Deemed Completion definition

Deemed Completion means the occurrence of each of the following events: (i) the completion of the installation of the Facility in all material respects (other than punch list items), and (ii) a delay of the commencement of the Initial Performance Tests, or interruption of an ongoing Initial Performance Tests, for a period of at least fifteen (15) consecutive Days as determined under Section 3.4 (Extensions of Time), arising out of a PREPA Risk Event, in each case as evidenced by the delivery of a certificate by Resource Provider to PREPA, co-signed by the Consulting Technical Expert, certifying (A) the truth and correctness of each of the foregoing events, and (B) the date on which Resource Provider would have achieved Commercial Operation but for the occurrence of a PREPA Risk Event, which formed the basis for an extension of time of the Guaranteed Commercial Operation Date under Section 3.4 (Extensions of Time); provided that Deemed Completion shall never occur earlier than the Guaranteed Commercial Operation Date.
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Deemed Completion means the occurrence of each of the following events: (i) the completion of the integration of the GSDS with the Grid System in all material respects, including the recruitment and enrollment of Participants, and (ii) a delay in the commencement of the Initial Performance Tests, or interruption of an ongoing Initial Performance Test, for a period of at least fifteen (15) consecutive Days as determined under Section 3.4 (Extensions of Time), arising out of a PREPA Risk Event, in each case as evidenced by the delivery of a certificate by Resource Provider to PREPA, co-signed by the Consulting Technical Expert, certifying (A) the occurrence of each of the foregoing events, and (B) the date on which Resource Provider would have achieved Commercial Operation but for the occurrence of a PREPA Risk Event which formed the basis for an extension of time of the Guaranteed Commercial Operation Date under Section 3.4 (Extensions of Time); provided that Deemed Completion shall never occur earlier than the Guaranteed Commercial Operation Date.
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Examples of Deemed Completion in a sentence

  • The Phase-I and Phase-II or the Additional Capacity, as the case may be, shall be deemed to be complete when the Completion Certificate or Deemed Completion Certificate, as the case may be, is issued under the provisions of Article 14, and accordingly the commercial operation date of such Phase or the Additional Capacity, shall be the date on which such Completion Certificate or the Deemed Completion Certificate, as the case may be, is issued (the “COD”).

  • Subject to and in accordance with the terms of this Agreement, and as evidence by issuance of Completion Certificate or the Deemed Completion Certificate, as the case may be, is issued under the provisions of Article 15 and the Letter of Permission is obtained to commence operations.

  • For the sake of clarity, Orders that meet the Deemed Completion criteria on or before the 14th of a month will be paid on the last day of that month.

  • Orders that meet the Deemed Completion criteria after the 15th of a month (but before the last day of that month) will be paid on or before the 15th day of the following month.

  • Upon (i) execution of the Technology and Process Transfer Memorandum referred to in Section 4.7.4 above or (ii) Deemed Completion referred to in Section 4.7.8 above, and for a period of [**] thereafter, Translate Bio shall use Commercially Reasonable Efforts to provide reasonable assistance to Sanofi in connection with manufacturing of Products, at Sanofi’s expense, and upon Sanofi’s reasonable request.

  • The Development Obligations shall be deemed to be complete when the Completion Certificate or the Deemed Completion Certificate, as the case may be, is issued under the provisions of Article 14 (the “Project COD”).

  • Sanofi will pay Translate Bio a one-time payment of ten million dollars ($10,000,000.00) following the earlier of (a) execution of the Technology and Process Transfer Memorandum in accordance with Section 4.7.4 or (b) Deemed Completion as provided for in Section 4.7.8 (the “Technology and Process Transfer Milestone”).

  • The Phase I, shall be deemed to be complete when the Completion Certificate for the Phase I or Deemed Completion Certificate for the Phase I, is issued under the provisions of Article 14, and accordingly the commercial operation date of Phase I, shall be the date on which such Completion Certificate for the Phase I or the Deemed Completion Certificate for the Phase I, as the case may be, is issued (the "COD" or "Commercial Operation Date").

  • The Company will make payment in favor of the Distributor that meet the Deemed Completion criteria on two set days of each month, namely on the 15th and the 30th of each month, except otherwise date is not agreed by the Parties.

  • Within thirty (30) days after the Leasehold Improvements Deemed Completion Date, Landlord shall furnish Tenant a final accounting of the disbursement of the Improvement Allowance.