Future Commercial Agreement(s) and Commercial Operation Sample Clauses

Future Commercial Agreement(s) and Commercial Operation. Without prejudice to the provisions of the next paragraph, Terna and the Company agree to use their best effort to execute commercial agreement(s) which shall, inter alia, regulate the matters set forth in further details in Annex 4 in line with the contents of the same Annex 4. The Parties agree that the New Interconnection will be put into commercial operation once Terna and the Company will have executed commercial agreement related to the New Interconnection transfer capacity allocation, based on the agreements and arrangements between the competent authorities of Italy and Montenegro and based on the split of capacity and relevant revenues distribution as set forth in the Intergovernmental Agreement (i.e., 80% Terna, 20% Company in the course of the first 40 years from the commencement of commercial operation of New Interconnection and thereafter in accordance with the agreement of Terna and CGES), unless different agreements are reached among the competent authorities of Italy and Montenegro.
Sample 1
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Related to Future Commercial Agreement(s) and Commercial Operation

  • Synchronisation Commissioning and Commercial Operation 8.1 The Developer shall provide at least forty (40) days advanced preliminary written notice and at least twenty (20) days advanced final written notice to ESCOM of the date on which it intends to synchronize the Power Project to the Grid System.

  • Synchronization, Commissioning and Commercial Operation 4.1.1 The Power Producer shall give at least thirty (30) days written notice to the SLDC and GUVNL, of the date on which it intends to synchronize the Power Project to the Grid System.

  • Commercial Operation (i) On or before December 31, 2021, Interconnection Customer must demonstrate commercial operation of all generating units. Demonstrating commercial operation includes achieving Initial Operation in accordance with Section 1.4 of Appendix 2 to this ISA and making commercial sales or use of energy, as well as, if applicable, obtaining capacity qualification in accordance with the requirements of the Reliability Assurance Agreement Among Load Serving Entities in the PJM Region.

  • PROFESSIONAL DEVELOPMENT AND EDUCATIONAL IMPROVEMENT A. The Board agrees to implement the following:

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  • Project Management Plan 1 3.4.1 Developer is responsible for all quality assurance and quality control 2 activities necessary to manage the Work, including the Utility Adjustment Work.

  • Pre-Commencement Phase Services The services required to be provided by the Contractor for the Pre- Commencement Phase of the Project in accordance with the Contract Documents.

  • Time for Commencement and Completion The term (Initial Term) of this Agreement will begin on the Effective Date and expire on ______________________, 20___. University will have the option to renew this Agreement for _______ (___) additional ______ (____) year terms (each a Renewal Term). The Initial Term and each Renewal Term are collectively referred to as the Term.

  • Procurement and Property Management Standards The parties to this Agreement shall adhere to the procurement and property management standards established in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and to the Texas Uniform Grant Management Standards. The State must pre-approve the Local Government’s procurement procedures for purchases to be eligible for state or federal funds.

  • PROGRESS AND COMPLETION 8.2.1 All time limits stated in the Contract Documents are material terms and time is the essence of the Contract. A failure by Contractor to do what is required by the time specified in the Contract Documents is a breach of the contract.

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