Useful Life of the Project definition

Useful Life of the Project means the period during which the Project can provide or is capable of providing transmission service.
View Source
Useful Life of the Project means the period during which the Project can provide or is capable of providing transmission service, which SCE currently estimates to be approximately fifty-seven (57) years.
View Source

Examples of Useful Life of the Project in a sentence

  • The Recipient agrees that, except as provided in this Agreement, it will not abandon, substantially discontinue use of, lease, sell, transfer ownership of, or dispose of all or a significant part or portion of the Project during the Useful Life of the Project without prior written approval of the Division.

  • No Lease, Sale, Transfer of Ownership, or Disposal of Project.‌ The Recipient agrees that, except as provided in this Agreement, it will not abandon, substantially discontinue use of, lease, sell, transfer ownership of, or dispose of all or a significant part or portion of the Project during the Useful Life of the Project without prior written approval of the Division.

  • The Agreement Term shall commence on the Closing Date and shall terminate at the end of the Useful Life of the Project, which in no event shall be less than twenty (20) years, as required by ▇▇▇▇ ▇▇▇▇, § 72-4A-7, as amended, of the Act.

  • The Recipient owns or has sufficient property rights in the Project property for the longer of the Useful Life or the term of this Agreement, either in fee simple or for a term of years that is not subject to third-party revocation during the Useful Life of the Project.

  • The Agreement Term is not less than the Useful Life of the Project, which is not less than twenty (20) years, as required by ▇▇▇▇ ▇▇▇▇, § 72-4A-7, as amended, of the Act.

  • The Recipient agrees to sufficiently and properly staff, operate and maintain all portions of the System during the Useful Life of the Project in accordance with all applicable state and federal laws, rules, and regulations.

  • This Agreement shall become effective upon the execution and delivery thereof by the Parties hereto and unless terminated pursuant to other provisions of the Agreement, shall continue to be in force for such time until the completion of a period of 25 years (Twenty-Five years) from the Commercial Operation Date of the Project or balance useful life (Balance Useful Life of the Project shall not be less than one year) of project.

  • This Agreement shall continue for the Useful Life of the Project Patents.

  • Each Recipient agrees to sufficiently and properly staff, operate and maintain all portions of such Recipient’s Sewerage System during the Useful Life of the Project in accordance with all applicable state and federal laws, rules, and regulations.

  • The Agreement Term is not less than the Useful Life of the Project, which is not less than twenty (20) years, as required by NMSA 1978, § 72-4A-7, as amended, of the Act.

Related to Useful Life of the Project

  • Cost of the Project means and embraces the cost of construction; the cost of all

  • Scope of the Project shall have the meaning set forth in Clause 2.1;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Date of commencement of the project means the date of the agreement.