Examples of Operating Phase in a sentence
At beneficial occupancy of any part of the Project, the Owner shall indicate whether such portion of the Project shall be “idled” until substantial completion and entry into the Operating Phase under the Comprehensive Agreement, or may enter into immediate service.
Prior to permitting any interim occupancy of the Leslieville Project, (a) provide or cause the Operating Manager to provide a draft Operating Budget to the Administrative Agent for the Lenders’ approval and obtain the Lenders approval thereof, and (b) appoint the Operating Manager to undertake management (insofar as interim occupancy issues are concerned) of the Leslieville Project during the Operating Phase.
State means: (a) during the D&C Phase, the Minister for Works; and (b) during the Operating Phase, the Governance Agency, and in both the D&C Phase and the Operating Phase, includes the State of Western Australia.
However, it should be appreciated that the Operating Phase of the PPP commenced just over one year ago and for a significant portion of this period was in a transition phase, designed to enable a smooth hand-over.
The Stage 1 Construction Licence will terminate on the grant of the Operating Phase Licence in accordance with Clause 3.5, or on earlier termination.