Effectiveness of Certain Obligations Sample Clauses

Effectiveness of Certain Obligations. Prior to the System Integration Date: (i) in no event shall Supplier be obligated to provide Grid Services to Company, or have any other obligations to Company other than those set forth in this Section 21.1(b) (Term and Effectiveness of Certain Obligations), Section 2.2 (Conditions Precedent to Company’s Obligations), Article 11 (Indemnification), Article 12 (Governing Law; Dispute Resolution), Article 13 (Insurance), Article 14 (Force Majeure),and Article 29 (Miscellaneous), and (ii) in no event shall Company be obligated to make any payments provided for herein to Supplier or have any other obligations to Supplier other than those set forth in this Section 21.1(b) (Term and Effectiveness of Certain Obligations), Article 11 (Indemnification), Article 12 (Governing Law; Dispute Resolution), Article 14 (Force Majeure), and Article 29 (Miscellaneous). OPERATIONAL AUDIT
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Effectiveness of Certain Obligations. Only Article 2 (Facility Owned and/or Operated By Seller), this Article 3 (Term of the Agreement); Article 6 (Events of Default; Remedies; Termination), Article 14 (Credit Assurance and Security), as it relates to Development Period Security, Article 15 (Sale and Assignment), Article 18 (Representations and Warranties), Article 19 (Limitations), Article 20 (Indemnification), Article 23 (Financial Compliance), Article 24 (Regulatory Approval), Article 26 (Dispute Resolution), Article 27 (Miscellaneous), Section 3 (Seller Payment to Company for Company-Owned Interconnection Facilities and Review of Facility) of Attachment G (Company-Owned Interconnection Facilities) and the Schedule of Defined Terms of this Agreement shall become effective on the Execution Date. Except where obligations of the Parties are explicitly stated as being effective before the Effective Date, all other portions of this Agreement shall become effective on the Effective Date.
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Effectiveness of Certain Obligations. (1) Upon the Execution Date and prior to the Commercial Operation Date Deadline, under this Agreement: (i) in no event shall Seller be obligated to sell capacity or electric energy to Company (except as provided in Section 2.2(B)(2) below), or have any other obligations to Company other than those set forth in this Section 2.2 (Term; PUC Approval; Null and Void Rights and Company’s Option to Purchase Facility), Section 2.3(A) (Seller Conditions Precedent), Section 3.2(A)(1) (Design and Construction of Facility, General) (only as to obligations with respect to design and acquiring Land Rights), Section EXECUTION VERSIONPuna Geothermal Venture ARTICLE 226 3.2(A)(2) (Milestone Dates), Section 3.2(A)(4) (Seller’s Governmental Approvals and Land Rights) and Section 3.2(A)(5) (Review of Facilities), Article 13 (Indemnification), Article 15 (Insurance), Article 17 (Dispute Resolution), Article 18 (Force Majeure), Article 20 (Assignments and Financing Debt), Article 21 (Sale of Facility by Seller), and Article 25 (Miscellaneous) and Section 1.d. (Seller’s Payment Obligations) of Attachment G (Company-Owned Interconnection Facilities); and (ii) in no event shall Company be obligated to make any payments provided for herein to Seller or have any other obligations to Seller other than those set forth in this Section 2.2 (Term; PUC Approval; Null and Void Rights and Company’s Option to Purchase Facility), Section 2.3(B) (Failure of Seller Conditions Precedent), Section 3.2(A)(4) (Seller’s Governmental Approvals and Land Rights) and Section 3.2(A)(5) (Review of Facilities), and Article 13 (Indemnification), Article 17 (Dispute Resolution), Article 18 (Force Majeure), Article 20 (Assignments and Financing Debt), Article 21 (Sale of Facility by Seller), and Article 25 (Miscellaneous). Until the date Seller achieves Commercial Operation or the Commercial Operation Date Deadline, whichever occurs earlier, such terms, conditions and obligations shall be effective with respect to the 8MW Upgrade only.
Sample 1
Effectiveness of Certain Obligations. Any compensation or severance due the Employee as a result of the premature termination of his employment status shall be paid to him within seven (7) days after termination as one lump sum. No termination or expiration of this Agreement, whether consummated by action of either party or by operation of the terms hereof, shall relieve the Employee from his continued performance of the obligations established under Sections 5 and 6.
Sample 1

