Facility COD definition

Facility COD means mean the date on which RIPET (i) commences commercial operations, and (ii) has been certified by ▇▇▇▇▇▇ Island LPG Export Limited Partnership as achieving “Substantial Completion” in accordance with the engineering, procurement and construction agreement for RIPET;
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Examples of Facility COD in a sentence

  • If the Transmitter Connection Costs are adjusted subsequent to Contract Facility COD, the Supplier shall forthwith provide written evidence thereof to the Buyer.

  • If Party B reduces the Quantity as provided in the last paragraph of Section 3.4, the capacity payment with respect to each Generating Facility which failed to achieve commercial operations prior to Generating Facility COD Termination Date shall be reduced by $358,000 for each 43 MWhs per hour reduction in the Quantity so effected by Party B.

  • The Arbitration Panel shall be required to deliver its award prior to the Milestone Date for Contract Facility COD.

  • If the Facility COD has not occurred on or before June 1, 2022 (the “COD Deadline”), then SRP may terminate this Agreement by delivering written notice (a “Termination Notice”) to Customer at any time prior to the Facility COD.

  • The Facility COD is expected to occur on or about December 31, 2021.

  • The reduction in the Contract Capacity set out in this Section 4.3 shall take effect on Contract Facility COD, provided that there is no Supplier Event of Default as of Contract Facility COD.

  • SRP will provide Customer with periodic updates on the construction status of the Facility, and will use commercially reasonable efforts to promptly notify Customer if SRP learns of any event or circumstance that will delay, or is reasonably likely to delay, the Facility COD beyond the COD Deadline.

  • To the extent that the amount of the Guarantee requirement increases or decreases from time to time in accordance with this Article 6, the amount of the Letter of Credit shall correspondingly be required to be decreased or increased, respectively, so that the total amount of the Completion and Performance Security held by the Buyer at all times from and after the Contract Facility COD remains in an aggregate amount as required pursuant to Section 6.1.

Related to Facility COD

  • Facility C means the term loan facility made available or (as the case may be) to be made available under this Agreement as described in paragraph (c) of Clause 2.1 (The Facilities).

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.