Initial Operating Period definition

Initial Operating Period means the period from the commencement of Coke production at the Plant through the last day of the calendar Month following the earlier of (i) the date Provider notifies Off-Taker in Writing that the Plant has demonstrated the commercial capability of producing Coke at the full production level of the capacity of the Plant, or (ii) within one hundred twenty (120) days of the date when Coke production commences at the Plant.

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Initial Operating Period means the period commencing on the Completion Date and ending on the last day of the sixtieth (60) month following such date.

Initial Operating Period means the period commencing upon Cost Certification and ending on the fifth anniversary of the Completion Date.

Examples of Initial Operating Period in a sentence

• Such interface location will be designated by the Parties in good faith at least six (6) Months prior to the commencement of the Initial Operating Period.

• Following the Initial Operating Period, such Steam deliveries shall be in accordance with the Minimum Steam Supply Obligation.

• Provider shall keep Off-Taker regularly informed as to the status of the construction of the Plant and the anticipated commencement of the Initial Operating Period.

• During the Initial Operating Period (i) Provider shall deliver to Off-Taker and Off-Taker shall accept all Conforming Coke Tonnage, and (ii) Off-Taker shall accept any Nonconforming Coke Tonnage delivered by Provider as set forth in Section 5.1(d).

• Following the Initial Operating Period, and for the balance of the Term and, as applicable, the Option Term, Provider shall supply a minimum of ***** lbs/hr of Conforming Steam on an instant (continuous) basis (the “Minimum Steam Supply Obligation”) which, on a net instant basis, equates to ***** MMBTUs/hr based upon the Nominal Conditions.

• Upon completion of construction of the Plant, and during the Initial Operating Period, Off-Taker shall provide, at no cost to Provider, natural gas in such quantities as are reasonably necessary to heat up the coke ovens within the Plant for initial start-up.

• During the Initial Operating Period, Initial Year and each Contract Year, the Pass-Through Expenses shall be included in the Monthly invoice following the Month in which they are respectively incurred, shall be supported by proof as is reasonably satisfactory to Off-Taker, and shall be payable in accordance with Section 3.6(e).

• The Coal Committee shall select the initial Coal Blend at least three (3) Months prior to the commencement of the Initial Operating Period.

• Provider will submit to Off-Taker a production report for each production shift summarizing the Coke quality and Tonnage of Conforming Coke produced as mutually agreed by the Parties at the commencement of the Initial Operating Period.

• Following the Initial Operating Period and throughout the balance of the Term and, as applicable, the Option Term, Provider shall (i) deliver to Off-Taker, and Off-Taker shall accept, all Conforming Coke Tonnage in accordance with the Coke Supply and Purchase Obligation; and (ii) Off-Taker shall accept any Nonconforming Coke Tonnage that is accepted by Off-Taker pursuant to Section 5.1(d)(iii).

More Definitions of Initial Operating Period

Initial Operating Period means that portion of the Initial Operational Year between the Commencement Date and the expiration of the Initial Operational Year;

Initial Operating Period means the time period commencing on the Final Closing Date and terminating on the tenth Anniversary Date.

Initial Operating Period. The 5 year period commencing on the Placed-in- Service Date.