Operational Period. The Operational Period commences on the date the Commonwealth accepts the Project Completion Report, to the Commonwealth’s satisfaction. The duration of the Operational Period is dependent on the amount of Funding provided by the Commonwealth under this Agreement. The thresholds are set out in the table below: Note: select Duration as appropriate and delete other lines Amount of Funding Duration of Operational Period Up to $250,000 One (1) year $250,001 to $1,000,000 Three (3) years Over $1,000,000 Five (5) years During the Operational Period, the Recipient must, if requested by the Commonwealth to do so, promptly provide evidence satisfactory to the Commonwealth that the Project is Operational.
Appears in 6 contracts
Samples: Deed of Agreement, Deed of Agreement, Deed of Agreement
Operational Period. The Operational Period commences on the date the Commonwealth accepts the Project Completion Report, to the Commonwealth’s satisfaction. The duration of the Operational Period is dependent on the amount of Funding provided by the Commonwealth under this Agreement. The thresholds are set out in the table below: Note: select Duration as appropriate and delete other lines Amount of Funding Duration of Operational Period Up to $250,000 One (1) year $250,001 to $1,000,000 Three (3) years Over $1,000,000 Five (5) years During the Operational Period, the Recipient must, if requested by the Commonwealth to do so, promptly provide evidence satisfactory to the Commonwealth that the Project is Operational.
Appears in 2 contracts
Samples: Deed of Agreement, Funding Agreement
