Required Operations definition

Required Operations shall collectively refer to the following on and with respect to Owner conducting its Petroleum Business in the City: (i) Owner retaining and continuing to own or lease sufficient facilities in the City to allow the Petroleum Business to be conducted; (ii) Owner’s operation of the Petroleum Business within the corporate boundaries of the City; and (iii) Owner not transferring or otherwise relocating the retail sales operation or the point of sale as reported to the BOE for the Petroleum Business to another facility or location outside of the City.

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Required Operations has the meaning set forth in Section 6.4.

Required Operations means all Operations and Costs of any kind required to be carried out and incurred to maintain and keep the Assets in good standing and free of default under any governmental or regulatory laws, rules or regulations and shall include, without limitation, any financial assurances required to be posted for environmental clean up purposes by statute or regulation.

Examples of Required Operations in a sentence

• The cumulative amount of liquidated damages for failure to meet the Required Operations Date shall not exceed [Insert maximum liquidated damages amount] .

• The Annual Business Plan and 5 Year Plan shall include the expected capital improvements projected for the Property and operations during the applicable period, but shall in no event include budgets, cost or revenue projections or other financial information of Tenant, except that Tenant shall include within the Annual Business Plan and the 5 Year Plan a budget for costs to be incurred for the Required Operations (excluding the marketplace).

• If for three (3) successive Operating Years or for such shorter period as Kwagga may determine, the Operating Plan reflects only the payment of Required Operations on the Project Area, the Manager shall prepare a shut-down plan for the Mine and a Budget therefor which shall be implemented within ninety (90) days after it is approved, with or without variation, by Kwagga.

• Before distributing any funds or Assets to Kwagga, the Manager shall have the right to segregate amounts which, in the Manager's reasonable judgment, are necessary to discharge continuing obligations (including contingent obligations and Required Operations, including decommissioning and long-term monitoring and care) or to purchase for the account of Kwagga, bonds or other securities for the performance of such obligations.

• Initial Permittee Representative: (§ 3.6) Phone No. Other Agreements: N/A Exhibits: A – Premises Description B – Permitted Use and Required Operations Such exhibits are hereby incorporated herein and made a part hereof.

• As more specifically set forth in Section 4 of the Agreement, Company is required to continuously conduct and operate, or cause to be conducted and operated, the Required Operations on the Site during the entire Operating Period (which means the period commencing on March 1, 2016 and continuing until and expiring on June 30, 2056).

• The insurance coverage under this Section E.2.2 shall be reviewed [●] Days before the Required Operations Start Date.

• As of the Signature Date, the Project Milestones and the required dates for achieving them are as follows: Required Effective Date [] months after Signing Date Required Continuous Construction Date [] months after Effective Date Required Provisional Operations Start Date [] months after Effective Date Required Operations Start Date [] months after Effective Date These dates shall be subject to amendment only in accordance with this Agreement.

• CREH shall, and shall cause its Affiliates (other than the Company) to, cooperate fully with the Company in the procurement and maintenance of, and compliance with, the Required Operations Permits.

• Landlord shall have the right to review all Required Operations at such intervals as it deems appropriate for the sole purpose of ensuring that they are being funded and operated by Tenant as required by this Lease, and shall have the right to give direction to Tenant to correct any deficiencies in such Required Operations as required by the Lease with reasonable notice to allow correction by Tenant of any such deficiencies.

More Definitions of Required Operations

Required Operations means all operations and costs, taxes, fees, outlays and Expenditures required to be incurred therefor to maintain and keep the Exploration Area and Joint Venture Assets, as the case may be, in good standing and free and clear of all Liens, and Hazardous Conditions, and in compliance with the Act, the Laws and the Environmental Standards.

Required Operations. For the purposes of this Section a lease or interest shall be deemed to be expiring or terminating if such lease or interest (or portion thereof outside a producing unit) would expire or terminate within six

Required Operations means, collectively, the following on and with respect to the Site: (i) Company retaining and continuing to own a leasehold and/or ownership interest in all or such lesser portion of the Site sufficient to allow the Business to be conducted; (ii) Company’s operation of the Business on the Site; and (iii) Company not transferring or otherwise relocating all or any portion of the retail sales operation or the point of sale as reported to the SBE for the Business to another facility or location outside of the City. Failure of Company to continuously conduct and operate, or cause to be conducted and operated, the Required Operations on the Site during the entire Operating Period shall entitle City to terminate the Agreement and demand repayment by Company of all previously paid Covenants Consideration in accordance with Subsection 6.b. of the Agreement.

Required Operations has the meaning set out in Clause 4.1(b)(vi); (zz) “Restricted Person” means a person that is: