Power Purchase Sample Clauses

Power Purchase. The Agreement does not constitute an agreement to purchase or deliver the Applicant’s power nor does it constitute an electric service agreement.
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Power Purchase. 2.1 The SPO agrees to exclusively sell at the Delivery Point to the Consumer and the Consumer agrees to purchase the Contracted Capacity at the Delivery Point at the Tariff, subject to and in accordance with the terms and conditions set forth in this Agreement. For avoidance of doubt, in the event that the SPO is unable to operate the Plant in part or whole for any period of time during the Term for any reason other than a technical failure of the Plant, Force Xxxxxx or reasons attributable to SPO or Contractor, the Consumer shall be liable to compensate the SPO for lost revenues based on preceding 12 (Twelve) months (or, if the disruption occurs within the first 12 (Twelve) months of operation, the normative output for such period as estimated by the SPO) performance history of the Plant.
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Power Purchase. 2.2.14 Hydro will purchase from the Limited Partnership all of the energy and capacity of the Keeyask Generating Station, on the terms set out in the PPA and in Article 10 of this JKDA.
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Power Purchase. The 2007 Cabinet decision determined Eskom as the single buyer within the national IPP process. However, subsequent sets of regulations and on-ground developments have somewhat clouded who is authorised to purchase from private generators. In the IPP procurement framework the ‘procurer’ is not defined and the Draft Second Electricity Regulation Amendment Bill makes provision for ministerial exemption from the single buyer obligation. XXXXX’s Regulatory Rules on Network Charges for Third Party Transportation of Energy (wheeling framework), states that “any load customer shall be free to go into bilateral arrangements with any third-party generator, i.e. non- Municipal and non-Eskom generator” (NERSA, 2012, clause 6.7). This rule, and the Regulator’s licensing of independent power traders to operate in the market, further indicates that bilateral PPAs are allowed. There is nothing stating that municipalities may not engage in such PPAs. However it seems that ministerial exemption/approval would be required for a generator to sell outside of the single buyer model and for the Municipality to enter into a PPA. Wheeling of power across national and municipal networks The Electricity Regulation Act of 2006 (Act No. 40 of 2006) requires that the transmission, distribution and trading functions of electricity be separately licensed and that the transmission or distribution functions shall provide non-discriminatory access to all users of the networks. XXXXX’s Regulatory Rules on Network Charges for Third Party Transportation of Energy (2012) provide guidance on prices and tariffs relating to the wheeling of power. These include guidelines on: General Use-of System Charges, Network Charges, Reliability Service Charge, Service and Administration Charge, Losses Charge and Connection Charges. It also provides direction around ensuring that the subsidy contributions contained within the system charges are included in the wheeling prices. 376 Implementation
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Power Purchase. 3.1 Commencing on the Commencement Date, SELLER shall sell and BUYER shall purchase from SELLER 9.06 megawatthours ("MWh") per hour of firm energy and 9.06 megawatts ("MW") of capacity (currently referred to as ICAP). BUYER shall purchase such power at a purchase price of 5.034 cents per kilowatthour -3- Issued by: Anthony M. Callendrello, Vice President Effective: November 1, 2002 Xxxxxx xx: Xxxx 00, 0002 Great Bay Power Corporation Original Sheet No. 4 First Revised Rate Schedule FERC No. 16 ("kWh") of energy actually delivered to the Delivery Point pursuant to Article 4 below, as adjusted from time to time as set forth in Section 3.3 below (as adjusted, the "Purchase Price").
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Power Purchase. Tenant shall deliver all power generated from the Energy System to Customer at the point of interconnection shown on Schedule A of the Facility Lease.
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Related to Power Purchase

  • Arrangements for Purchases The Manager is authorized to arrange for the purchase by others (including the Manager or any other Underwriter) of any Securities not purchased by any defaulting Underwriter in accordance with the terms of the applicable Underwriting Agreement or, if the applicable Underwriting Agreement does not provide arrangements for defaulting Underwriters, in the discretion of the Manager. If such arrangements are made, the respective amounts of Securities to be purchased by the remaining Underwriters and such other person or persons, if any, will be taken as the basis for all rights and obligations hereunder, but this will not relieve any defaulting Underwriter from liability for its default.

  • Authorization Purchase and Sale Terms of the Sponsor Warrants A. Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants to the Purchaser.

  • Purchase of Notes and Warrants On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Notes and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.

  • Purchase and Sale of Notes and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, secured convertible promissory notes in the aggregate principal amount of up to Three Million Five Hundred Thousand Dollars ($3,500,000), convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in substantially the form attached hereto as Exhibit B (the “Notes”). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), including Regulation D (“Regulation D”), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder.

  • Purchase and Sale of Shares and Warrants Subject to the satisfaction (or waiver) of the conditions to Closing set forth in this Agreement and the Escrow Agreement, each Subscriber shall purchase the Shares and Warrants for the portion of the Purchase Price indicated on the signature page hereto, and the Company shall sell such Shares and Warrants to the Subscriber. The Purchase Price for the Shares and Warrants shall be paid in cash. The entire Purchase Price shall be allocated to the Shares.

  • Notes and Warrants Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, shall purchase from the Company on the Closing Date (as defined below) a Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers along with Warrants to initially acquire up to that aggregate number of Warrant Shares as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers.

  • Purchase and Sale of the Sponsor Warrants (i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 4,666,667 Sponsor Warrants at a price of $1.50 per warrant for an aggregate purchase price of $7,000,000 (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one day prior to the Initial Closing Date in accordance with the Company’s wiring instructions. On the Initial Closing Date, following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Sponsor Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

  • Capacity as Shareholder This Agreement shall apply to Shareholder solely in his or her capacity as a shareholder of Company and it shall not apply in any manner to Shareholder in his or her capacity as a director, officer or employee of Company. Nothing contained in this Agreement shall be deemed to apply to, or limit in any manner, the obligations of Shareholder to comply with his or her fiduciary duties as a director or officer of Company, if applicable.

  • Acknowledgment Regarding Purchasers’ Purchase of Shares The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares. The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

  • Options and Warrants 9 3.07 Absence of Certain Changes or Events...............9 3.08

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