HQP definition
Examples of HQP in a sentence
Purchaser shall use commercially reasonable efforts to cause HQP to mitigate the amount of any such penalties, damages, fees or other charges.
Purchaser shall use commercially reasonable efforts to cause HQP to mitigate the amount of any Québec Damages.
NPT may, in its sole discretion, suspend the activities associated with the Project Development Costs that are the subject of an HQP objection (and the incurrence of such costs and expenses) until such objection is resolved by mutual agreement of the Parties.
If HQP agrees to the foregoing terms of this letter agreement, please indicate HQP’s agreement by having the appropriate respective duly authorized officer of HQP and HQRE countersign both originals of this letter agreement and returning one executed original to me.
HQP shall pay such final invoice(s) within thirty (30) calendar days of its receipt of such final invoice.
Upon the termination of the TSA at any time prior to the commencement of the Construction Phase (as that term is defined in the TSA), HQP has agreed to reimburse NPT for certain Project Development Costs (as defined below), as further set forth in Appendix A.
HQP approves the Project Development Costs incurred by NPT through August 31, 2010 (as shown in Section II of Appendix A).
Within thirty (30) days after the FERC Effective Date, NPT shall render a final invoice(s) of Project Development Costs incurred during the Reimbursement Period (which invoiced amounts shall be consistent with Appendix A, the monthly reports, the NTX Amount and the conditions, if any, in the FERC order accepting or approving this letter agreement) to HQP at the address specified in Appendix B.
NPT shall not, in any month, incur Project Development Costs that, when combined with Project Development Costs previously incurred, exceed the total cumulative cash flow allocations through such month, unless and until NPT provides HQP a written explanation of the reason(s) for incurring such excess Project Development Costs and obtains HQP’s consent to incur such excess Project Development Costs.
Such information provided by NPT, if any, shall be held by HQP and HQRE as confidential and subject to the terms and conditions of that certain Confidentiality Agreement, dated as of February 29, 2008, by and between Northeast Utilities Service Company and H.Q. Energy Services (U.S.) Inc., the terms of which, to the extent not otherwise inconsistent with this letter agreement, are hereby incorporated herein and made a part hereof.