Commercial Operation Date definition
Examples of Commercial Operation Date in a sentence
Emergen shall provide the JV with Projects that have reached the Ready-to-Build (“RTB”) or Notice-to-Proceed (“NTP”) stage, upon acceptance by the JV, Emergen shall transfer a Project to the JV upon acceptance by the JV, and thereafter the Parties shall work with the objective of jointly executing, implementing, and advancing these projects through to their Commercial Operation Date (“COD”).
Commercial Operation Date or COD shall mean the date when a B▇▇▇ project is fully constructed, commissioned, tested, and officially begins commercial operations.
Construction Phase shall be the period between the commencement of the Limited Notice to Proceed (“LNTP”) Agreement and the Commercial Operation Date.
Receipt by the Intercreditor Agent of a duly executed certificate of the Borrower certifying that the Commercial Operation Date under each of the Required LNG SPAs then in effect has timely occurred in accordance with such Required LNG SPA.