SPPC definition
Examples of SPPC in a sentence
TYPE OF SERVICE: **** PAYMENT TERMS: Payment shall be made according to the payment terms set forth in Section 4 of that certain Master Amendment to Confirmation Agreements by and between SPPC and DETM, dated June 4, 2002.
Preschedules and contr▇▇ ▇▇▇▇ ▇▇▇▇▇▇ation will be confirmed by DETM and SPPC by 12:00pm PPT on the appropriate scheduling day prior to the day of delivery.
In the event Guarantor and SPPC are unable to resolve the Dispute satisfactorily within thirty (30) days from the receipt of notice of the Dispute, either Guarantor or SPPC may initiate arbitration through the serving and filing of a demand for arbitration.
Receipt by the Administrative Agent of a certificate of a Responsible Officer of the Borrower, certifying that the SPPC Credit Agreement is, or contemporaneously with the effectiveness of this Agreement will be, effective on and as of Closing Date.
Receipt by the Administrative Agent of evidence that the Existing SPPC Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing SPPC Credit Agreement concurrently with the Closing Date are being released.
No amendment, modification, termination or waiver of any provision of this Guaranty, and no consent to any departure by Guarantor therefrom, shall in any event be effective without the written concurrence of SPPC and, in the case of any such amendment or modification, Guarantor.
Guarantor and SPPC expressly agree that such arbitration shall be the exclusive means to further resolve any Dispute and hereby irrevocably waive their right to a jury trial with respect to any Dispute, provided that at any time a request made for provisional remedies requesting preservation of respective rights and obligations under the Guaranty may be resolved by a court of law located in the County of the principal place of business of SPPC.
SDC is a party (as a successor to Far West) to (i) that certain Long Term Agreement for the Purchase and Sale of Electricity, Steamboat II, dated January 24, 1991, between Far West and Sierra Pacific Power Company ("SPPC"), as amended, and (ii) that certain Long Term Agreement for the Purchase and Sale of Electricity, Steamboat III, dated January 18, 1992, between Far West and SPPC, as amended.
This Note is secured by a security interest in certain Transition Property of Borrower, to the extent that such Transition Property is deemed not to have been transferred from Borrower to SPPC Funding LLC.
Subject to the other provisions of this Section 1, upon failure of Supplier to pay any of the Guarantied Obligations when and as the same shall become due, Guarantor will upon demand pay, or cause to be paid, in cash, to SPPC, an amount equal to the lesser of: (i) the aggregate of the unpaid Guarantied Obligations and (ii) the Credit Amount (as defined in the TPPA) as of the date of such failure of Supplier to pay such Guarantied Obligations.