Commercial Close definition

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and the Signing Parties;

Commercial Close means the execution and signing of the Comprehensive Agreement by Developer and NCDOT.

Commercial Close means the date of the Project Agreement.

Examples of Commercial Close in a sentence

• In respect of the Preferred Proponent, the Sponsors shall be considered to have accepted the Preferred Proponent’s Proposal, including its revised Credit Spread(s) pursuant to RFP Section 5.5 prior to the expiration of the Proposal Validity Period if the Signing Parties and the Preferred Proponent reach Commercial Close prior to the expiration of the Proposal Validity Period (or the extended Proposal Validity Period, if applicable).

• Stage 3 – Implementation of the Project Agreement DocumentsOnce the Preferred Proponent and the Signing Parties have executed the applicable Project Agreement Documents on Commercial Close, the terms and conditions of the Project Agreement Documents shall determine how the Project is to proceed.

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• For greater clarity, the Preferred Proponent shall maintain its prices as set out in its Guaranteed Price Form (as submitted on the Submission Deadline or, if applicable, as amended pursuant to RFP Section5.5 or during any negotiations process pursuant to RFP Section 5.5(6) or RFP Section 8.1) from Commercial Close until Financial Close, subject only to the adjustments on Financial Close in accordance with Section 3.1(b) of the Project Agreement.

• The Pre-Development Phase will conclude upon PA Commercial Close.

More Definitions of Commercial Close

Commercial Close means the execution and delivery of the Agreement by Developer and Department.

Commercial Close means the date the Project Agreement is signed by the Preferred Proponent and Infrastructure Ontario.

Commercial Close means the date on which the Purchase Agreement and Ancillary Agreements are signed; “ConfidentialInformation Provided” has the meaning ascribed to it in Chapter 3 of this RFP; “Cover Letter Format” means the form of the covering letter to a Proposal in the form and substance provided in Chapter 3 of this RFP; “Designated group” means- (a) Black designated groups; (b) Black people; (c) Women; (d) People with disabilities; or(e) Small enterprises, as defined in section 1 of the National Small Enterprise Act, 1996(Act No. 102 of1996); “Firm Price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition or abolition of customs or excise duty and any other duty, levy or tax which, in terms of a law or regulation is binding on the contractor and demonstrably has an influence on the price of any supplies or the rendering cost of any service, for the executionof a contract; ”Goods and services ” means any work, equipment, machinery, tools, materials or anything of whatever nature to be rendered to SA Express or SA Express delegate by the successful vendor in terms of theproposal; “Government” means the government of the Republic of South Africa; “Historically Disadvantaged Individual” (HDI) means a South African citizen who: Due to the apartheid policy that had been in place, had no franchise in national elections prior to the introduction of the Constitution of the Republic of SouthAfrica; “Management” In relation to an enterprise or business, means an activity inclusiveof control, and performed on a daily basis, by any person who is a principal executive officer of the company, by whatever name that

Commercial Close means the date of execution of the DBFM Agreement;

Commercial Close means the concurrent, full execution and delivery of both the Project Agreement and the HCC Agreement.

Commercial Close means reaching an agreement on the commercial terms of a public private partnership contract by the parties to the contract prior to completion of the financing;

Commercial Close means the event that occurs when a contracting authority and a private partner have reached agreement on all terms of the PPPAgreement and the PPP Agreement has been approved by the Cabinet, with the finalisation of the PPPAgreement being subject only to the private partner obtaining financing for the proposed PPP transaction, where such financing is required;