Commercial Operation definition

Commercial Operation means the Conditions of Operation in which the complete equipment covered under the Contract is officially declared by TSECL to be available for continuous operation at different loads upto and including rated capacity. Such declaration by TSECL, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

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Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

Commercial Operation means any operation of an aircraft, in return for remuneration or other valuable consideration, which is available to the public or, when not made available to the public, which is performed under a contract between an operator and a customer, where the latter has no control over the operator;

Examples of Commercial Operation in a sentence

• Commercial Operation Date of a unit shall mean the date on which the Large Generating Facility commences Commercial Operation as agreed to by the Parties pursuant to Appendix E to this Agreement.

• Unless otherwise mutually agreed to by Developer and Connecting Transmission Owner, Developer shall select the In-Service Date, Initial Synchronization Date, and Commercial Operation Date; and either Standard Option or Alternate Option set forth below for completion of the Connecting Transmission Owner’s Attachment Facilities and System Upgrade Facilities and System Deliverability Upgrades as set forth in Appendix A hereto, and such dates and selected option shall be set forth in Appendix B hereto.

• Any Dispute regarding the satisfaction of the conditions for achievement of Commercial Operation, any delay achieving Commercial Operation, the quantum of Delay Damages or Early Termination Amount, the Buyer´s Fraction of the Project Expected Capacity, the Shortfall Capacity and/or Capacity Shortfall Damages shall be referred to an Expert under clause 12 (Governing Law and Dispute Resolution) of the Agreement.

• Subsequent to the Commercial Operation Date, the Developer shall provide Connecting Transmission Owner and NYISO any information changes due to equipment replacement, repair, or adjustment.

• Commercial Operation shall mean the status of a Large Generating Facility that has commenced generating electricity for sale, excluding electricity generated during Trial Operation.

More Definitions of Commercial Operation

Commercial Operation means the date on which the Project becomes commercially operational and placed into service such that all of the following events have occurred and remain simultaneously true and accurate:

Commercial Operation means the Facility is operating and able to produce and deliver the Product to Buyer pursuant to the terms of this Agreement.

Commercial Operation means, solely for purposes of this Agreement, the date on which a material portion of Qualified Property has been installed or constructed on the Land and is capable of generating electricity.

Commercial Operation means the Project is operating and able to produce and deliver the Product to Buyer pursuant to the terms of this Agreement and in the case of Baseload Product, as further provided in Appendix IV-3.

Commercial Operation has the meaning ascribed to it in Section 2.5.

Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by OPTCL to be available for continuous operation at different loads for periods mentioned in the specification so as to relieve the Contractor of his obligations for such operation under the Contract.

Commercial Operation means the date that the first electricity produced by a facility is delivered for commercial sale to the power grid.