Approval Holder definition
Examples of Approval Holder in a sentence
If a Force Majeure Event results in the revocation of the Feed-in Approval due to the failure by the Feed-in Approval Holder to meet its minimum performance threshold as stipulated in such Feed-in Approval, this Agreement shall automatically terminate upon the date specified in a notice from the Authority to the Parties confirming such revocation.
The Auditor’s cost and expenses shall be borne as to 50% by the Feed-in Approval Holder and 50% by the Distribution Licensee.
In the event the option is exercised, the Distribution Licensee shall purchase the Project (including the Feed-in Approval) from the Feed-in Approval Holder.
In the event the option is exercised, the Feed-in Approval Holder shall sell the Project (including the Feed-in Approval) to the Distribution Licensee.
Failure to insure shall not relieve the Feed-in Approval Holder of its obligations to maintain the insurance coverage described herein, nor shall failure to obtain or maintain such insurances relieve, or in any way reduce, any obligation or liability imposed on the Feed-in Approval Holder elsewhere in this Agreement.