Commercial Close definition

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and the Signing Parties;

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Commercial Close means the execution and signing of the Comprehensive Agreement by Developer and NCDOT.

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and Infrastructure Ontario;

Examples of Commercial Close in a sentence

This collaborative process will extend to the Section Work with the Section Developer, following the completion of the Committed Section Proposal and Commercial Close of the relevant Section.
Coverage shall be maintained continuously from Commercial Close until the later of the termination or expiry of the Infrastructure Performance Demonstration Period and the termination of the LRV Performance Demonstration Period.
At Commercial Close of each Section, the Phase Developer shall hold at least 51% of the equity interest in the Section Developer of that Section.
The Phase Developer shall undertake and perform, all activities necessary to complete a Committed Section Proposal and achieve Commercial Close for each Section.
Following Commercial Close through Final Acceptance, with respect to all other matters set forth in the C-70 Project Agreement except as provided for in Section II.(5) of this Agreement, the Enterprises delegate their rights and responsibilities to perform the C-70 Project Agreement to CDOT.

More Definitions of Commercial Close

Commercial Close means the date of the Project Agreement.

Commercial Close means the execution and delivery of the Agreement by Developer and Department.

Commercial Close means the event that occurs when a contracting authority and a private partner have reached agreement on all terms of the PPPAgreement, subject only to the private partner obtaining financing for the proposed PPP transaction where such financing is required;

Commercial Close means the event that occurs when a contracting authority and a private partner have reached agreement on all terms of the PPPAgreement and the PPP Agreement has been approved by the Cabinet, with the finalisation of the PPPAgreement being subject only to the private partner obtaining financing for the proposed PPP transaction, where such financing is required;

Commercial Close means the date on which the Purchase Agreement and Ancillary Agreements are signed; “ConfidentialInformation Provided” has the meaning ascribed to it in Chapter 3 of this RFP; “Cover Letter Format” means the form of the covering letter to a Proposal in the form and substance provided in Chapter 3 of this RFP; “Designated group” means- (a) Black designated groups; (b) Black people; (c) Women; (d) People with disabilities; or(e) Small enterprises, as defined in section 1 of the National Small Enterprise Act, 1996(Act No. 102 of1996); “Firm Price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition or abolition of customs or excise duty and any other duty, levy or tax which, in terms of a law or regulation is binding on the contractor and demonstrably has an influence on the price of any supplies or the rendering cost of any service, for the executionof a contract; ”Goods and services ” means any work, equipment, machinery, tools, materials or anything of whatever nature to be rendered to SA Express or SA Express delegate by the successful vendor in terms of theproposal; “Government” means the government of the Republic of South Africa; “Historically Disadvantaged Individual” (HDI) means a South African citizen who: Due to the apartheid policy that had been in place, had no franchise in national elections prior to the introduction of the Constitution of the Republic of SouthAfrica; “Management” In relation to an enterprise or business, means an activity inclusiveof control, and performed on a daily basis, by any person who is a principal executive officer of the company, by whatever name that

Commercial Close means the concurrent, full execution and delivery of both the Project Agreement and the HCC Agreement.

Commercial Close means the time at which: the Operator has secured the equity and/or internal shareholder debt financing that is required to fund the construction and commissioning of the Project; and the Operator issues an unconditional notice to proceed for the full scope of work under the engineering, procurement and construction contract (or equivalent) for the Project. Commercial Operation means that: all COD Conditions have either been satisfied by the Operator in accordance with clause 7.1(a) or waived by the Commonwealth; and the Operator has provided to the Commonwealth all notices and accompanying documents referred to in clause 5.1.