PPA Buyout definition

PPA Buyout the Disposition of any Project, as required pursuant to, and in accordance with the terms of, any Power Purchase Agreement, to the offtaker party to such Power Purchase Agreement. 25 Sunshine (National) – Credit Agreement
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Examples of PPA Buyout in a sentence

  • Apply and pay over, and cause Holdings and the Subsidiary Guarantors (if any) to apply and pay over, all Revenues and any proceeds received in connection with any Recovery Event, Specified Asset Disposition, PPA Buyout or Asset Sale, to the Revenue Account and the Event Proceeds Account respectively, as set forth in the Depositary Agreement.

  • The Borrower shall use commercially reasonable efforts to, no later than thirty (30) days after the Disposition pursuant to a Specified Asset Disposition or PPA Buyout in respect of a Loan Party or all or substantially all of the assets of a Loan Party, terminate, Cash Collateralize or to otherwise provide credit support reasonably acceptable to the applicable Revolving Facility Issuing Bank in respect of any Letter of Credit issued to support the obligations of such Loan Party.

  • The confidence that sufficient lower cost resources could be utilized came from the Company’s recent work on the Palisades PPA Buyout Replacement Plan.

  • See 3 Tr 545 and Exhibit A-34 (SPS-5).Because the Palisades PPA Buyout Replacement Plan includes several capital investments that will produce benefits over 10 to 20-year periods and beyond, implementation of the Palisades PPA Buyout Replacement Plan will reduce the expected savings over the initial 4-year period to approximately $61.5 million, but customers will experience additional savings expected to exceed $500 million during the life of the replacement plan components.

  • The Palisades PPA Buyout Payment is a Regulatory Asset The Commission finds that in light of the Company’s replacement plan, and under all reasonable fuel price scenarios as analyzed by the Company, Consumers’ customers are likely to experience significant cost savings due to the buyout of the Palisades PPA.

  • CECO’s brief (p 2) also erroneously states:The Palisades PPA Buyout falls squarely within the letter and purpose of Public Act 142 of 2000 (“Act 142”), MCL 460.10h through 10o; which allows utilities the option of reducing costs, such as the buyout of a power purchase agreement, through the issuance of securitization bonds.RCG takes issue with CECO’s Initial Brief asserting that its proposal meets the requirements of the securitization statute (Act 142).

Related to PPA Buyout

  • Buyout means an arrangement or arrangements involving the

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Model 2 seller means a seller registered under the agreement that:

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Early Closure means the closure on any Exchange Business Day of the Exchange or any Related Exchange prior to its Scheduled Closing Time unless such earlier closing time is announced by such Exchange or Related Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on the Exchange or Related Exchange on such Exchange Business Day and (ii) the submission deadline for orders to be entered into the Exchange or Related Exchange system for execution at the Valuation Time on such Exchange Business Day.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Allowance transfer deadline means midnight of January 30 or, if January 30 is not a business day, midnight of the first business day thereafter and is the deadline by which allowances may be submitted for recordation in an affected unit’s compliance subaccount for the purposes of meeting the unit’s acid rain emissions limitation requirements for sulfur dioxide for the previous calendar year.

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Acquisition Closing Date means the “Closing Date” under and as defined in the Acquisition Agreement.

  • Purchaser/ User means ultimate recipient of goods and services

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Time Block means a time block of 15 minutes, for which specified electrical parameters and quantities are recorded by special energy meter, with first time block starting at 00.00 hrs;

  • Bidders from a country which shares a land border with India for the purpose of this Order means:

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Customary Post-Closing Consents means the consents and approvals from Governmental Authorities for the assignment of the Assets to Buyer that are customarily obtained after the assignment of properties similar to the Assets.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Second Closing Date has the meaning set forth in Section 1.3.