Initial Operator Performance Bond definition

Initial Operator Performance Bond means a bond, letter of credit or other surety from a financial institution rated AA or better by Standard & Poor’s and in a form acceptable to TBCC in an aggregate amount of not less than One Million Dollars ($1,000,000) obtained by Operator pursuant to Section 3.5.
Sample 1

Examples of Initial Operator Performance Bond in a sentence

  • Prior to undertaking any Operator Activities or any activities permitted by the License Agreement, Operator, at its sole cost and expense, shall secure, and shall maintain throughout the term of this Agreement and the License Agreement, the Initial Operator Performance Bond in order to secure Operator’s obligations under this Agreement and the License Agreement.

  • Arch Coal shall have the rights granted under this Agreement to call upon the Initial Operator Performance Bond.

  • The Initial Operator Performance Bond shall survive the termination of this Agreement until Operator has either satisfied all obligations under this Agreement or has replaced the Initial Operator Performance Bond with the Operator Performance Bond pursuant to the provisions of the Operating Agreement.

  • The terms of the Initial Operator Performance Bond shall prohibit any amendment, revision, waiver or termination without the express written consent of Arch Coal.

Related to Initial Operator Performance Bond

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Capacity Performance Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(a).

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Additional Performance Security means the Bank Guarantee to be submitted by Successful Bidder in accordance with Clause 8.7 of this RFP Document

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • SWS wage assessment agreement means the document in the form required by the Department of Education, Employment and Workplace Relations that records the employee’s productive capacity and agreed wage rate

  • Class II renewable energy means electric energy produced at a

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • 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.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Class I renewable energy means electric energy produced from

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.