Offtakers definition
Examples of Offtakers in a sentence
If the Offtaker's recalculated Loss under this Clause 5.1.2(b) is less than the Offtaker's Loss calculated under ▇▇▇▇▇▇ 5.1.2(a), the Offtaker shall pay the difference to the Generator.
The Importer also acknowledges VCP Overseas’ pledge to the Collateral Agent of its rights under its Designated Sale Agreement set forth, from time to time, on Schedule 1 of the Security Agreement with Eligible Offtakers and agrees to such pledge (and acknowledges that the Collateral Agent has no obligation to satisfy any of VCP Overseas’ obligations hereunder).
The transfer and conveyance of the Third Party Distribution Systems and assignment of the Third Party Agreements with Third Party Off-takers pursuant to this Section 9.2 will be “AS IS, WHERE IS,” with no representations or warranties from BREP other than such assets will be free and clear of any third party liens created by BREP.
Throughout the Term of this Agreement, to the extent BREP is providing the ▇▇▇▇ Center Building with Thermal Services in accordance with the Thermal Services Requirements and the Performance Standards, BREP will have the right to utilize the ▇▇▇▇ Center Plant Assets to provide Thermal Services to Third Party Off-takers, in all instances subject to and in accordance with the requirements set forth in ARTICLE 9 of the ▇▇▇▇ Center Plant Lease.
BREP shall be responsible for designing and constructing any Third Party Distribution Systems necessary to supply Third Party Off-takers with Thermal Services.
If the Offtaker's recalculated Loss under this Clause 5.2.2(b) is less than the Offtaker's Loss calculated under ▇▇▇▇▇▇ 5.2.2(a), the Offtaker shall repay the difference to the Generator.
The Administrative Agent shall have received copies certified by a senior officer which is an authorized signatory of the Borrower of Export Contracts executed with Eligible Off-takers in an aggregate amount sufficient to maintain compliance with Subsection 11.18.7, after giving effect to the proposed Advance.
Risk of loss with respect to the Thermal Services and the chilled water and heating water used to deliver the Thermal Services will be allocated entirely to BREP with respect to Third Party Off-takers.
The Chilled Water Capacity after the completion of the Improvements and the construction and potential serving of Third Party Off-takers are indicated in Figure 3.
The Leased Property shall be used to provide Thermal Services to the ▇▇▇▇ Center Building and Third Party Off-takers, and for no other purpose without the prior written consent of Lessor; provided, however, that if Lessor attempts to terminate this Lease pursuant to Section 3.2.a(6) but does not pay the entire Termination Fee due and payable therefrom and if BREP elects to keep this Lease in full force and effect pursuant to Section 3.3.f, BREP may use the Leased Property for any lawful purpose.