Commercial Operation Guaranteed Date definition

Commercial Operation Guaranteed Date means December 12th 2015 (as may be extended due to Events of Force Majeure or delays due to Principal, but only to the extent expressly provided in this Agreement), provided that Principal has delivered the Full Notice to Proceed no later than April 7, 2015; notwithstanding the foregoing, it is understood and agreed that in order for Principal to deliver the Full Notice to Proceed, Contractor shall have already procured the performance and payment bonds described in Section 10.7 hereof and in the event that Contractor fails to procure such bonds prior to April 6, 2015, then Principal shall be released from the obligation to deliver the Full Notice to Proceed prior to such date (although the December 12th, 2015 Commercial Operation Guaranteed Date will remain in full force and effect, as may be extended due to Events of Force Majeure or other delays due to Principal to the extent expressly provided in this Agreement);
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Examples of Commercial Operation Guaranteed Date in a sentence

  • MERO Form 33-1125 Certification of Service of Documents, may be utilized for this purpose.

Related to Commercial Operation Guaranteed Date

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • 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 Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Commercial Operator means the person appointed by MDL as commercial operator of the Maui Pipeline from time to time.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Completion Guaranty means the Completion Guaranty of even date herewith executed by Guarantor in favor of Lender in connection with the Capital Improvement Work and the Loan, as amended from time to time.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Date of Commercial Operation or “COD” means

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Billing Commencement Date means the earlier of:

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.