Examples of Target Service Commencement Date in a sentence
If Service Commencement is achieved after the Target Service Commencement Date, then the first Service Payment will be for the relevant Payment Period, or prorated portion thereof, indicated for the time after the Target Service Commencement Date, and Project Co will not be entitled to any Service Payment for Payment Periods, or prorated portions thereof, between the Target Service Commencement Date and the Service Commencement Date.
Project Co will make this space available for Storage during the period commencing not later than four months before the Target Service Commencement Date and ending no earlier than 30 days after the Service Commencement Date.
Not less than one year before the Target Service Commencement Date, the Authority and Project Co will establish, and will maintain throughout the Operating Period, a joint liaison committee (the " Operating Period Joint Committee") consisting of the Operating Period Representatives and such other members as the parties may agree from time to time.
The ASP agrees that it will use all commercially reasonable efforts, acting diligently, to achieve Service Commencement on or before the Target Service Commencement Date.
If Service Commencement is achieved after the Target Service Commencement Date, then the initial Service Payment will be for the relevant Payment Period, or prorated portion thereof, indicated for the time after the Target Service Commencement Date and Project Co will not be entitled to any Service Payment between the Target Service Commencement Date and the Service Commencement Date.
Some of these have no application to the family debt scheme (since they are concerned with the trusts used in the home loan scheme which are not replicated in the family debt scheme) but it is to be expected that, in the current climate, the family debt scheme will be challenged when HMRC have a suitable case, presumably primarily on the basis that there is a ROB in the loan.
Project Co will require the Equipment Procurement Schedule to allow adequate time to achieve the matters contemplated by this Appendix without any adverse effect on Design and Construction (including Design and Construction to accommodate the Project Co Procured Equipment) and without any adverse effect on Project Co’s ability to achieve Service Commencement by the applicable Target Service Commencement Date.
The Payment Periods identified in Appendix 8D [Life Cycle Payment] assume that Service Commencement will be achieved by the Target Service Commencement Date and the Payment Periods are expressed numerically in terms of the Payment Periods starting from the Target Service Commencement Date.
The Service Commencement Date may be a different date from the Target Service Commencement Date specified in the Service Order.
For greater certainty, Project Co will not be entitled to any amount under this Section if the Change does not cause a delay in Service Commencement, including in circumstances where Project Co has updated the Target Service Commencement Date without obtaining the Authority’s consent where required by Section 10.2 of Schedule 2 [Design and Construction Protocols].