Captive User definition
Examples of Captive User in a sentence
The Parties unequivocally agree that the said compensation mechanism is a genuine pre-estimate of losses to be incurred by the Captive User.
The cost of testing & calibration shall be borne by the Captive User.
Commissioning certificates shall be issued by the State Nodal Agency or the Captive User after successful commissioning.
If practicably possible, the Captive User may accept to off-take such revised capacity and shall be obligated to pay 75 per cent of the ACCSP as agreed in this Agreement.
Once a Monthly Bill and Supplementary Bill have been verified and cleared by the Energy Auditor without any observation requiring and deduction or adjustment, the Captive User shall, release entire amount of Monthly Bill and Supplementary Bill by the Due Date.