BBMB definition
Examples of BBMB in a sentence
All similar charges, if any, beyond delivery point, including LILO connection, shall be borne by BBMB.
Pursuant to an Agreement and Plan of Merger dated as of November 24, 2004 (the “Merger Agreement”) by and among Spy Optic, Inc., a California corporation (the “Merged Entity”), and BBMB, Inc., a Delaware corporation (the “Surviving Corporation”), the Merged Entity agreed to merge with and into the Surviving Corporation, with the Surviving Corporation as the surviving corporation (the “Merger”).
In the event of the SPD failing to comply with the above requirement, in case of any gain to the SPD, BBMB shall withhold the monthly tariff payments on immediate basis, until compliance of the above requirement by the SPD.
Provided that, BBMB shall permit assignment of any of SPD’s rights and obligations under this Agreement in favour of the lenders to the SPD, if required under the Financing Agreements.
The BBMB shall also provide required land for the establishment of FSPV substation including Main control room, for the proposed project within two months of the effective date of the PPA.
From the commencement of supply of power, BBMB shall unconditionally pay to the SPD the monthly Tariff Payments subject to the adjustments as per provisions of this Agreement including Article 6, in accordance with Article 9.
An Affected Party means BBMB or the SPD whose performance has been affected by an event of Force Majeure.
However, it is also clarified that during the operation of the plant, there can be some periods where the Project can generate power but due to temporary transmission unavailability at the end of all or any of the Partner/Beneficiary States of BBMB leading to offtake constraint (full or part), then BBMB shall compensate SPD as per this clause, assuming the off take constraint is due to BBMB only.
Such assignment shall be agreed to by BBMB subject to the compliance of provisions contained in this Agreement and more specifically to the provisions of Article 4.1.1 of this Agreement.
Further it is also clarified that none of the Partner or Beneficiary States of BBMB shall be liable/responsible for any of the contractual obligations of the BBMB under this Agreement other than the RPO compliances due to shortfall in solar power generation as per clause 4.4.1 of the PPA.