Common use of Construction Term Clause in Contracts

Construction Term. Upon the expiration of the Development Term, the term of this Agreement shall automatically extend and continue (“Construction Term”) until the earlier to occur of: (a) the date on which Tenant begins production of electrical energy generated by substantially all of the Solar Generating Equipment to be included in the Project or (b) the fourth (4th ) anniversary of the Effective Date. Upon the occurrence of either subsection (a) or (b), that date, as declared by Tenant, is hereunder referred to as the “Operations Date.”

Construction Term. Upon the expiration of the Development Term, the term of this Agreement shall automatically extend and continue (“Construction Term”) until the earlier to occur of: (a) the date on which Tenant begins production of electrical energy generated by substantially all of the Solar Generating Equipment to be included in the Project or (b) the fourth (4th ) anniversary of the Effective Date. Upon the occurrence of either subsection (a) or (b), that date, as declared by Tenant▇▇▇▇▇▇, is hereunder referred to as the “Operations Date.”