Common use of Commercial Operation Date Deadline Clause in Contracts

Commercial Operation Date Deadline. The Commercial Operation Date shall occur (i) no earlier than the PUC Approval Date described in Section 25.14 (PUC Approval), and (ii) no later than the later of December 30, 2011 or PUC Approval Date. A failure to achieve the Commercial Operation Date within the time specified in Section 8.1A(1) (Events of Default, Default by the Seller) shall be treated in accordance with the provisions of Section 2.4B (Failure to Meet Commercial Operation Date Deadline) applicable to such failure.

Appears in 1 contract

Sources: Power Purchase Agreement (Hawaiian Electric Industries Inc)

Commercial Operation Date Deadline. The Commercial Operation Date shall occur no later than (i) no earlier than January 1, 2022, or (ii) 18 months after receipt of the PUC Approval Date Order described in Section 25.14 25.12 (PUC Approval), and whichever is later (ii) no later than the later of December 30, 2011 or PUC Approval Date“Commercial Operation Date Deadline”). A failure to achieve the Commercial Operation Date within the time specified in Section 8.1A(1) (Events of Default, Default by the Seller) Commercial Operation Date Deadline shall be treated in accordance with the provisions of Section 2.4B 2.4 (Failure to Meet Commercial Operation Date Deadline) applicable to such failureMilestone Dates).

Appears in 1 contract

Sources: Power Purchase Agreement (Hawaiian Electric Co Inc)