Target COD definition
Examples of Target COD in a sentence
Seller shall be in default under this PPA if the Facility fails to achieve COD by the Target COD (“COD Delay”).
Each of the CC Longstop Date, Target COD, and COD Longstop Date will be extended for a reasonable period if an event of force majeure or a change in law delays Generator in the development or construction of the facility.
Liquidated Delay Damages shall begin to accrue on the Day after the Target COD (as it may be extended due to Force Majeure) until the first to occur of COD or termination of this PPA pursuant to Section 12.2(C) below.
If Seller is the Affected Party, the Target COD shall be extended day for day for the duration of the effects of a Force Majeure Event.
If FM delays the commencement of construction or the occurrence of commercial operation, then the CC Longstop Date, Target COD, and COD Longstop Date will be extended for such reasonable period of delay directly resulting from such FM event.