Ramp-up Phase definition

Ramp-up Phase means, with respect to any Project or Permitted Minority Investment Project, the twelve (12) month period commencing on the later of (i) the month in which such Project or Permitted Minority Investment Project has reached commercial operation and (ii) the month in which the initial distribution of Cash is made by the relevant Restricted Operating Company Subsidiary or Permitted Minority Investment Company to a Credit Party following commercial operation.
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Ramp-up Phase means, with respect to any Project, the twelve (12) month period commencing on the later of (i) the month in which such Project has reached commercial operation and (ii) the month in which the initial distribution of Cash is made by the relevant Restricted Operating Company Subsidiary to a Credit Party following commercial operation.
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Ramp-up Phase means, with respect to any Project or Permitted Minority Investment Project, the twelve (12) month period commencing on the later of (i) the month in which such Project or Permitted Minority Investment Project has reached commercial operation and (ii) the month in which the initial distribution of Cash is made by the relevant Restricted Operating Company Subsidiary or Permitted Minority Investment Company to a Credit Party following commercial operation. -37-CREDIT AGREEMENT (PATTERN REVOLVER)
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Examples of Ramp-up Phase in a sentence

  • Persons who have been involved with the HBP during the Ramp-up Phase can be considered for the DG position only if any potential conflicts of interest are resolved to the satisfaction of the SB.


More Definitions of Ramp-up Phase

Ramp-up Phase means the interim period after formation where INFITEQ revenues will not be sufficient to cover expenses incurred to provide adequate Management Services under contract, as specifically set forth in EXHIBIT C to this Agreement. (k) "REVENUE FLOW MODEL" shall mean the method of revenue distribution within INFITEQ as set forth in EXHIBIT D(i). (l) "WORKING AGREEMENTS" shall mean the multi-party service level agreements that are anticipated to be put in place with each Customer Contract. 2.
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Ramp-up Phase shall have the meaning set forth in clause 6 of Schedule 3.
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Ramp-up Phase in Section 1.1 is hereby amended and restated as follows:
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Ramp-up Phase means, with respect to any Project or Permitted Minority Investment Project, the twelve (12) month period commencing on the later of (i) the month in which such Project or Permitted Minority Investment Project has reached commercial operation and (ii) the month in which the initial distribution of Cash is made by the relevant Restricted Operating Company Subsidiary or Permitted Minority Investment Company to a Credit Party following commercial operation. CREDIT AGREEMENT (PATTERN REVOLVER) definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standards No. 5).
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Ramp-up Phase means the period from the Nesaea Issue Date to the Principal Crystalisation Date, being 22 March 2006. Each Senior VFN bears interest on its Principal Amount Outstanding whereas the Junior VFN bears interest in an amount equal to that set forth under Condition 5.3, from (and including) the Nesaea Issue Date, payable in arrears on the 20th day or if such day is not a Business Day the immediately preceding day that is a Business Day of the months of April, July, October and January (each a “Nesaea Payment Date”) in respect of the Nesaea Interest Period ending immediately prior thereto. The first Nesaea Payment Date was 20 May, 2005 (the “First Nesaea Payment Date”). The period from and including the Nesaea Issue Date to but excluding the First Nesaea Payment Date is referred to herein as the “Nesaea Initial Interest Period” and each successive period from and Rate of Interest of the Senior VFNincluding a Nesaea Payment Date to but excluding the next succeeding Nesaea Payment Date is referred to as a “Nesaea Interest Period”.Interest under the Senior VFN in respect of the Nesaea Initial Interest Period and any Nesaea Interest Period will be calculated on the basis of the actual number of days elapsed and a 360 day year.Nesaea Finance will not be obliged to gross-up or otherwise compensate the VFN Noteholders which are the subject of any Decree 239 Deduction for the lesser amounts the VFN Noteholders will receive as a result of the imposition of such Decree 239 Deduction or otherwise compensate the VFN Noteholders for any other deduction or withholding imposed by law.Interest under the VFN shall cease to accrue on each of the VFN immediately after the Nesaea Legal Maturity Date unless payment of principal due and payable but unpaid is improperly withheld or refused, whereupon interest shall continue to accrue on such principal (as well after as before judgement) at the rate from time to time applicable to the VFN until the monies in respect thereof have been received by the relevant VFN Noteholders or, as the case may be, by the Representative of the VFN Noteholders on behalf of the relevant Senior VFN Noteholders.The rate of interest payable from time to time in respect of the Senior VFN (the “Rate of Interest of the Senior VFN”) will be determined by the Nesaea Calculation Agent two Business Days prior to the first day of the relevant Interest Period (being, for the avoidance of doubt, the Interest Period applicable to the Notes) (each a “Senior VFN Interest...
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Related to Ramp-up Phase

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Development Phase means the period before a vehicle type is type approved.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Design Phase means the period during which the Transporter shall prepare a draft project proposal for publication in accordance with section 4.3;

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

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

  • Phase 3 Trial means a human clinical trial of a Product on a sufficient number of subjects that is designed to establish that a pharmaceutical product is safe and efficacious for its intended use, and to determine warnings, precautions and adverse reactions that are associated with such pharmaceutical product in the dosage range to be prescribed, which trial is intended to support Approval of a Product, as described in 21 C.F.R. 312.21(c) for the United States, or a similar clinical study prescribed by the Regulatory Authorities in a foreign country.

  • Stage 1 means the area at Port Xxxxxxx which is the subject of this Agreement and of the ERMP and which is shown bordered in purple as “stage 1” on Department of Land Administration 4 Miscellaneous Plan No. 1743;

  • Phase III means Phase I (or Phase I/II), Phase II (or Phase II/III) and Phase III clinical trials, respectively, in each case as prescribed by applicable FDA IND Regulations, or any corresponding foreign statutes, rules or regulations.

  • Phase 1 means the first implementation phase of this section, beginning June 1, 2018 and ending May 31, 2022.

  • Phase 3 means the period commencing on the day after the Phase 2 implementation date and ending on the Phase 3 implementation date (as defined below).

  • Design flow means the average annual flow or average daily flow specified in an approved facilities plan or approved plans and specifications, the flow specified in a WPDES permit, or the flow required to meet performance standards.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Maintenance Programme shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Phase IIb Clinical Trial means a clinical trial of a Product on sufficient numbers of patients that is designed to provide a preliminary determination of safety and efficacy of such Product in the target patient population over a range of doses and dose regimens.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Maintenance Test means the maintenance test set out in Clause 12.1 (Maintenance Test).

  • Stage 2 means the construction of the second hotel and other developments facilities and amenities referred to in the Development Proposals;

  • Phase 2 Clinical Trial means a human clinical trial of a product in any country that would satisfy the requirements of 21 C.F.R. 312.21(b) and is intended to explore a variety of doses, dose response, and duration of effect, and to generate initial evidence of clinical safety and activity in a target patient population, or a similar clinical study prescribed by the relevant Regulatory Authorities in a country other than the United States.

  • Phase II Trial means a clinical trial of a Licensed Product on patients, including possibly pharmacokinetic and dose ranging studies, the principal purposes of which are to make a preliminary determination that such Licensed Product is safe for its intended use and to obtain sufficient information about such Licensed Product’s efficacy to permit the design of further clinical trials, and generally consistent with 21 CFR §312.21(b), or its successor regulation, or the equivalent in any foreign country.