Completion Test Period definition

Completion Test Period means a period of no less than ninety (90) consecutive days (i) commencing on a date specified by the Borrower that is on or after the Mechanical Completion Date and (ii) concluding no later than the Economic Completion Longstop Date; provided that the Completion Test Period cannot commence until:
Completion Test Period has the meaning set forth in Appendix B to the Completion Agreement.
Completion Test Period is a period of 100 continuous days during which the Borrower’s production facilities operate for 90 days or more, ending on or before the Limit Completion Date, provided that downtime of up to 240 hours during this period will not require the test to be restarted. The Completion Test shall be prospective in nature; the Borrower shall inform the Technical Agent and Independent Engineer at least 15 days prior to start of the scheduled test. The Independent Engineer shall be on site for the commencement and scheduled completion of the Completion Test, with further visit mid-way through the Completion Test Period as deemed appropriate by the Independent Engineer and the Technical Agent. The Completion Test may be stopped at the discretion of the Borrower and restarted at any point, with the approval of the Technical Agent and the Independent Engineer which shall not be unreasonably withheld, prior to the Limit Completion Date. Should a stopped Completion Test be restarted then a new prior notification to the Technical Agent and Independent Engineer shall be required. Satisfaction of the Completion Test shall require delivery of the completed certifications in the forms attached as Appendix B-1 through Appendix B-6 to the Completion Agreement. The Technical Agent shall receive certificates B-1 through B-4 and B-6 in accordance herewith. Certificate B-5 shall be delivered directly to the Administrative Agent. Upon receipt and review of certificates B-1 through B-4 and B-6, the Technical Agent shall deliver the certificates to the Administrative Agent together with a notification of its conclusions as to whether the relevant documentary components of the Completion Test have been satisfied. In performing the Completion Test, the Borrower will conduct the required sampling and assaying in accordance with standard international mining practices. All weight measures referred to in certificates submitted in connection with the Completion Test will be on a dry basis. Measurement of moisture content will be made to adjust the weightometer and other records to a dry basis. The sampling locations and laboratory assay procedures will be verified by the Independent Engineer. In cases where a materiality assessment is required, the Technical Agent, acting on behalf of the Secured Parties, may determine in concert with the Independent Engineer and the Borrower appropriate materiality thresholds. During the Completion Test Period, the Borrower shall operate the Project in acc...

Examples of Completion Test Period in a sentence

  • The Purchaser shall be entitled to have representatives present during any Completion Test in accordance with Section 7.5. Solely with respect to the Completion Tests contemplated in Section 5.2, no Completion Test Period may overlap with another Completion Test Period.

  • There are no indications of a mechanical failure of any Well or any material failures subsisting at any Wells at the conclusion of any Operational Completion Test Period.

  • All Environmental and Social Standards applicable to all of the operations of the Project are in place and have been adhered to during the applicable Completion Test Period to the extent required by clause 25.11 ( Environmental and Social Matters) of the Facility Agreement.

  • If at any time during the Completion Test Period (as defined in Scenario 1, paragraph (a) below) the Loans outstanding under the Facility exceed $150,000,000, then Scenario 2 shall apply.

  • At the end of the relevant Completion Test Period, the Independent Technical Consultant is satisfied that there is no material technical factor or environmental issue regarding the Project which is likely to prevent it continuing to operate as set out in the Financial Model.


More Definitions of Completion Test Period

Completion Test Period is a period of 100 continuous days, ending on or before December 31, 2008 (the “Limit Completion Date”), during which the Borrower’s production facilities operated for 90 days or more, provided that downtime of up to 240 hours during this period will not require the test to be restarted.
Completion Test Period the meaning given to such term in the Full Completion Production Certificate or the Partial Completion Production Certificate, as the case may be.

Related to Completion Test Period

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Relevant Test Period means, with respect to any Loan Asset, the relevant test period for the calculation of Net Leverage Ratio or Interest Coverage Ratio, as applicable, for such Loan Asset in the Loan Agreements or, if no such period is provided for therein, for Obligors delivering monthly financing statements, each period of the last 12 consecutive reported calendar months, and for Obligors delivering quarterly financing statements, each period of the last four consecutive reported fiscal quarters of the principal Obligor on such Loan Asset; provided that with respect to any Loan Asset for which the relevant test period is not provided for in the Loan Agreement, if an Obligor is a newly-formed entity as to which 12 consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth calendar month or fourth fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last 12 consecutive reported calendar months or four consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Final Completion Date means the date on which Final Completion occurs.

  • Project Completion Date means the date on which the Provisional Certificate is issued and, in the event, no Provisional Certificate is issued, the date on which the Completion Certificate is issued;

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.

  • Final Completion means the date determination certified by A/E and Owner that the Work is fully and satisfactorily complete in accordance with the Contract.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Project Year means each period of twelve (12) months during the Contract Period beginning with the Commencement Date; and

  • Test Period means, for any determination under this Agreement, the four consecutive fiscal quarters of the Borrower then last ended.

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • Subproject means a specific activity carried out under Part 1 of the Project, financed or proposed to be financed through a Subproject Grant (as hereinafter defined).

  • LCT Test Date has the meaning assigned to such term in Section 1.06.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Guaranteed Substantial Completion Date means the date, as set forth in the applicable Pricing Amendment, by which Design-Builder shall achieve Substantial Completion of the applicable Deliverable Portion of Work.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Final Measurement Period means the five Index Business Days from and including the Calculation Date, subject to adjustment as provided in Section 3 hereof.

  • LCA Test Date has the meaning assigned to such term in Section 1.06.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

  • Construction Period means the period commencing on the commencement date and ending on the date of practical completionClause 1.1 Definition of "Corrupt Practice" is added:

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.