Commercially Operable with respect to the Project, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete, and the Project has been released by the EPC Contractor to Seller for commercial operations.
Commercially Operable with respect to any Unit, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete, the Unit has been shown by an Initial Capacity Test, adjusted to ISO Conditions or Peak July Conditions as applicable, to be capable of delivering at least 98% of the Design Capacity as set forth in Appendix II or July Design Capacity, respectively, to the grid on a sustained basis, and the Unit has been released by the contractor to Seller for commercial operations. “Commercial Operation Date” the date on which each and every Unit at the Facility has become Commercially Operable.
Commercially Operable with respect to the Project, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete, and the Project is capable of Commercial Operation, as such term is defined in the CAISO Tariff.
Examples of Commercially Operable in a sentence
Within sixty (60) days of completion of a Project Modification, Seller shall certify that the Project is Commercially Operable by providing Buyer a signed Project Modification Certification, as found at Appendix VII-E.
Waple, Acting Secretary, Federal Communications Commission, “An Inquiry Into the Administrative and Regulatory Problems Relating to the Authorization of Commercially Operable Space Communications Systems: First Report,” FCC Report 61-676, 4774, Docket No. 14024, May 24, 1961.
On or before the Commercial Operation Deadline, Seller shall have caused the Project to become Commercially Operable.
In this section, please include information on the status of activities related to preparations of the Project to become Commercially Operable, including equipment testing, commissioning, release to operations, requirements of the grid operator, and any other activities that must be conducted before the Project may deliver Energy to the grid and/or declare the Project Commercially Operable.
Seller hereby certifies and represents to Buyer the following: (1) The Project became Commercially Operable on [ ].
More Definitions of Commercially Operable
Commercially Operable with respect to the Facility, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete, the Facility has been shown by an Initial Performance Test, adjusted to ISO Conditions, to be capable of delivering at least ninety-nine percent (99%) of the Design Capacity as set forth in Appendix II to the grid on a sustained basis, and the Facility (including each and every Unit) has been released by the EPC Contractor to Seller for commercial operations.
Commercially Operable means the construction and testing of the Cogen Facility is substantially complete and it is capable of producing electricity for synchronization with, and delivery into, the transmission system of Alabama Power Company.
Commercially Operable means that the Project has been constructed, tested, and is fully capable of operating for the purpose of generating electrical energy as contemplated in this Agreement.
Commercially Operable with respect to the Project, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete, the Project has been shown by an Initial Performance Test to be capable of delivering at least ninety-nine percent (99%) of the Design Duration Energy as set forth in Appendix II to the CAISO Grid on a sustained basis, and the Project has been released by the EPC Contractor to Seller for commercial operations.
Commercially Operable with respect to each Seller Unit, is a condition occurring after such time as Mechanical Completion has occurred, commissioning is complete and the Seller Unit has been released by the EPC Contractor to Seller for commercial operations.
Commercially Operable with respect to any Unit, is a condition occurring after the Unit has been shown by an Initial Capacity Test, adjusted to ISO Conditions or Peak July Conditions as applicable, to be capable of delivering at least 98% of the Design Capacity as set forth in Appendix II or July Design Capacity, respectively, to the grid on a sustained basis, and the Unit has been released by the contractor to Seller for commercial operations. “Contract Capacity” is the amount of Capacity offered by the Seller as set forth in Appendix II, which shall be equal to the Design Capacity of the Units, reasonably adjusted (if necessary due to the technology of the Units) for Average Monthly Conditions.
Commercially Operable means, with respect to the Facility, a condition occurring after such time as mechanical completion has occurred, commissioning is complete, the Facility has been released by the EPC contractor to Seller for commercial operations, and permission to operate has been formally obtained from the applicable transmission or distribution utility If Seller anticipates that it will not be able to timely satisfy a Critical Milestone or the Commercial Operation Milestone, Seller shall submit to Buyer no later than thirty (30) days prior to the relevant deadline a remedial action plan (“Remedial Action Plan”), which will describe in detail the actual delay, any anticipated delay beyond the scheduled deadline, the cause of the delay, and Seller’s proposed course of action to achieve the missed deadline, any subsequent Critical Milestones, and the Commercial Operation Date by the Expected Commerical Opeation Date. So long as Seller complies with its obligation to deliver a Remedial Action Plan, Seller shall not be considered in default of its obligations under the Agreement solely as a result of failing to timely satisfy a Critical Milestone. In the event Seller misses any Critical Milestones and cannot reasonably demonstrate a plan for completing the Facility by the Guaranteed COD, Buyer shall have the right to terminate the PPA and retain the Development Security as damages, in addition to any other remedies it may have at law or equity. Expected Commercial Operation Date: Seller reasonably expects to achieve Commercial Operation by the following date [_______] (the “Expected Commercial Operation Date”).