How is Commencement of Commercial Operations defined in a legal contract?
- Commencement of Commercial Operations means the marked date when operations have initiated. Seen in 7 SEC filings
- Commencement of Commercial Operations means the initial instance of the operation's performance. Seen in 3 SEC filings
- Commencement of Commercial Operations means the kick-start of delivering services on a commercial basis. Seen in 2 SEC filings
- Commencement of Commercial Operations means the point in time when the first charge of a particular substance is directed to a particular process. Seen in 2 SEC filings
- Commencement of Commercial Operations means the first fiscal year that the new facility is first available for use by the taxpayer, or first able to be used by the taxpayer, in the revenue-generating entity in which the taxpayer intends to use the new facility. Seen in 2 SEC filings
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
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Which definition should you use?
π€ has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Commencement of Commercial Operations means the marked date when operations or services have started.
Relevant Contract Types
Relevant Circumstances
- Starting a new Business venture
- Beginning a franchise operation
- Start of a lease period
Relevant Sectors
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Genie Definition 2
- Commencement of Commercial Operations means the first fiscal year that a new facility or service is available for use in a revenue-generating entity.
Relevant Contract Types
Relevant Circumstances
- Acquisition of commercial assets
- Start of manufacturing services
- Start of lease in a commercial property
Relevant Sectors
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