Preliminary Default Notice definition

Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

Preliminary Default Notice shall have the meaning ascribed thereto in Article 16 of this Agreement.

Preliminary Default Notice shall have the meaning ascribed thereto in ARTICLE 11: of this PPA;

Examples of Preliminary Default Notice in a sentence

• In such an event, the Seller may, at its option, within a period of fifteen (15) days from the date of issue of the Preliminary Default Notice referred to in Article 14.4.2 and if the said default by the Lead Procurer subsists, specify in writing to all the Procurers that the Alternate Lead Procurer shall thereafter act as the Lead Procurer.

• Following the issue of Procurers Preliminary Default Notice, the Consultation Period of sixty (60) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall have to be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all the circumstances.

• Upon the occurrence and continuation of any Developer Event of Default under Clause 17.1, the Authority shall be entitled to terminate this Agreement by issuing a notice stating its intention to terminate this Agreement (Authority’s Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

• For avoidance of any doubt, in case of SECI’s Preliminary Default Notice served in line with Article 13.1.1 (i) and leading to the Consultation Period, terms of Article 4.6.1 shall be applicable during such Consultation Period, irrespective of the outcome during such consultation period.

• Procurer shall, simultaneously to delivering a Procurer Preliminary Default Notice to the Power Producer, also issue a copy of it to the Lenders.

• JBVNL shall, simultaneously to delivering a JBVNL Preliminary Default Notice to the Developer, also issue a copy of it to the Lenders.

• Procurer Preliminary Default Notice Procurer shall, simultaneously to delivering a Procurer Preliminary Default Notice to the Power Producer, also issue a copy of it to the Lenders.

• Following the issue of a DISCOM Preliminary Default Notice, the Consultation Period of ninety (90) days or such longer period as the Parties may agree, shall apply and it shall be the responsibility of the Parties to discuss as to what steps shall be taken with a view to mitigate the consequences of the relevant Event of Default having regard to all thecircumstances.

• Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

• Upon the occurrence and continuation of any RPG Event of Default under Article 13.1, DISCOM shall have the right to deliver to the RPG, with a copy to the representative of the lenders to the RPG with whom the RPG has executed the Financing Agreements, a notice stating its intention to terminate this Agreement (DISCOM Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of suchnotice.

More Definitions of Preliminary Default Notice

Preliminary Default Notice means the Power Sale Agreement entered between the Discom and NTPC (NTPC-Discom PSA) for selling the bundled power as per the provisions of Guidelines for selection of Grid-connected Solar- PV Power Projects under “State Specific Bundling Scheme” under Batch-II, Tranche-I of NSM Phase-II and annexed hereto as Schedule 3 of this Agreement; shall have the meaning ascribed thereto in Article 13 of this Agreement;

Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement; Project Site Shall mean the site for the Project , defined under the terms of the Waste Concession Agreement as the land at Arjun Das Camp, made available to G20ESG as the REPD and the Concessionaire by NDMC under the terms of those Agreements. The Project Site also contains the Delivery Point ; “Prudent Utility Practices” shall mean the practices, methods and standards that are generally accepted internationally from time to time by electric utilities for the purpose of ensuring the safe, efficient and economic design, construction, commissioning, operation and maintenance of po wer generation equipment and which practices, methods and standards shall be adjusted as necessary, to take account of: a) operation and maintenance guidelines recommended by the manufacturers of the plant and equipment to be incorporated in the Power Pro ject;b) the requirements of Indian Law; and the physical conditions at the site of the Power Project; “Purchaser” shall refer to NDMC as the purchaser of the electricity delivered by the REPD under the terms of this Agreement and in accordance with Article 9 of this Agreement;

Preliminary Default Notice means [………] MW, being Installed Capacity of the Power Station measured at the bus-bar, reduced by the normative auxiliary power consumption as prescribed by CERC from time to time; In case of a dedicated transmission line connecting the bus-bar and the Interconnection Point, the Power Station’s Net Capacity shall be ….MW, being the Installed Capacity of the Power Station measured at the Interconnection Point and reduced by the normative auxiliary power consumption and losses, if any, of such dedicated transmission line; shall have the meaning ascribed thereto in Article 11 of this Agreement;

Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement; Production obligation of Manufacturer Manufacturing capacity of solar PV modules, cells, wafers and ingots should start commercial production within three years of effective date of Package-I PPAs and should produce at least 80% of the installed capacity within 1st year and 90% of the installed capacity within 2nd year of the commencement of commercial operation.