Operation Commencement Date definition

Operation Commencement Date the first Business Day after the expiry of the Development Period, by which date the Private Party shall be required, alternatively be deemed, to have commenced the conduct of the Business, as the case may be, at the Geelbek Restaurant and with related tourism activities in accordance with the terms and conditions of this PPP Agreement; 2.1.50 “Park Management Plan” - the management plan developed by SANParks for the Protected Area in consultation with the local authorities, organs of state and other stakeholders and approved by the Minister as provided for in the Protected Areas Act, the objective of which is to ensure the protection, conservation and management of the Protected Area in a manner which is consistent with the objectives of the Protected Areas Act and the purpose for which the Protected Area was declared a national park in terms of the Protected Areas Act; 2.1.51 “Park Manager” - the most senior manager of the Protected Area, designated as such by SANParks from time to time; 2.1.52 “Park Rules” - the Environmental rules in respect of the Protected Area, as may be revised and/or updated by SANParks from time to time; 2.1.53 “Parties” - collectively, SANParks and the Private Party;
Operation Commencement Date the first Business Day after the expiry of the Development Period, by which date the Private Party shall be required, alternatively be deemed, to have commenced the conduct of the Business, as the case may be, at the Spa Facility in accordance with the terms and conditions of this PPP Agreement; 2.1.50 “Park Management Plan” - the management plan developed by SANParks for the Protected Area in consultation with the local authorities, organs of state and other stakeholders and approved by the Minister as provided for in the Protected Areas Act, the objective of which is to ensure the protection, conservation and management of the Protected Area in a manner which is consistent with the objectives of the Protected Areas Act and the purpose for which the Protected Area was declared a national park in terms of the Protected Areas Act; 2.1.51 “Park Manager” - the most senior manager of the Protected Area, designated as such by SANParks from time to time; 2.1.52 “Park Rules” - the Environmental rules in respect of the Protected Area, as may be revised and/or updated by SANParks from time to time; 2.1.53 “Parties” - collectively, SANParks and the Private Party; 2.1.54 “Party” - SANParks or the Private Party, as the case may be; 2.1.55 “Performance Bond” - the guarantee to be issued by a financial institution in favour of SANParks on behalf of the Private Party, in respect of the Private Party's obligations to perform under this PPP Agreement substantially in the format specified in Schedule 11 hereto; 2.1.56 “Person” - any individual, partnership, corporation, company, business organisation, trust, governmental agency, parastatal, Relevant Authority or other entity; 2.1.57 “PFMA” - the Public Finance Management Act, No. 1 of 1999, as amended from time to time; 2.1.58 “PPP” - public private partnership, as defined in the Treasury Regulations; 2.1.59 “PPP Agreement” - this public private partnership agreement between SANParks and the Private Party, including the Schedules and any annexures hereto as amended, extended, replaced and varied from time to time; 2.1.60 “PPP Fee” - the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 18; 2.1.61 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5;
Operation Commencement Date means the first date upon which all of the conditions precedent set forth in the Agreement shall be satisfied or waived as agreed to in writing by the Parties pursuant to the Agreement.

Examples of Operation Commencement Date in a sentence

  • Effective Date is defined as the earlier of Operation Commencement Date or 12 (twelve) months from Signature Date.

  • The Private Party recognises and acknowledges that SANParks, on the termination of this PPP Agreement after the Operation Commencement Date for whatever reason, requires continuity in the conducting of the Project.

  • There will be no PPP Fees payable before Effective Date with Effective Date defined in the PPP Agreement as the date following a specific development period from the Signature Date or Operation Commencement Date, whichever comes first.

  • The Private Party shall supply SANParks with an electrical certificate of compliance (CoC) within the month of the 9th anniversary of the Operation Commencement Date.

  • Bid Bonds must be valid from Bid Submission until the Operation Commencement Date.

  • Such accreditation will be compulsory and should be obtained within 12 months from Operation Commencement Date and renewed thereafter on an annual basis.

  • The Project shall commence on the Operation Commencement Date, and shall endure for the Project Term which is ten (10) years.

  • The total number of fixed broadband lines fell in 2016, resulting from the growth of LTE-based mobile broadband.

  • The Parties shall give each other prompt notice when all of the conditions precedent to the Operation Commencement Date has been achieved.

  • There will be no PPP Fees payable before Effective Date with Effective Date defined as “12 (twelve) months after the Signature Date or Operation Commencement Date, whichever comes earlier”.


More Definitions of Operation Commencement Date

Operation Commencement Date means the starting date of commercial operation of the Project Facilities for their respective intended uses after Completion of the Project (for the avoidance of doubt, the starting date of the operation of both the casino and the hotel facilities).
Operation Commencement Date the first Business Day after the expiry of the Development Period, by which date the Private Party shall be required, alternatively be deemed, to have commenced the conduct of the Business, as the case may be, at the Nkuhlu Picnic Site Facility in accordance with the terms and conditions of this PPP Agreement;
Operation Commencement Date means the date following the date on which the Authority issues, or is deemed to have issued, the Performance Certificate under Section 5.3, whichever is the earlier. [“Operator Fees” are the fees to be paid to the Operator for Services as set out in section [ ] and Schedule 8.]4 “Operator Staff” has the meaning assigned to it in Section 8.3. 1Assuming that operator will have direct relationship with customers (ie will collect user fees (either on its own behalf or on behalf of Authority 2Depending on arrangements with financiers, financiers are likely to want to take a charge over the Revenue Collection Account and to be paid ahead of the Operator. These ar- rangements may be set out in a separate financing agreement but may also be referred to in the BOT agreement 3See footnote 22 4Only relevant in cases where the operator is collecting revenue on behalf of the authority or is only permitted to keep a portion of the proceeds for its own account and leave some in an escrow account that can then be put towards expansion of the system
Operation Commencement Date is the date (i) the “Approval to Operate” is granted by the AZDHS (as hereinafter defined); and (ii) the Manager is entitled to Management Fees as described in Section 2 (b) (v) (1).
Operation Commencement Date means the 30th („Thirtieth‟) day from the Effective Date or such other date as may be mutually agreed upon between the Resolution Applicant and the members of the CoC who consent to this resolution Plan when physical control of the Corporate Debtor shall be handed over to the Resolution Applicant
Operation Commencement Date means February 3, 2006.

Related to Operation Commencement Date

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Billing Commencement Date means the earlier of:

  • Offering Commencement Date means the first day of each Offering Period.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Commencement Date means the date fourteen (14) days after the date the Contract comes into effect or any other date named in the Contract Data.

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Recommencement Date As defined in Section 6(d) hereof.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Annuity Commencement Date means the first day of any month upon which an annuity begins under the Contract. However, for any Participant, this date shall not be later than the required beginning date as defined in the applicable sections of the Code and Regulations issued thereunder.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Issuer Call Commencement Date means the date specified as such in the definition of the relevant Series in the applicable Final Terms;