Common use of Recovery from sale of Contracted Capacity Clause in Contracts

Recovery from sale of Contracted Capacity. 12.2.1 In the event the Supplier is unable to recover its Tariff through the Letter of Credit, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the Aggregator. For the avoidance of doubt, the Parties expressly agree that the Supplier shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator and the surplus remaining, if any, shall be appropriated for recovery of its dues from the Aggregator.

Appears in 4 contracts

Samples: Draft Agreement, Draft Agreement, Draft Pilot Agreement

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Recovery from sale of Contracted Capacity. 12.2.1 13.3.1 In the event the Supplier is unable to recover its Tariff through the Default Escrow Account and the Letter of Credit, as the case may be, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the AggregatorUtility. For the avoidance of doubt, the Parties expressly agree that the Supplier shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Utility and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorUtility.

Appears in 3 contracts

Samples: Default Escrow Agreement, Model Agreement, www.upcl.org

Recovery from sale of Contracted Capacity. 12.2.1 13.3.1 In the event the Supplier is unable to recover its Tariff through the Letter of Credit, as the case may be, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the AggregatorUtility. For the avoidance of doubt, the Parties expressly agree that the Supplier shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Utility and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorUtility.

Appears in 3 contracts

Samples: www.upcl.org, www.upcl.org, www.upcl.org

Recovery from sale of Contracted Capacity. 12.2.1 In the event the Supplier Aggregator is unable to recover its Tariff through the Letter of Credit, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier Aggregator shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its payment dues from the AggregatorUtility. For the avoidance of doubt, the Parties expressly agree that the Supplier Aggregator shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Utility and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorUtility.

Appears in 3 contracts

Samples: Power Supply Agreement, Power Supply Agreement, Power Supply Agreement

Recovery from sale of Contracted Capacity. 12.2.1 12.3.1. In the event the Supplier is unable to recover its Tariff through the Letter of Credit, Credit and if the Tariff or part thereof remains unpaid for a period of 1 more than 90 (oneninety) month days from the Payment Due Datedate of submission of Monthly Invoice, then notwithstanding anything to the contrary contained in this Agreement, the Supplier shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the AggregatorProcurer. For the avoidance of doubt, the Parties expressly agree that the Supplier shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Procurer and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorProcurer.

Appears in 1 contract

Samples: Power Purchase Agreement

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Recovery from sale of Contracted Capacity. 12.2.1 13.3.1 In the event the Supplier is unable to recover its Tariff through the Letter of Credit, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the Aggregator. For the avoidance of doubt, the Parties expressly agree that the Supplier shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator and the surplus remaining, if any, shall be appropriated for recovery of its dues from the Aggregator.

Appears in 1 contract

Samples: Draft Agreement

Recovery from sale of Contracted Capacity. 12.2.1 12.3.1 In the event the Supplier Aggregator is unable to recover its Tariff through the Letter of Credit, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier Aggregator shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its payment dues from the AggregatorUtility. For the avoidance of doubt, the Parties expressly agree that the Supplier Aggregator shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Utility and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorUtility.

Appears in 1 contract

Samples: Pilot Power Supply Agreement

Recovery from sale of Contracted Capacity. 12.2.1 13.3.1 In the event the Supplier Aggregator is unable to recover its Tariff through the Letter of Credit, and if the Tariff or part thereof remains unpaid for a period of 1 (one) month from the Payment Due Date, then notwithstanding anything to the contrary contained in this Agreement, the Supplier Aggregator shall have the right to sell the whole or part of the Contracted Capacity to any Buyer for recovery of its dues from the AggregatorUtility. For the avoidance of doubt, the Parties expressly agree that the Supplier Aggregator shall be entitled to appropriate the revenues from sale hereunder for recovering the Tariff due and payable to it for sale of such Contracted Capacity to the Aggregator Utility and the surplus remaining, if any, shall be appropriated for recovery of its dues from the AggregatorUtility.

Appears in 1 contract

Samples: Power Supply Agreement

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