COD Longstop Date definition
Examples of COD Longstop Date in a sentence
Each of the CC Longstop Date, Target COD, and COD Longstop Date will be extended for a reasonable period if an event of force majeure or a change in law delays Generator in the development or construction of the facility.
If FM delays the commencement of construction or the occurrence of commercial operation, then the CC Longstop Date, Target COD, and COD Longstop Date will be extended for such reasonable period of delay directly resulting from such FM event.
The Project must achieve commercial operation within 18 months after Target COD (the "COD Longstop Date") failing which AESO will have the option to terminate the RESA (in which case Generator will pay, as liquidated damages, a sum equal to the completion and performance security (i.e. $50,000 per MW, calculated based on the contract capacity of the project) and AESO’s remedies will be limited to such amount).