Original Purchasers definition
Examples of Original Purchasers in a sentence
As of the Effective Date and at the time the Original VMTP Purchasers were offered the VMTP Shares the Original Purchasers were, and as of date of the date hereof the Purchaser is: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a)(1) under the Securities Act.
As of the Effective Date and at the time the Original VMTP Purchasers were offered the VMTP Shares the Original Purchasers were, and as of date of the date of this Agreement the Purchaser is: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a)(1) under the Securities Act.
IPA will also operate and maintain the Project in such a manner, and make such replacements and repairs thereto, as and to the extent necessary to keep the Project in at least as good a condition as IPA has agreed with the Original Purchasers to keep the Project pursuant to the Original Power Sales Contracts.
The Power Sales Contracts between IPA and each of the thirty-six (36) Original Purchasers, pursuant to which IPA has sold and will continue to sell the capacity and energy of the Project through June 15, 2027, as such Contracts have been heretofore amended or supplemented, including without limitation by the Second Amendatory Power Sales Contract, and as such Contracts may hereafter be amended or supplemented.
The offer made by IPA pursuant to Section 33 of the Original Power Sales Contracts to each of the Original Purchasers to renew their Original Purchaser Entitlements and any offers of Orphan Original Purchaser Entitlements thereafter made by IPA to Committed Original Purchasers in accordance with the terms and provisions set forth in Section 26 of the Renewal Power Sales Contracts and consisting of the First Round Offer, the Second Round Offer, if necessary, and the Final Offer, if necessary.