Operational Phase definition
Operational Phase means the period of this Agreement following the date the treatment plant first comes into operation and produces saleable product of either treated natural gas or liquefied natural gas;
Operational Phase means the period of time that the relevant part of the authorised development is in operation after construction and commissioning is complete, which begins on the date specified in the operational phase notice and “operational” and “operation” should be construed accordingly;
Operational Phase means [●];
Examples of Operational Phase in a sentence
Payment will not be made for turnover services except as part of the fixed price for the Operational Phase of the Contract.
During the Project Operational Phase the Sponsor shall use the Project Premises to house people who would otherwise be homeless, as described in Appendix B, the Internal Review Package and the Management and Operating Plan approved by the Corporation.
The Sponsor shall maintain in force throughout the Project Operational Phase the insurance required pursuant to Section 19.
During the Project Operational Phase the funds deposited in the Operating Reserve Account, along with the interest earned on such funds, shall be withdrawn and used only to meet costs directly connected with the operation of the Project, unless another use is approved in writing by the Corporation, upon the written application of the Sponsor.
During the Project Operational Phase all of the rents and other revenues of the Project shall be applied solely to the costs associated with the Project.
More Definitions of Operational Phase
Operational Phase means the period from March 3, 2018 to the date that the Project ceases operations;
Operational Phase means the time period starting once the first CSD has migrated to T2S;
Operational Phase means the period from the date hereof to the date that the Project ceases operations;
Operational Phase the phase commencing on the Operation Commencement Date and terminating upon termination of the Project Term;
Operational Phase the phase in which the Contractor will deliver the Operational Services, identified as such in the Implementation Plan and commencing from the Operational Service Commencement Date; "Operational Service Commencement Date" The date on which the Operational Services commence as identified in the Implementation Plan;
Operational Phase means the period when the full scope of T2S Services are opera- tional in the T2S production environment, and beginning on the T2S Go-Live Date, as depicted in Annex 1 to this Schedule. ‘Other T2S Specification Doc- uments’ means the set of documents, when added to the T2S Scope De- fining Set of Documents, that provide a full description of T2S. This includes the GFS non-Functional Chapters. ‘Parallel Framework Agree- ment’ means an agreement essentially identical, save for the identity of the parties to the agreement entered into between a Participating CSD and the Eurosystem. ‘Participating CSD(s)’ means the CSD(s) other than the Contracting CSD that have signed this Agreement. ‘Payment Bank’ means a commercial bank used to effect money settlements. In the context of securities settlement, a Payment Bank provides cash on behalf of a CSD participant to support the settlement of securities. ‘Payment Free of Delivery (PFoD)’ means a transfer of cash without the delivery of securities. ‘Physical Connectivity Ser- vices’ means the implementing, maintaining and keeping available of a data communication network for the purpose of exchanging files and messages between the Directly Connected T2S Actors and T2S, as more specifically described in the Licence Agreement. ‘Project Managers Group (PMG)’ means the group established by the Steering Level and composed of the relevant T2S Actors that coordinates and monitors activities to ensure that the initial release as well as subsequent releases of T2S go live, as specified in Schedule 2 (T2S Programme Planning and Monitoring), 3 (User Testing) and 4 (Migration). ‘Pricing’ means the set of rules and procedures that is applied to price the T2S Services and T2S-related services provided by the Eurosys- tem, as described in Schedule 7 (Pricing). ‘Real-time Settlement’ means the continuous process in T2S that settles or attempts to settle instructions that are eligible for settlement on a transaction- by-transaction basis. ‘Regulation (EC) No 45/2001’ means Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2000 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data (OJ L 8, 12.1.2001, p. 1). ‘Release Management’ means the set of rules used and the activities performed to im- plement a set of authorised changes and defect corrections in a new version of the T2S Business Application,...
Operational Phase means the period from the Operational Commencement Date until the date of expiry or termination of this Agreement;