Preliminary Operation definition
Examples of Preliminary Operation in a sentence
Keystone shall notify Seller of the Preliminary Operation Date and the Commercial Operation Date immediately upon the determinations of such dates.
Keystone agrees to provide notices to Seller at least quarterly beginning as of the first day of the first calendar quarter beginning after the Financial Closing Date, as to the status of the construction of the Facility and promptly to provide notices to Seller of the estimated specific dates of, and any changes in, either the anticipated Preliminary Operation Date or the anticipated Commercial Operation Date.
It is clarified that during the Preliminary Operation Period, the Concessionaire shall submit and keep valid an irrevocable and unconditional guarantee from a Bank for a sum equivalent to 50% of the O&M Quote for the first Concession Year.
For the avoidance of doubt the scope of the Concessionaire during the Preliminary Operation Period shall be in a phased manner to facilitate a smooth transition of the operations in the Services Area prior to the Initial Operation Period.
The Operation Period Performance Security shall be submitted within 10 (ten) days prior to the Preliminary Operation Period shall be kept valid till the submission of the security for the Initial Operation Period.
No later than 45 (forty five) days prior to commencement of the Preliminary Operation period, the Initial Operation Period, 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 24.
In accordance with the Advance Procurement Plan, the Concessionaire shall procure at its sole cost and expense and maintain in a time bound manner any inventory of material that may be required for operation and maintenance of the Existing Project Facilities during the Preliminary Operation Period and the Initial Operation Period.
The Concessionaire shall effect and maintain at its own cost, during the Preliminary Operation Period, the Initial Operation Period, the Construction Period and the Operation Period, such insurances for such maximum sums as may be required under the Financing Agreements and Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice.
Any maintenance activity to be performed by the Concessionaire during the Preliminary Operation Period shall be done at the cost and expense of the Authority.
Preliminary Operation and Maintenance (O&M) Plan 6 Wind Power Facilities Not Applicable (N/A) 8 Electric System Production Modeling 8-A.