Examples of Availability Condition in a sentence
When Project Co has completed the required works to enable the Authority to return to the Functional Unit the Authority will confirm that the Availability Condition is met for the Functional Unit and the Authority and Project Co will agree to a relocation program to return to the Functional Unit and any necessary period for re-commissioning.
If a Service Failure results in a breach of the Availability Condition of any Functional Unit, the Authority will be entitled to take a Deduction in accordance with Schedule 8 [Payments].
Given this interpretation, each of the following conditions has a distinct economic meaning, and each condition can fail independently.A sequence of outcomes satisfies Availability (Condition 3) relative to a pair of sequences of functions LB and LS if Q¯B (v) < 1 for all v below some vx implies that L¯B (v) = 1 fork kall v < vx and if Q¯S (s) < 1 for all s above some sx implies that L¯S (s) = 1 for all s > sx.
Subject to satisfaction of the conditions precedent set forth in Section 3 hereof and solely with respect to the Dominion Trigger Period in effect as of the date hereof, the Lender hereby waives the Availability Condition and any obligations of the Loan Parties or any of their Subsidiaries that resulted solely from such Dominion Trigger Period.
It is understood and agreed that the Borrower may elect that the aggregate principal amount of the Amended Term Facility as of the Closing Date be less than $65,000,000, provided that after giving effect to any such election, the Minimum Availability Condition (as defined in the Term Sheet) is satisfied on the Closing Date.