Commercial Operation Date (COD. The Rail System shall be deemed to be complete when the [safety certificate/ commercial service certificate] have been issued under the provisions of Clause 14.4.Accordingly the commercial operation date of the Rail System shall be the date on which the [the safety certificate/ commercial service certificate]is issued (the “COD”). The Rail System shall enter into commercial service on COD whereupon MOR shall provide the Reserved Services and make payment of User Fee to the Concessionaire in accordance with this Agreement, provided however, that the entry of Rail System into commercial service shall always be subject to compliance with the provisions of Clause 14.4.
Appears in 4 contracts
Samples: Model Agreement, Model Agreement, Model Agreement
Commercial Operation Date (COD. The Rail System shall be deemed to be complete when the [safety certificate/ commercial certificate /commercial service certificate] have been issued under the provisions of Clause 14.4.Accordingly 14.4. Accordingly the commercial operation date of the Rail System shall be the date on which the [the safety certificate/ commercial service certificate]is issued (the “COD”). The Rail System shall enter into commercial service on COD whereupon the MOR shall provide the Reserved Services and make payment of User Fee to the Concessionaire in accordance with this Agreement, provided however, that the entry of Rail System into commercial service shall always be subject to compliance with the provisions of Clause 14.4.
Appears in 1 contract
Samples: Model Agreement
