Examples of Guaranteed Delivery Term Start Date in a sentence
Seller shall participate in such Forward Capacity Auction qualification process as required to allow Seller to qualify a Seasonal Claimed Capability of not less than 1,090 MW over the U.S. Transmission Line no later than the Guaranteed Delivery Term Start Date, as it may be extended pursuant to Sections 3.1(c) through 3.1(f).
If Seller terminates this Agreement because of an Event of Default by Buyer prior to the Commercial Operation Date, Seller shall only receive a Termination Payment if the Commercial Operation Date either occurs on or before the Guaranteed Delivery Term Start Date or would have occurred by such date but for the Event of Default by Buyer giving rise to the termination of this Agreement.
The failure of the Seller to Deliver the Scheduled Qualified Clean Energy in accordance with Exhibit B, the Schedule of Guaranteed Qualified Clean Energy to be Delivered from the Facility for twelve (12) consecutive months during the Services Term; or Failure to Achieve the Guaranteed Delivery Term Start Date.
Transmission Provider elects to extend the deadline for the TSA Commercial Operation Date in accordance with the TSA, the Guaranteed Delivery Term Start Date hereunder shall be extended by such period(s), without additional Credit Support required by Seller under this Agreement.
The failure of the Seller to meet the Delivery Term Start Date by the Guaranteed Delivery Term Start Date; or Failure to Satisfy ISO-NE Obligations.
Each Party agrees and acknowledges that (i) the damages that Buyer would incur due to Seller’s delay in achieving the Commercial Operation Date by the Guaranteed Delivery Term Start Date would be difficult or impossible to predict with certainty, and (ii) it is impractical and difficult to assess actual damages in the circumstances stated, and therefore the Delay Damages as agreed to by the Parties and set forth herein are a fair and reasonable calculation of such damages.
To the extent a Force Majeure event pursuant to Section 10.1 has occurred that prevents the Seller from achieving the Delivery Term Start Date by the Guaranteed Delivery Term Start Date, the Guaranteed Delivery Term Start Date shall be extended for the duration of the Force Majeure event, but under no circumstances shall extensions of the Guaranteed Delivery Term Start Date due to Force Majeure events exceed twelve (12) months.