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.