Contract Tenor definition

Contract Tenor. The duration, in years, of the Contract Delivery Term. The Contract Tenor shall be as stated in Schedule 1 of this Agreement. Contract Year: A 12-month period commencing with the beginning of the Contract Delivery Term and each anniversary thereof within the Contract Delivery Term.
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Contract Tenor. The maximum duration of the Contract Delivery Term. The Contract Tenor under this Agreement shall be [20/25] years; provided that, once the Contract Delivery Term has begun, if a Force Majeure causes the cessation of production or delivery of at least fifty percent (50%) of the Operational Installed Capacity, the Contract Tenor for such portion of the Selected Project affected by such Force Majeure shall be extended on a day-for-day basis for the duration of such cessation of production or delivery. Contract Year: A 12-month period commencing with the beginning of the Contract Delivery Term and each anniversary thereof within the Contract Delivery Term. As used in this Agreement, the phrase “Contract Year” followed by a number shall refer to a discrete Contract Year within the Contract Delivery Term such that “Contract Year 1” refers to the first 12-month period commencing with the beginning of the Contract Delivery Term, “Contract Year 2” refers to the second such 12-month period, and so on.
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Contract Tenor. The maximum duration of the Contract Delivery Term. The Contract Tenor under this Agreement shall be [ ] years.
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Examples of Contract Tenor in a sentence

  • The Contract Tenor under this Agreement shall be [20/25] years; provided that, once the Contract Delivery Term has begun, if a Force Majeure causes the cessation of production or delivery of at least fifty percent (50%) of the Operational Installed Capacity, the Contract Tenor for such portion of the Selected Project affected by such Force Majeure shall be extended on a day-for-day basis for the duration of such cessation of production or delivery.

  • A period that shall commence on the first day of the month after any portion of the Selected Project commences Commercial Operation and end at the earlier of (i) the date upon which the Contract Tenor has elapsed, or (ii) the Outer Limit Date.

  • The hourly rate will resume at the completion of their call-out work.

  • The Contract Tenor shall be as stated in Schedule 1 of this Agreement.


More Definitions of Contract Tenor

Contract Tenor. The maximum duration of the Contract Delivery Term. The Contract Tenor under this Agreement shall be 25 years. Contract Year: A twelve (12)-month period commencing with the beginning of the Contract Delivery Term and each anniversary thereof within the Contract Delivery Term. As used in this Agreement, the phrase “Contract Year” followed by a number shall refer to a discrete Contract Year such that “Contract Year 1” refers to the first twelve (12)-month period commencing with the beginning of the Contract Delivery Term, “Contract Year 2” refers to the second such twelve (12)-month period, and so on.
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