Operational Period definition
Examples of Operational Period in a sentence
Notwithstanding anything in this Section 23 to the contrary, the retirement of any Project Component shall not result in the retirement or removal from service of any facilities or portion of such Project Component that constitute Auxiliary Facilities with respect to any other Project Component as to which the Operational Period has not ended or with respect to any Additional Non-Project Facilities.
IPA has appointed Los Angeles as Project Manager and Operating Agent to construct, operate and maintain the Project during the Operational Period of each respective Project Component in accordance with the Construction Management and Operating Agreement.
IPA will be responsible for planning, negotiating, designing, financing, constructing, insuring, contracting for, administering, operating and maintaining the Project to effectuate during the Operational Period each respective Project Component and the delivery and sale of such share of capacity and energy and associated services thereof to Purchaser.
During the Operational Period of any Project Component, each Purchaser with a Point of Delivery on the Northern Transmission System, each Purchaser with a Point of Delivery on the Southern Transmission System and any Purchaser having designated the Project bus as its Point of Delivery shall have the right to use the Switchyard, if it is also operational, for its Generation Entitlement Share of the Available Generating Capability.
At all times during the Operational Period of the Generation Station, Purchaser shall be entitled to schedule for its account energy (other than test energy) from the Generation Station up to an amount equal to the product of its Generation Entitlement Share multiplied by the Available Generating Capability of the Generation Station.