Examples of O & M Default in a sentence
Clause (a) of Article 9.2.1 is O & M Default on part of Power Producer and Clause 9.2.1 (f) mentions that not operating the plant as per GERC’s Grid Code, SLDC instruction and prudent utility practices of industries also constitutes event of default on part of the Petitioner as Power Producer.
O & M Default is defined as under:1.1. "O & M Default” shall mean any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.
O & M Default is defined as under:1.1. "O & M Default” shall mean any default on the part of the Power Producer for a continuous period of ninety (90) days to(i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.
Mr. Amit Kapoor has also referred the definitions of PPA viz, (a) Due Date of Payment, (b) O & M Default, (c) Project, &(d) Prudent Utility Practices and submitted that the aforesaid definitions are relevant in this case to consider by the Commission.
If the Company commits a Construction Default or an O & M Default other than due to Force Majeure Events, ….ESCOM shall give notice of 90 days in writing to the Company, calling upon the Company to remedy such default and if the Company fails to take steps to remedy such default within the aforesaid period the Agreement shall stand terminated.