Examples of Commissioning Period in a sentence
Buyer shall pay Sellers for the Allocated Quantity of Gas supplied during the Commissioning Period at the Gas Price and any Gas deliveries during the Commissioning Period shall be subject to the other provisions of this Agreement excluding Clauses 10 and 11, which shall not apply.
The JOC shall meet not less frequently than semi-annually during the Commissioning Period and the Supply Period in accordance with the schedule determined by the JOC, or at such more frequent intervals as the JOC may decide from time to time.
Subject to Muskrat’s obligations pursuant to the ECA to supply the NS Block to Emera upon the commissioning of three generating units at the MF Plant, Muskrat may designate any Commissioning Period Block not delivered or deferred at the request of NLH pursuant to Section 3.3(a) to form part of the Residual Block.
Muskrat shall apply the Commissioning Period Payments towards payment of Development Capital Costs, which shall have the effect of reducing the costs to be included in calculating the Base Block Capital Costs Recovery.
The Base Block Capital Costs Recovery calculation is at such time fixed based on final determination of Development Capital Costs (net of any Commissioning Period Block Payments), Development Financing Cost, the terms and conditions of the Financing during the Supply Period, and the Commissioning Date.