Phase 2 definition

Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

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Phase 2 means the second implementation phase of this section, beginning June 1, 2022 and continuing thereafter.

Phase 2 means a human clinical trial of a Licensed Compound, the principal purpose of which is a determination of safety and efficacy in the target patient population, which is prospectively designed to generate sufficient data that may permit commencement of pivotal clinical trials, or a similar clinical study prescribed by the Regulatory Authorities, from time to time, pursuant to Applicable Law or otherwise, including the trials referred to in 21 C.F.R. §312.21(b), as amended.

Examples of Phase 2 in a sentence

Receipt by the Intercreditor Agent of evidence that the Obligors have received from FERC a notice, order or other written communication authorizing it to place facilities comprising the Phase 1 Project Facilities and the Phase 2 LNG Facility in service, and that the Phase 1 Project Facilities and the Phase 2 LNG Facility shall have been placed in service.
Only one Phase 2 Milestone Payment shall be payable under this Agreement, and in no event shall both the Threshold A Phase 2 Milestone or the Threshold B Phase 2 Milestone be payable under this Agreement.
Receipt by DOE of Phase 2 offtake agreements covering at least 50% of the Phase 2 production capacity as described by the Base Case Financial Model reasonably acceptable to DOE and, in the case of any such offtake agreement that is a Major Project Document, such agreement shall be in form and substance either (a) substantially similar (or better) to the existing offtake agreements of the Borrower that are Major Project Documents or (b) otherwise reasonably acceptable to DOE.
Project Phase 1 Completion Date and on or Prior to the Project Phase 2 Completion Date)”.
If on a future date the calculation of the Phase 2 Equity Cap would be equal to $150 million, then the Phase 2 Equity Cap would be decreased by the product of $200 million (the difference between the Phase 2 Equity Cap as originally calculated and the calculation of the Phase 2 Equity Cap on such future date) and 10%.

More Definitions of Phase 2

Phase 2 means the time period beginning the date a Facility is turned over to Owner and ending on the date of Substantial Completion of Subproject 1.

Phase 2 means Phase 2A and Phase 2B;

Phase 2 means the period commencing on the day after the Phase 1 implementation date and ending on the Phase 2 implementation date (as defined below); and

Phase 2 means a controlled human clinical trial of a compound or product that would satisfy the requirements of 21 CFR 312.21(b) or its foreign equivalents.

Phase 2 has the meaning set forth in the recitals.

Phase 2 means a research contract to deliver the full CRACK IT Challenge;

Phase 2 means all elements of the Development relating to the Island Site, proposed Class A1 (retail use), Class C3 (residential use) and Class D1 (community use); “Occupation of Phase 1” means ‘residential occupation’;