Operating Period definition

Operating Period means the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement;

Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

Operating Period means the period from the later of the Commercial Operation Date and the Scheduled COD to the Termination Date;

Examples of Operating Period in a sentence

• Once a project achieves Commercial Operation, the amount of required security (Operating Period Security) will be the same as the required amount of Development Period Security.

• Bidders will be required to post Development Period Security and Operating Period Security.

• The Parties agree that if Seller has posted more than one type of Credit Support to Buyer, Seller can, in its sole discretion, select the type of Credit Support for Buyer to return; provided, however, that Buyer shall not be required to return the specified Credit Support if immediately after such return, Seller would be required to post additional Credit Support pursuant to the calculation of Operating Period Security.

• Buyer shall return any undrawn amount of the Development Period Security to Seller within thirty (30) days after the later of (x) Buyer’s receipt of an undisputed notice from Seller that the Commercial Operation Date has occurred or (y) Buyer’s receipt of the full amount of the Operating Period Security.

• In the event Company receives notice from the issuing bank that a letter of credit for the Development Period Security or Operating Period Security will be cancelled or is set to expire and will not be extended, Company shall endeavor, but shall not be obligated, to provide Seller with notice of such cancellation or termination.

More Definitions of Operating Period

Operating Period means a period of time of not less than three consecutive months and that oc- curs not more than one month prior to applying for an alternative emission limitation demonstration period under 40 CFR 76.10, as amended through December 19, 1996, during which the owner or oper- ator of an affected unit that cannot meet the applicable emission limitation:

Operating Period means, in respect of the Wind Project, the period commencing on the Commercial Operation Date (however titled) under any power purchase agreement to which the Project Company is a party.

Operating Period means the period between the Service Commencement Date and the Termination Date;

Operating Period means, in respect of the Project, the period commencing on COD.

Operating Period means each annual period commencing on the Commencement Date and on each anniversary thereof.

Operating Period means the period commencing on the Commercial Operation Date and ending on the Discharge Date.

Operating Period means the time from Traffic Availability (including the day Traffic Availability is achieved) until the end of the Term;