Examples of GEP in a sentence
The Parties agree that the damages sustained by Buyer associated with Seller’s failure to achieve the Guaranteed Energy Production requirement would be difficult or impossible to determine, or that obtaining an adequate remedy would be unreasonably time consuming or expensive and therefore agree that Seller shall pay the GEP Damages to Buyer as liquidated damages.
If Seller has a GEP Failure, then within ninety (90) days after the last day of the last month of such Performance Measurement Period, Buyer shall notify Seller of such failure.
Stacks constructed after January 1, 1971, shall be credited with GEP stack height only.
Before the permitting authority issues a permit under this rule based on stack heights that exceed GEP, the permitting authority must notify the public of the avail- ability of the demonstration study and must provide opportunity for a public hearing on it.
Seller shall cure the GEP Failure by delivering to Buyer GEP Damages, calculated pursuant to Appendix F, within thirty (30) days of receipt of the Notice.