match the duration of such Excused Delay.

More Definitions of Scheduled Commercial Operation Date

Scheduled Commercial Operation Date means [_______________].

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

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 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 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”.