Operation of the Project Sample Clauses

Operation of the Project. During the Project Operational Phase the Project Premises shall be operated in accordance with the provisions of this Agreement and: (i) the Project description, operating budget and other documents set forth in Appendix B and the Internal Review Package; (ii) the management and operating plan as defined in Section 15 below, to be approved by the Corporation prior to commencement of occupancy of the Project Premises, or, where premises are already occupied, prior to any payment under this Agreement, and periodically thereafter throughout the Project Operational Phase; (iii) any restrictive deed covenants affecting the Project Premises; and (iv) any applicable federal, State or local law, regulation or ordinance governing the operation of the Project and Project Premises. The foregoing are deemed incorporated by reference as part of this Agreement.

Operation of the Project. (i) Seller shall operate and maintain the Project in accordance with Prudent Utility Practice and Applicable Law in order to maximize the Storage Contract Capacity and the Discharging Energy available from the Project. If the Storage Facility is curtailed due to Force Majeure, by the Transmission Provider or Reliability Entity, or for any reason other than Buyer’s actions or omissions, Buyer shall not be obligated to pay for any curtailed Discharging Energy and Seller will not be liable for any failure to deliver such Discharging Energy. (ii) Seller shall ensure that personnel capable of starting, operating, and stopping the Project are either available at the Project or capable of remotely starting, operating, and stopping the Project within 10 minutes, and capable of being physically present at the Project with no more than two hours’ notice. In all cases, Seller shall ensure that personnel capable of starting, operating, and stopping the Project can be reached by phone at all times.

Operation of the Project. Phase(s)

Operation of the Project. So long as the Company operates the Project, it will operate the Project as an "industrial project" within the meaning of the Act as of the date hereof, and as "facilities for the local furnishing of electric energy or gas" as contemplated by Section 142(a)(8) of the Code, as such respective terms are defined as of the date of this Agreement.

Operation of the Project. Borrower shall at all times operate the Project as an affordable housing apartment rental facility in compliance with all Requirements.

Operation of the Project. 21.2.1 The Concessionaire shall at all times procure that: (a) the hours of availability of all services provided by the Project conform to Good Industry Practice and are posted on the Hospital Website and displayed prominently in the Project; (b) all the Healthcare Services as may be required in accordance with Good Industry Practice and Applicable Laws, are available 24 (twenty four) hours a day and on all days in the year; (c) the OPD Services are available at the Hospital in accordance with Clause 22.4; (d) Emergency Services are available at the Hospital at all times with adequately trained Human Resource to provide these Emergency Services; and (e) all lifts, public address systems and lighting systems function efficiently.

Operation of the Project. In the event that either (a) Contractor has not conducted a successful Phase I Performance Test within 30 days after the Target Phase I Mechanical Completion Date or (b) Contractor has not conducted a successful Performance Test within 30 days after the Target Mechanical Completion Date, then Owner shall have the right to operate and maintain the Phase I Portion of the Project or the entire Project, as applicable, prior to completion of the applicable Performance Test to produce activated carbon and (with respect to the Balance of the Project) electricity, in each case, for the benefit of Owner, subject to the following conditions: (a) All costs of such operation and maintenance that would be borne by Owner after Final Completion (including but not limited to costs of supplies, feed stock, chemicals, fuels and lubricants, operating personnel, overhead, debt service, taxes and transportation) shall be borne by Owner during this period of interim operation and maintenance, and (b) This right of Owner shall not operate to, or be construed to, delay, limit, prevent or in any way impede Contractor’s right to control the Project in order to conduct additional Performance Tests at its discretion.

Operation of the Project. The Project shall at all times be operated in a manner consistent with the charitable status of the Foundation. The Foundation’s determination of whether (a) the Project is operated in a manner consistent with the charitable status of the Foundation and (b) all expenditures are for charitable uses and purposes shall be conclusive.

Operation of the Project. Seller will continue to operate and maintain the Project in accordance with present standards. Seller shall perform, when due, all of Seller’s obligations under the Leases. Seller shall deliver the Project at Closing in substantially the same condition as it is on the Contract Date, reasonable wear and tear excepted. None of the Personal Property or fixtures owned by Seller shall be removed from the Project, unless replaced by personal property or fixtures of equal or greater utility or value. Subject to Section 10.B hereof, Seller will not further encumber or grant any material interest in the Project.