Test Commencement Date definition
Examples of Test Commencement Date in a sentence
In accordance with and subject to the terms and conditions of this Agreement, including Section 4.1(i) above, commencing on the Test Commencement Date and continuing through the end of the Term, Seller shall sell to TVA, and TVA shall purchase from Seller, any and all right, title, and interest in and to the Energy Output generated from the Project and delivered to the Delivery Point.
The Owner shall notify the Design-Builder of its election pursuant to this Section not later than 15 days of receipt of the Design-Builder Acceptance Test Commencement Date Notice.
In accordance with and subject to the terms and conditions of this Agreement, commencing on the Test Commencement Date and continuing through the end of the Term, Seller shall transfer to TVA, and TVA shall receive from Seller, any and all right, title, and interest in and to Environmental Attributes and associated RECs, as applicable, equal to the amount of Energy Output that is generated by the Project and delivered to the Delivery Point.
If the Owner elects under this subsection to exercise its right to direct the timing of the commencement of the Acceptance Test, the Design-Builder shall commence the Acceptance Test on the Specified Acceptance Test Commencement Date in accordance with subsection 4.6(B) (Owner Notice of Acceptance Test Commencement) and the provisions of this Section shall apply.
The Design-Builder shall commence the Acceptance Test on the Specified Acceptance Test Commencement Date in accordance with the specific requirements set forth in Section 4.3 (Acceptance Testing) and Appendix 7 (Acceptance Test Requirements and Procedures).
The Design-Builder shall provide the Owner with at least 30 days’ prior written notice of the expected initiation of the Acceptance Tests in accordance with the requirements of Appendix 7 (Acceptance Test Requirements and Procedures) (the “Design-Builder Acceptance Test Commencement Date Notice”).
In accordance with and subject to the terms and conditions of this Agreement, commencing on the Test Commencement Date and continuing through the end of the Term, Seller shall sell and deliver to LUB, and LUB shall purchase and receive from Seller, any and all right, title, and interest in and to the Energy Output at the Delivery Point.
Notwithstanding anything to the contrary contained in the preceding two sentences, if at any time on or after March 6, 2003 (the "Coverage Test Commencement Date"), the Debt Service Coverage Ratio based on a rolling historic annualized three (3) month period shall be 1.65x or greater, then the Indemnification shall be deemed to have terminated, and shall thereafter be null and void, and PMCF shall have no further obligations under the Indemnification.
From and after the Coverage Test Commencement Date, the Master Servicer shall calculate the Debt Service Coverage Ratio on a monthly basis.
In accordance with and subject to the terms and conditions of this Agreement, commencing on the Test Commencement Date and continuing through the end of the Term, LUB shall have any and all right, title, and interest in and to Environmental Attributes and associated RECs, as applicable, equal to the amount of Energy Output.