Commercial Operations definition

Commercial Operations means the generation of electricity or other energy product for commercial use, sale, or distribution.

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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).

Commercial Operations means the date on which the Project described in the Application for Value Limitation Agreement becomes commercially operational and capable of being placed into service, such that it has been constructed and is capable of producing electricity and achieving a Qualifying Investment of no less than $20 million dollars.

Examples of Commercial Operations in a sentence

• Commencing on the Commercial Operations Date and ending on the last day of the Term, Buyer shall purchase the Buyer’s Percentage of all Net Metering Credits that are generated by the Solar Energy Facility.

• The initial operating fee payment covers the first year of Commercial Operations on the lease and will be calculated in accordance with subsection (4) below, using an operating fee rate of 0.02 and a capacity factor of 0.4.

• The term of this Sublease shall commence on the Effective Date and shall continue until the date that is twenty five (25) years after the first day of the first month following the month in which the Commercial Operations Date (as defined in the CPA) occurs (the "Sublease Term").

• The In-Service Date and Commercial Operations Date can only be extended in accordance with the requirements set forth in Attachment X of the NYISO OATT.

• The Lessee must pay the operating fee for each subsequent year of Commercial Operations on or before each Lease Anniversary following the formula in subsection (4) below.

More Definitions of Commercial Operations

Commercial Operations means the date on which the Project described in the Application for Value Limitation Agreement becomes commercially operational and capable of being placed into service, such that it has been constructed and is capable of manufacturing products from natural gas liquids.

Commercial Operations means the generation of electricity or other energy product for

Commercial Operations means that the Project has become commercially operational and placed into service for the purpose of generating electricity for sale on one or more commercial markets.

Commercial Operations means the commercial use of the Bus Terminal Facility by charging, demanding, collecting, retaining and appropriating the User Charges.

Commercial Operations means the generation of electricity or other energy product for commercial use, sale, or distribution. “Commercial Operation Date,” or “COD,” refers to the date on which the Lessee first begins Commercial Operations on the lease.

Commercial Operations means the date on which all of the principal units included in the project described in the Application become commercially operational and placed into service, such that all of such units included in the project have been constructed, tested, and received all necessary permits to operate, have commenced commercial operations of receiving feedstocks and converting them into usable products for later sale or processing as intended by the final project design.

Commercial Operations means the use of the Project Facilities for commercial purposes by the levy, charging, demanding, collecting, realizing, retaining and appropriating of Tariff;