Operation Period definition

Operation Period means the period commencing from COD and ending on the Transfer Date;
Operation Period means the period commencing from COD till the end of the Agreement Period or till termination, in case of premature termination;
Operation Period means the period commencing from the date of issue of Completion Certificate and ending at the end of 360th months from that date unless terminated earlier or modified subject to Articles 18 and 23;

Examples of Operation Period in a sentence

  • Upon Termination on account of Implementation Agency’s Default during the Operation Period, the Implementation Agency shall be liable to return the amount of Grant already availed from the Authority.

  • The Implementation Agency shall effect and maintain at its own cost, during the Construction Period and the Operation Period, such insurances for such maximum sums as may be required under the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice.

  • During the Operation Period, the Implementation Agency shall operate and maintain the Project in accordance with this Agreement, Good Industry Practice, Applicable Laws and Applicable Permits at its own cost and expense.

  • Provided further that the Parties hereby acknowledge that no Force Majeure Costs shall be due or payable by either of the Parties on account of Force Majeure Event occurring during the Operation Period.

  • Provided further that the Parties hereby acknowledge that they shall not be entitled to terminate this Agreement on account of Force Majeure Event during the Operation Period.


More Definitions of Operation Period

Operation Period. The period beginning on the day immediately following Acceptance.
Operation Period means the period commencing from COD and ending on the date of Termination of this Agreement;
Operation Period means the period commencing from Commercial Operation and ending on the Transfer Date;