Common use of Application of Certain Payments Under the Power Purchase Agreement Clause in Contracts

Application of Certain Payments Under the Power Purchase Agreement. The Board of Directors shall review, modify and approve recommendations of the Project Manager as to the application of any payments or amounts received by SCPPA from the Performance Security or as a result of Default by the Power Purchase Provider under the Power Purchase Agreement; provided that such payments and amounts shall be applied to one or more of the purposes set forth in Section .

Application of Certain Payments Under the Power Purchase Agreement. The Board of Directors shall review, modify modify, and approve recommendations of the Project Manager as to the application of any payments or amounts received by SCPPA from the Performance Security any source or as a result of a Default by the Power Purchase Provider under the Power Purchase AgreementAgreement or other non- compliance with the Power Purchase Agreement as provided therein; provided that such payments and amounts shall be applied to one or more of the purposes set forth in Section 4.3 to the credit of Purchaser and the other SCPPA Participants in proportion to their respective Participant Facility Products Cost Share.

Application of Certain Payments Under the Power Purchase Agreement. The Board of Directors shall review, modify and approve recommendations of the Project Manager Coordinating Committee as to the application of any payments or amounts received by SCPPA from the Performance Security any source or as a result of Default by the Power Purchase Provider under the Power Purchase Agreement; provided that such payments and amounts shall be applied to one or more of the purposes set forth in Section 4.3 to the credit of Purchaser and the other SCPPA Participants in proportion to their respective Participant Facility Output Cost Share.

Application of Certain Payments Under the Power Purchase Agreement. The Board of Directors shall review, modify and approve recommendations of the Project Manager as to the application of any payments or amounts received by SCPPA from the Performance Security any source or as a result of Default by the Power Purchase Provider under the Power Purchase Agreement; provided that such payments and amounts shall be applied to one or more of the purposes set forth in Section Section4.3.