Related to Effectiveness of Certain Obligations

  • Suspension of Certain Obligations The Corporation shall not be required to comply with the provisions of subsections (e), (f) or (g) of this Section during any period from the time (i) the Agents shall have suspended solicitation of purchases of the Notes in their capacity as agent pursuant to a request from the Corporation and (ii) the Agents shall not then hold any Notes as principal purchased from the Corporation, to the time the Corporation shall determine that solicitation of purchases of the Notes should be resumed or shall subsequently agree for the Agents to purchase Notes as principal.

  • Survival of Certain Obligations The obligations of Sections 3, 4, 8, 9, 12 and 13 shall survive any termination of this Agreement.

  • Effectiveness of Contract This Contract shall come into effect on the date the Contract is signed by both parties or such other later date as maybe stated in the SCC.

  • Effectiveness of the Agreement This Agreement shall become effective when both the Company and the Representative have executed the same and delivered counterparts of such signatures to the other party.

  • Certain Obligations Whenever this Agreement requires any of the Subsidiaries of any Party to take any action, this Agreement will be deemed to include an undertaking on the part of such Party to cause such Subsidiary to take such action.

  • Conditions to Effectiveness of this Agreement The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent:

  • Assumption of Certain Liabilities (a) Upon the terms and subject to the conditions of this Agreement, Purchaser shall assume, effective as of the Closing, and from and after the Closing Purchaser shall pay, perform, and discharge when due, all the liabilities, obligations, and commitments of Seller arising from or related to the Acquired Assets to the extent such liabilities, obligations, and commitments relate to the period from and after the Closing (the “Assumed Liabilities”).

  • Restrictions on Payment of Certain Debt Make any payments (whether voluntary or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any:

  • Effectiveness of Agreement This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.

  • Suspension of Certain Covenants If at any time after the Issue Date (i) the Notes are rated Investment Grade by each of S&P and Xxxxx’x (or, if either (or both) of S&P and Xxxxx’x have been substituted in accordance with the definition of “Rating Agencies,” by each of the then applicable Rating Agencies) and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and its Restricted Subsidiaries will not be subject to the covenants in Section 4.06, Section 4.07, Section 4.09, Section 4.12, Section 4.13 and Section 5.01(a)(2)(C) (the foregoing, the “Suspended Covenants”). Additionally, during such time as the above referenced covenants are suspended (a “Suspension Period”), the Company will not be permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary. The Company shall promptly upon its occurrence deliver to the Trustee an Officer’s Certificate setting forth the occurrence of any Covenant Suspension Event or Reversion Date, and the dates thereof. The Trustee shall not have any obligation to monitor the occurrence and dates of a Covenant Suspension Event or Reversion Date and may rely conclusively on such Officer’s Certificate. The Trustee shall not have any duty to notify the Holders of any such events or dates. In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) the condition set forth in clause (i) of the first paragraph of this section is no longer satisfied, then the Company and its Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants with respect to future events. On each Reversion Date, all Indebtedness incurred during the Suspension Period prior to such Reversion Date will be deemed to be Indebtedness incurred pursuant to Section 4.06(b)(2). For purposes of calculating the amount available to be made as Restricted Payments under Section 4.07(a)(iii), calculations under such covenant shall be made as though such covenant had been in effect since the Issue Date and prior, but not during, the Suspension Period. Restricted Payments made during the Suspension Period will not reduce the amount available to be made as Restricted Payments under Section 4.07(a). For purposes of Section 4.12, on the Reversion Date, the amount of unutilized Excess Proceeds will be reset to zero. Notwithstanding that the Suspended Covenants may be reinstated, no Default or Event of Default shall be deemed to have occurred as a result of a failure to comply with the Suspended Covenants during a Suspension Period (or on the Reversion Date after a Suspension Period based solely on events that occurred during the Suspension Period).

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