PPA Manager definition
Examples of PPA Manager in a sentence
Each of Acadia Holdings and Calpine shall notify the other of the name and contact information of its PPA Manager and of any replacement PPA Manager appointed by it and any alternate PPA Manager designated by its PPA Manager.
To the extent any such decision or direction involves the first twenty-four (24) hours of any outage or other event or circumstance, such decision or direction shall be given or made by the Acadia Holdings PPA Manager in his or her sole discretion on behalf of the Company.
Each of Acadia Holdings and Calpine shall have the right in its sole discretion to appoint an individual to act as manager for the Company with respect to the PPAs (each a "PPA Manager") and to remove and replace its PPA Manager at any time and from time to time for any reason or for no reason.
To the extent any such decision or direction involves the period beyond the first twenty-four (24) hours of any outage or other event or circumstance, such decision or direction shall be given or made only by mutual agreement of the Acadia Holdings PPA Manager and the Calpine PPA Manager.
Each PPA Manager shall have the right at any time and from time to time to designate an alternate PPA Manager to act on behalf of the designating PPA Manager to the extent such designating PPA Manager is unavailable.
All directions given and decisions made by either PPA Manager or both PPA Managers in accordance with this Section 5.8.2 shall be final and binding on the Company and shall not be subject to review or approval by the Management Committee or by any Member.
Either PPA Manager may, without the need for any consent from the other PPA Manager, exercise the elections afforded the Company under Section 2.11.5.2 of the O&M Agreement.
Notwithstanding the foregoing, if the PPA Managers do not agree on any matter requiring the mutual agreement of both PPA Managers under this Section 5.8.2 within three (3) hours after the initial communication between the PPA Managers regarding such matter, either PPA Manager may refer the matter to the Management Committee, which shall then give the relevant directions or make the relevant decisions on behalf of the Company.