Power Purchase Agreement. A power purchase agreement or other evidence of a binding commitment from the applicable Utility for the purchase of the electricity generated by the Facility, whether existing now or in the future, at a rate not less than $0.238 US per kWh, for a term of not less than twenty (20) years.
Appears in 3 contracts
Samples: Escrow Agreement (Solar Power, Inc.), Solar Development Acquisition and Sale Agreement (Solar Power, Inc.), Security Agreement (Solar Power, Inc.)
Power Purchase Agreement. A power purchase agreement or other evidence of a binding commitment from the applicable Utility for the purchase of the electricity generated by the Facility, and any reservation therefore or right thereto, whether existing now or in the future, at a rate not less than $0.238 US per kWh, for a term of not less than twenty (20) years.
Appears in 2 contracts
Samples: Security Agreement (Solar Power, Inc.), Security Agreement (Solar Power, Inc.)
