Examples of Energy Purchase Agreement in a sentence
The Seller shall design, insure, finance, acquire, construct, complete, and Commission the Complex, and shall own, operate, maintain, and transfer the Complex, in each case, in accordance with all applicable Laws of Pakistan, the Seller Consents, this Agreement, the Site Lease, the Energy Purchase Agreement, [the AJ&K Implementation Agreement,] and the Water Use Agreement.
No amendment, modification, supplement, extension, or reinstatement of [the AJ&K Implementation Agreement,] the Energy Purchase Agreement, the Water Use Agreement, [the Site Lease,] or any other Project Agreement shall affect this Agreement or increase the liability of the GOP under this Agreement or the Guarantee, unless such amendment is approved in writing by the GOP, prior to such amendment being executed between the parties thereto.
Subject to the provisions of Section 15.1(f) of this Agreement, Article XV of the Energy Purchase Agreement and the Financing Documents (which may have different requirements regarding the use of insurance proceeds), the proceeds of all such insurance (except loss of revenue/profits or business interruption coverage) shall be used to repair or restore the Complex to the condition existing immediately prior to the event giving rise to such insurance claim and proceeds.
The GOP hereby consents, at the request of the Seller, to be timely joined in any proceedings (initiated by the Seller or the Purchaser) concerning any claim of any breach of or other dispute related to the Energy Purchase Agreement if and to the extent the 5 To be reconfirmed in execution versions.
Unless terminated earlier in accordance with the terms of the Letter of Support or Article XIV (Termination), as the case may be, this Agreement shall continue in full force and effect for a term equal to the “Term” (as defined in the Energy Purchase Agreement) of the Energy Purchase Agreement (the “Term”).
The first section of each report shall also summarize any problems regarding any Seller Consent or Seller Consent application that may materially affect the Seller’s performance under this Agreement, the Energy Purchase Agreement, the Water Use Agreement, [or the Site Lease].
If the GOP does not elect to purchase the Complex within thirty (30) Days of receipt of a copy of a Termination Notice (as defined in the Energy Purchase Agreement) delivered by the Purchaser to the Seller thereunder, the GOP shall have no further rights to or interest in the Complex, whereupon this Agreement shall terminate.
By agreeing to use its reasonable efforts and its good offices to support the Seller’s efforts, the GOP has not relieved, and does not relieve in any way, the Seller of its obligations or potential liability under this Agreement, the Energy Purchase Agreement, and the other documents comprising the Project Agreements.
The Seller shall obtain and maintain insurance from financially strong and internationally reputable insurance companies in accordance with Article XII of the Energy Purchase Agreement.
The Seller covenants that each loan agreement constituting part of the Financing Documents will provide that any liquidated damages received by the Seller from its EPC Contractor for capacity or other testing shortfalls shall be used either to reduce or pay the outstanding amount of debt under such loan agreement or in an effort to remedy such shortfalls or to make payments required under the Energy Purchase Agreement, if any.