BALP definition
Examples of BALP in a sentence
The Voting Shares are and will be owned free and clear of all security interests, liens, claims, pledges, options, rights of first refusal, limitations on such Security Holder's voting rights, charges and other encumbrances of any nature whatsoever, except for the Irrevocable Proxy, the BALP Agreement and as provided in shareholders agreements (in each case, none of which prevent or impair the performance by such Security Holder of the obligations under this Agreement).
BALP acknowledges that such reports may be provided by the Counterparty to the Ministry of Energy and the Ontario Financing Authority, subject to compliance with the provisions of Article 7.
BALP is registered for GST purposes under the ETA and its GST registration number is 82297 2543.
If BALP and the Counterparty are unable to agree on the adjustment, either such Party may refer the matter to mandatory and binding arbitration from which there shall be no appeal, with such arbitration to be conducted in accordance with the procedures set out in Exhibit 15.2.
BALP shall from time to time during the Term of this Agreement obtain, quantify and register with the relevant authorities or agencies all Related Products related to ▇▇▇▇▇ A that are required pursuant to applicable legislation.
BALP shall include the ▇▇▇▇▇ A Fuel Costs in each Statement to be provided to the Counterparty pursuant to Section 4.2. The Counterparty acknowledges that the plans for the Refurbishment Projects include the use of low void reactivity fuel and the costs of low void reactivity fuel will be included in the ▇▇▇▇▇ A Fuel Costs.
The equipment to be so provided by BALP shall include such electrical equipment on BALP’s side of the Point of Delivery of ▇▇▇▇▇ A as the IESO and the Transmitter reasonably deem necessary, from time to time, for the safe and secure operation of the IESO-Controlled Grid, as required by the IESO Market Rules and the Transmission System Code, as applicable.
BALP agrees to pay when due, all amounts required to be paid by it in respect of a Refurbishment Project, from time to time from the Commencement Date, under the WSIA.
For each Month of the Term in which BAAR is greater than BACR, BALP shall pay to the Counterparty a Revenue Sharing Payment (▇▇▇▇▇ A), as calculated pursuant to Exhibit 3.2.
BALP acknowledges that time is of the essence to the Counterparty with respect to attaining Commercial Operation of each of Units 1, 2, 3 and 4 by its respective Milestone Date.