IPL definition
Examples of IPL in a sentence
If the Indigenous Participation Level is not restored to a level of at least the Initial IPL within six (6) months after such written notice, then such failure to maintain an Indigenous Participation Level of at least the Initial IPL until at least the fifth (5th) anniversary of the Commercial Operation Date shall constitute a Supplier Event of Default.
The foregoing reduction of the Initial IPL may be exercised only once prior to the fifth (5th) anniversary of the Commercial Operation Date.
Until the fifth (5th) anniversary of the Commercial Operation Date, if the Indigenous Participation Level falls below the Initial IPL, the Supplier shall provide written notice thereof to the Buyer within twenty (20) days of such decrease, which notice shall include the revised Indigenous Participation Level and the effective date thereof.
Until the fifth (5th) anniversary of the Commercial Draft Operation Date, if the Indigenous Participation Level falls below the Initial IPL, the Supplier shall provide written notice thereof to the Buyer within twenty (20) days of such decrease, which notice shall include the revised Indigenous Participation Level and the effective date thereof.