Project PPA definition
Examples of Project PPA in a sentence
Each meter used pursuant to this SECTION 17 shall be tested and calibrated in accordance with the Solar Project PPA.
Project Participant shall notify FMPA in writing immediately upon becoming aware of any event that may negatively affect the Project Participant’s credit rating or cause a Downgrade Event, as defined in the Solar Project PPA.
Upon request, FMPA, or its agent, shall provide such Project Participant with the Seller’s daily forecasted output of the Solar Facility as provided by Seller pursuant to the Solar Project PPA.
This Power Sales Contract shall become effective upon the last date of execution and delivery of all Power Sales Contracts by all Project Participants originally listed in the Schedule of Project Participants and by FMPA (the “Effective Date”) and shall, unless this Power Sales Contract is terminated early pursuant hereto, continue until the expiration or earlier termination of the Solar Project PPA.
If all or a portion of the Units held by a Member is sold, assigned or otherwise transferred in accordance with the terms of this Operating Agreement, then the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred Units.
Upon termination of this Agreement, LWB shall bear all responsibility and costs associated with the delivery of LWB’s Solar Energy from the delivery point as defined in the FMPA-Solar III Project PPA to LWB’s system.
Seller shall use commercially reasonable efforts under the Project PPA to cause the Project Owner or the Transmission Provider to test and verify the accuracy of Project Owner’s Meters at least annually and at Project Owner’s expense.
As a condition to exercising its right not to buy replacement Delivered Energy and Environmental Attributes under the preceding proviso, Seller shall upon Purchaser’s request provide Purchaser with evidence concerning the price that Seller is obligated to pay for Metered Output and Environmental Attributes pursuant to the Project PPA at the time of such Force Majeure Event (with such information to be treated as Confidential Information under Article 18).
Commencing on the Initial Energy Delivery Date of the Solar Facility, FMPA shall purchase from Seller in accordance with the terms and conditions of the Solar Project PPA, and FMPA agrees to and does sell, and the Project Participant agrees to and does hereby purchase, the Project Participant's Solar Entitlement Share.
Obtain the consent of the Majority Lenders prior to any material amendment to, or termination prior to its stated expiration by any Borrower Group Member of, any Project PPA Document, which in the case of any such termination, is not replaced by another Project PPA Document satisfying the PPA Parameters.