Support Counterparty definition

Support Counterparty means any Person that agrees to provide credit or collateral support on behalf of the Borrower or any Guarantor to any Commodity Hedge Counterparty in respect of the obligations of the Borrower or any Guarantor under the related Permitted Commodity Hedge and Power Sale Agreement.
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Support Counterparty means the counterparty designated in accordance with the applicable Laws and the Support Agreement to act as Support Counterparty in the physically settled Power Purchase Agreement for Trading Period I, or as CfD counterparty in the financially settled Contract for Differences for Trading Period II, and to which general provisions apply for the entire Term of this Support Agreement, in combination with either the PPA terms relevant for Trading Period I or CfD terms relevant for Trading Period II.
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Examples of Support Counterparty in a sentence

  • The Seller shall, within [five (5)] Business Days of receipt of such notice (accompanied by a valid Invoice) from the Support Counterparty, compensate the Support Counterparty for the Seller´s loss so notified.

  • Upon occurrence of a Compensation Unavailability Event, the Seller shall provide written notice of such to the Support Counterparty.

  • The Support Counterparty shall notify the Seller of the date and time on which the transfer of this Agreement to the Transferee Counterparty shall take effect.

  • If compensation as per this clause applies, the Support Counterparty may require the Seller to comply with forecast accuracy requirements as per 7.17 mutandis mutandis.

  • If the Support Counterparty does not elect to purchase the Metered Output during the Commissioning Period, the Developer may offer the Metered Output on the free electricity market in accordance with the electricity market rules and the Applicable Laws.

  • Such written notice shall be accompagnied by a balancing group agreement with the other third party and necessary arrangements (if any) with the Support Counterparty and the OST, in accordance with the Applicable Laws, to ensure delivery obligations in accordance with clauses 7.2(a)(ii) and 7.2(b).

  • In the event of breach of this obligation by the Seller, without prejudice to any defences available to the Seller under this Agreement or Applicable Laws and the rights of the Support Counterparty under this Agreement or Applicable Laws, the Support Counterparty may determine its direct, actual, reasonable and demonstrable loss associated therewith and to notify the Seller thereof.

  • The Seller shall notify the Support Counterparty of any such assignment as soon as reasonably practicable.

  • If the Seller`s generation is partly or totally curtailed due to Negative Price Period(s) as per this clause for an aggregated amount of settlement periods higher than [■], the Seller is entitled to a compensation by the Support Counterparty for an amount equal to: [the product of: (i) Electricity Price and (ii) the Final Nominated Output for the curtailed volumes].

  • On the date on which ▇▇▇▇▇▇▇▇▇ becomes aware of the Extended Conditions Longstop Date, it shall notify the Support Counterparty in writing and provide to the Support Counterparty evidence as the Support Counterparty reasonably requires.