GUVNL definition
Examples of GUVNL in a sentence
However, in case the entire capacity is commissioned prior to SCOD, GUVNL may purchase the generation at PPA Tariff.
However, GUVNL may consider any amendment or change that the Lenders may require to be made to this Agreement.
The Tariff payable by GUVNL for energy purchased shall be as below.
In the event of any inconsistency between the text of the Articles of this Agreement and the appendices, attachments or exhibits hereto or in the event of any inconsistency between the provisions and particulars of one appendix, attachment or exhibit and those of any other appendix, attachment or exhibit GUVNL and the Power Producer shall consult to resolve the inconsistency.
In furtherance of the foregoing, GUVNL acknowledges that the Financing Documents may provide that upon an event of default by the Power Producer under the Financing Documents, the Financing Parties may cause the Power Producer to assign to a third party the interests, rights and obligations of the Power Producer thereafter arising under this Agreement.
The Parties shall discuss within a week from the date on which GUVNL notifies the Power Producer of the amount in dispute and try and settle the dispute amicably.
Provided however, no approval is required from GUVNL for the assignment by the Power Producer of its rights herein to the Financing Parties and their successors and assigns in connection with any financing or refinancing related to the construction, operation and maintenance of the Project.
This Agreement constitutes the entire agreement between GUVNL and the Power Producer, concerning the subject matter hereof.
If the dispute is not settled during such discussion then the payment made by GUVNL shall be considered as a payment under protest.
In the event of a dispute as to the amount of any Tariff Invoice, GUVNL shall notify the Power Producer of the amount in dispute and GUVNL shall pay the Power Producer 100% of the undisputed amount plus 85% of the disputed amount within the due date provided either party shall have the right to approach the GERC to effect a higher or lesser payment on the disputed amount.