Operating Date definition
Examples of Operating Date in a sentence
Commencing from the Partial Operating Date, on or before the last day of each Fiscal Month during the Term.
Within sixty (60) days following each twelve (12) month period after the Commercial Operating Date (each a “Contract Year”), the Parties shall compare the System’s generating capacity for such immediately preceding Contract Year with the Minimum Guaranteed Annual Energy Production for that same Contract Year.
Reservation Cost in the extent incurred after the Partial Operating Date).
Vendor {Contractor} warrants that during the Term of this PPA, the System shall provide the Minimum Guaranteed Annual Energy Production listed on the Bid Proposal Form, attached hereto as Exhibit 6, each twelve (12) month period after the Commercial Operating Date.
Failure to achieve the Full Commercial Operating Date by the Long Stop Full Commercial Operating Date.
If the Full Commercial Operating Date is not achieved by the Long Stop Full Commercial Operation Date, other than in the circumstances described in Clause 11.1.1 of this Agreement, the Buyer shall be entitled to terminate the Agreement.
In the event that either or both: (1) KTU Commercial Operations commence on a date which is beyond the KTU Scheduled Operating Date; and (2) TME Commercial Operations commence on a date which is beyond the TME Scheduled Operating Date, the Company shall set aside certain amounts from the revenue generated from the Mass Transit Railway for funding network improvements in the Mass Transit Railway.
Contingent Interest shall accrue on the unpaid principal amount hereof on and after the Initial Operating Date.
At such time that either this Agreement terminates or the Authority experiences a Fixed Charge Coverage Ratio of at least 2.5 to 1.0 during the same period consisting of four consecutive fiscal quarters beginning after the Initial Operating Date for the Facility has occurred, the Letter of Credit shall be cancelled and the Authority shall promptly return it to the L/C Provider.
The Issuer shall cause the proceeds of any Additional Notes issued before the Initial Operating Date to be deposited into the Construction Disbursement Account and such proceeds will be advanced pursuant to this Agreement.