Preliminary Default Notice definition

Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;
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Preliminary Default Notice shall have the meaning ascribed thereto in Article 16 of this Agreement.
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Preliminary Default Notice shall have the meaning ascribed thereto in ARTICLE 11: of this PPA;
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Examples of Preliminary Default Notice in a sentence

  • Following the issue of a DISCOM Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.

  • If a Power Producer Default described in Section 12.1 (a) has occurred and is continuing, in addition to other remedies expressly provided herein, and subject to Section 13, Purchaser shall have a right to deliver a notice of its intention to terminate this Agreement ("Purchaser Preliminary Default Notice"), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

  • Upon the occurrence and continuation of any RPG Event of Default under Article 13.1, DISCOM shall have the right to deliver to the RPG, with a copy to the representative of the lenders to the RPG with whom the RPG has executed the Financing Agreements, a notice stating its intention to terminate this Agreement (DISCOM Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

  • Following the issue of a RPG Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.

  • Upon the occurrence and continuation of any DISCOM Event of Default specified in Article 13.2, the RPG shall have the right to deliver to DISCOM, a RPG Preliminary Default Notice, which notice shall specify in reasonable detail the circumstances giving rise to its issue.

  • Following the issue of a Buyer Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.

  • Following the issue of a SPD Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.

  • Upon the occurrence and continuation of any Buyer Event of Default specified in Article 13.2, the SPD shall have the right to deliver to Buyer, a SPD Preliminary Default Notice, which notice shall specify in reasonable detail the circumstances giving rise to its issue.

  • Upon the occurrence and continuation of any SPD Event of Default under Article 13.1, Buyer shall have the right to deliver to the SPD, with a copy to the representative of the lenders to the SPD with whom the SPD has executed the Financing Agreements, a notice stating its intention to terminate this Agreement (Buyer Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

  • Following the issue of an SPG Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.


More Definitions of Preliminary Default Notice

Preliminary Default Notice means the Power Sale Agreement entered between the Discom and NTPC (NTPC-Discom PSA) for selling the bundled power as per the provisions of Guidelines for selection of Grid-connected Solar- PV Power Projects under “State Specific Bundling Scheme” under Batch-II, Tranche-I of NSM Phase-II and annexed hereto as Schedule 3 of this Agreement; shall have the meaning ascribed thereto in Article 13 of this Agreement;
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Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement; Project Site Shall mean the site for the Project, defined under the terms of the Waste Concession Agreement as the land at Arjun Das Camp, made available to G20ESG as the REPD and the Concessionaire by NDMC under the terms of those Agreements. The Project Site also contains the Delivery Point ; “Prudent Utility Practices” shall mean the practices, methods and standards that are generally accepted internationally from time to time by electric utilities for the purpose of ensuring the safe, efficient and economic design, construction, commissioning, operation and maintenance of po wer generation equipment and which practices, methods and standards shall be adjusted as necessary, to take account of:a) operation and maintenance guidelines recommended by the manufacturers of the plant and equipment to be incorporated in the Power Pro ject;b) the requirements of Indian Law; and the physical conditions at the site of the Power Project; “Purchaser” shall refer to NDMC as the purchaser of the electricity delivered by the REPD under the terms of this Agreementand in accordance with Article 9 of this Agreement;
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Preliminary Default Notice means [………] MW, being Installed Capacity of the Power Station measured at the bus-bar, reduced by the normative auxiliary power consumption as prescribed by CERC from time to time; In case of a dedicated transmission line connecting the bus-bar and the Interconnection Point, the Power Station’s Net Capacity shall be ….MW, being the Installed Capacity of the Power Station measured at the Interconnection Point and reduced by the normative auxiliary power consumption and losses, if any, of such dedicated transmission line; shall have the meaning ascribed thereto in Article 11 of this Agreement;
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Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement; Production obligation of Manufacturer Manufacturing capacity of solar PV modules, cells, wafers and ingots should start commercial production within three years of effective date of Package-I PPAs and should produce at least 80% of the installed capacity within 1st year and 90% of the installed capacity within 2nd year of the commencement of commercial operation.
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Related to Preliminary Default Notice

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Potential Default means the occurrence of any event or condition which, with the giving of notice, the passage of time, or both, would constitute an Event of Default.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);