H Power definition

H Power agrees to maintain the following minimum levels of insurance: personal liability: $2,000,000; property liability: $1,000,000; directors and officers liability: $2,000,000; product liability: $10,000,000 and shall include ECO and ECO Fuel Cells as named insures. H Power shall provide ECO Fuel Cells at closing with copies of the applicable policies covering these lines and written proof from carriers that such policies are in force. ECO and ECO Fuel Cells agree to carry appropriate insurance at levels that are acceptable to H Power.
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H Power. H Power shall be responsible for the design, development, fabrication and testing of the fuel cell sub-system, the integration of the System and the testing of the completed System. ADL: ADL shall be responsible for the design, development, fabrication and testing of the propane fuel processor sub-system.
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H Power or any name substantially similar to it as part of the Company's name after its purchase of the Shares owned by HP pursuant to this Article 3.04. "FMV" means the fair market value of the Shares per share as determined initially by mutual agreement of the Parties. If the Parties are unable to determine such FMV within sixty (60) days after the date of the second Party's Commencement Notice or the expiration of the term as provided in Article 3.01 if one Party fails to send the Commencement Notice, the Parties shall cause the Company to be dissolved and wound up.
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Examples of H Power in a sentence

  • Executive shall devote substantially all his business time, ability and attention to the business of H Power.

  • Therefore, once a Fuel Cell Product is received, the purchaser will have thirty (30) days in which to inspect the Fuel Cell Product for defects and to notify H Power in writing of such defects.

  • Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person or organization, whether for compensation or otherwise, that is in competition directly or indirectly with the business of H Power.

  • Extra training, beyond the standard program, shall be provided by H Power on a consulting basis for an additional, reasonable charge.

  • Notwithstanding the payment requirements as set forth in Paragraph C, immediately hereinbelow, the purchaser need not pay for a Fuel Cell Product that does not pass inspection until the Fuel Cell Product is repaired, replaced or shown to be operable by H Power to the purchaser's reasonable satisfaction.

  • ECO Fuel Cells may provide information and recommendations to H Power with respect to appropriate training for Fuel Cell Product installers and service personnel, and H Power agrees to consider all such information and recommendations submitted to it.

  • The same payment procedures outlined above shall apply for any payments that are to be made by H Power to ECO Fuel Cells.

  • H Power further warrants that it shall have in force valid assignment agreements with any of its employees or subcontractors who may perform services or development of the Fuel Cell Products.

  • To the extent that any other intellectual property rights of H Power are needed for ECO Fuel Cells, the Licensed Members, or their subcontractors to market, install and service Fuel Cell Products or carry out the intent of any part of the Agreement, H Power grants to all of them a non-exclusive license in the intellectual property to be used solely for the purposes of this Agreement.

  • Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given when delivered personally or sent by certified or registered mail, postage prepaid, return receipt requested, duly addressed to the party concerned at the address indicated below or to such changed address as such party may subsequently give notice of: If to H Power: H Power Corp.


More Definitions of H Power

H Power s payment to EFC shall be reduced by an amount not to exceed One Million Dollars ($1,000,000), less any adjustment for taxes, which EFC receives from the sale of Altair Energy, LLC.
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H Power shall perform an effort designed to develop one prototype Xxxx I hybrid power source. The effort shall be carried out in accordance with the Statement of Work (SOW) incorporated in this Agreement at Attachment 1. H Power shall submit all documentation required by Attachment 2, Report Requirements.
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H Power shall make payments to Aerojet as provided in this Section 2.
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H Power shall treat confidentially the Confidential Information and protect the Confidential Information from any disclosure or use not authorized by this Agreement. The Confidential Information may only be disclosed to H Power's officers, directors, consultants, vendors, employees, sub-licensees, and other third parties ("Representatives") who need to know the Confidential Information for purposes within the Field of Use and who have been informed of the confidential and proprietary nature of the Confidential Information and who agree to maintain the confidentiality and limit the use of the Confidential Information in accordance with this Agreement. H Power has or will have an appropriate agreement with each of its Representatives sufficient to enable it to comply with all of the terms of this Agreement.
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Related to H Power

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine speed with the auxiliaries and equipment listed in Table 1 of Annex 4 to this Regulation, determined under reference atmospheric conditions;

  • Active Power has the meaning given to it in the Grid Code;

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy. Surplus Interconnection Customer:

  • Repower means to replace an existing engine with a newer, cleaner engine or power source that is certified by EPA and, if applicable, CARB, to meet a more stringent set of engine emission standards. Repower includes, but is not limited to, diesel engine replacement with an engine certified for use with diesel or a clean alternate fuel, diesel engine replacement with an electric power source (e.g., grid, battery), diesel engine replacement with a fuel cell, diesel engine replacement with an electric generator(s) (genset), diesel engine upgrades in Ferries/Tugs with an EPA Certified Remanufacture System, and/or diesel engine upgrades in Ferries/Tugs with an EPA Verified Engine Upgrade. All-Electric and fuel cell Repowers do not require EPA or CARB certification.

  • Bail-in Power means any statutory cancellation, write-down and/or conversion power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, or any other applicable laws or regulations, as amended, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or obligations of the obligor or any other person.

  • UK Bail-in Power means any write-down, conversion, transfer, modification and/or suspension power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in the United Kingdom in effect and applicable in the United Kingdom to the Company or other members of the Group, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of any applicable European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, and/or within the context of a U.K. resolution regime under the U.K. Banking Act 2009, as the same has been or may be amended from time to time (whether pursuant to the U.K. Financial Services (Banking Reform) Act 2013, secondary legislation or otherwise), pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled, amended, transferred and/or converted into shares or other securities or obligations of the obligor or any other person.

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • Market power means the ability to impose on customers a sustained price for a product or service above the price that would prevail in a competitive market.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.