Operation Period definition

Operation Period means the period commencing from COD and ending on the Transfer Date;

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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 COD till the end of the Agreement Period or till termination, in case of premature termination;

Examples of Operation Period in a sentence

• The Concessionaire 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 Financing Agreements and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice.

• During the Operation Period, the Concessionaire shall operate and maintain the project facilities in accordance with this Agreement.

• No later than [45 (forty-five)] days prior to commencement of the Construction Period or the Operation Period, as the case may be, the Concessionaire shall by notice furnish to the Authority, in reasonable detail, information in respect of the insurances that it proposes to effect and maintain in accordance with this Article 23.

• The Concessionaire shall procure that at all times during the Operation Period, the Project Facilities are maintained in accordance with the provisions of this Agreement, Applicable Laws, Applicable Permits and Good Industry Practice (the “Maintenance Requirements”), as more specifically set out in Schedule I.

More Definitions of Operation Period

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;

Operation Period. The period beginning on the day immediately following Acceptance.

Operation Period the period from the Operation Commencement Date to the Expiry Date, unless this PPP Agreement is terminated earlier in accordance with its terms;

Operation Period means the period commencing on the Closing Date and ending on the date this Agreement expires in accordance with its terms, or if earlier, on the Termination Date.

Operation Period means period starting from Commercial Operation Date till expiry of Concession Period or Termination as the case may be;

Operation Period means the period commencing from COD;

Operation Period means the period from the Commercial Operation Date till the issuance of Vesting Certificate by the Authority.