Examples of Turbine Supply Agreements in a sentence
Buyer and Supplier agree to subsequently negotiate in good faith commercial terms for (a) one or more Turbine Supply Agreements (each, a “Project TSA”) that, upon execution, will provide for the purchase, sale, delivery and warranty of Additional Turbine Equipment for one or more Projects, and (b) one or more Operations and Maintenance Agreements (each, an “Project OMA”) that, upon execution, will provide for the scheduled and unscheduled maintenance of the WTGs contained in one or more Projects.
Neither the Borrower nor any TSA Company has conducted any business other than the business contemplated by the Basic Documents and the Turbine Supply Agreements, they have no outstanding Debt or other material liabilities other than pursuant to or allowed by the Basic Documents and the Turbine Supply Agreements, and they are not a party to or bound by any material contract other than the Basic Documents and the Turbine Supply Agreements.
The rights, title and interest of the Borrower and each TSA Company under the Turbine Supply Agreements to which such Person is a party are free and clear of all liens other than Permitted Liens.
In December 2010, the Company entered into two Turbine Supply Agreements (“TSA’s”) with Gamesa Wind US LLC (“Gamesa”) for 60 wind turbines for the Windstar project and 5 for the Kingman project for a total contract price of $167 million ($155 million for the Windstar project and $12 million for the Kingman project) (Note 17 (h)).
The Borrower shall not incur, create or suffer to exist (or permit any TSA Company to create, assume or suffer to exist) any lien or other encumbrance on the Turbines or the Turbine Supply Agreements, except for Permitted Liens.
In December 2010, the Company entered into two Turbine Supply Agreements (“TSA’s”) with Gamesa for 60 wind turbines for the Windstar project and 5 for the Kingman project for a total contract price of $167 million ($155 million for the Windstar project and $12 million for the Kingman project).
Such equity invested pursuant to this Section 5(a)(xxi) must be used by the Borrower for the purposes set forth in Section 5(a)(i) and/or for the payment of transportation costs included in the Contract Price associated with the Turbine Supply Agreements.
Each of the Basic Documents and the Turbine Supply Agreements to which the Borrower is a party constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its respective terms and provisions, except as such enforceability may be affected by applicable bankruptcy, insolvency, moratorium or other similar laws affecting creditors rights generally and the application of general principles of equity.
The representations and warranties of the Borrower and each TSA Company contained in the Basic Documents and the Turbine Supply Agreements to which each such Person is a party other than this Note are, as of the time made or deemed made thereunder, true and correct.
In December 2010, the Company entered into two Turbine Supply Agreements (“TSA’s”) with Gamesa for 60 wind turbines for the Windstar project and 5 for the Kingman project for a total contract price of $167 million (Note 16 (h)).