Completion Test definition
Completion Test means in respect of a Developing Asset, the tests as agreed between the Original Borrower and the Technical Bank (acting reasonably) and approved by the Majority Lenders (acting reasonably) which must be completed to show that such asset should reasonably be considered to be a commercially producing asset (being substantially equivalent to the date of commencement of commercial production under applicable Project Agreements) in order for that Developing Asset to be included in the Borrowing Base Assets as a Developed Asset.
Completion Test means the milestone achieved by the Project marking the end of the design, development and construction phases of the Project Development Lifecycle, and the start of the operational phase. The test confirms the Project’s ability to perform as planned and generate the expected cash flows. For Projects requiring an Independent Environmental and Social Consultant, completion from an environmental and social perspective will only occur when the Independent Environmental and Social Consultant has deemed that the Project meets all the required performance criteria as defined by the Project-specific Environmental and Social Requirements.
Completion Test means the completion tests set forth in Schedule H.
Examples of Completion Test in a sentence
The Completion Certificate shall be deemed to be accepted, and Completion shall be deemed to have occurred, once each condition set forth in the Completion Test has been satisfied in the manner set forth in Schedule H hereto.
More Definitions of Completion Test
Completion Test means the requirements described on Schedule III.
Completion Test means the Equipment Test and Regasification Test.
Completion Test. [REDACTED: Commercially Sensitive]. “Completion Test Notice” has the meaning set out in Section 5.1(a). “Confidential Information” has the meaning set out in Section 8.4(a).
Completion Test means the final completion test in respect of the Camino Rojo Project set forth in Schedule M.
Completion Test means any Works Completion Test and any Operational Completion Test; Compliance Certificate means a certificate in the form set out in the Annexure to Schedule 12 (Service Requirements); Compliant Tender is defined in Schedule 18 (Calculation of Compensation on Termination); Compliant Tenderer is defined in Schedule 18 (Calculation of Compensation on Termination);
Completion Test means the conditions and tests set out in means the conditions and tests set out in Part 3 of Schedule 11 (Completion Tests)
Completion Test has the meaning set forth in Section 2.01.