Examples of Defaulting Entity in a sentence
In case of the outstanding dues or in case the required Letter of Credit or any other agreed Payment Security Mechanism is not maintained as per the Agreement, the generating company or the transmission licensee, as the case may be, may serve a notice for regulation of power supply, on the Defaulting Entity, for reducing the drawal schedule in the case of the generating company……..
Provided that the notice and request for preparing implementation plan of regulation of power supply shall be served on the Defaulting Entity, concerned Regional Load Despatch Centre, State Load Despatch Centre, and Regional Power Committee and shall also be posted on the website of the Regulating Entity at least three (3) days in advance of the proposed date of commencement of regulation of power supply.
In case the Regulating Entity decides to withdraw or postpone the regulation of power supply, it shall communicate its decision in writing to the concerned Regional Load Despatch Centre or State Load Despatch Centre, as the case may be, and the Defaulting Entity, along with reasons thereof.
The Generating Company shall inform the Regional Load Despatch Centre or the State Load Despatch Centre, as the case may be, the Defaulting Entity and Member-Secretary, Regional Power Committee of the region, of the quantum, duration and rate of such sale.
On the request of a Transmission Licensee for Regulating the power supply, the Regional Load Despatch Centre may, under intimation to the concerned generating company, curtail the medium-term open access or long-term access of the allocated power or power supply contracted by the Defaulting Entity, on account of regulation according to the notice served under Regulation 4 of these regulations, preferably from the cheapest generating station in that corridor.
In case of the outstanding dues or in case the required Letter of Credit or any other agreed Payment Security Mechanism is not maintained as per the Agreement, the generating company or the transmission licensee, as the case may be, may serve a notice for regulation of power supply, on the Defaulting Entity, for reducing the drawl schedule in the case of the generating company or with-drawl of open access/access to Inter State Transmission System in the case of the transmission licensee..
The second specification uses all agencies in our dataset established in 1945 or later, and includes controls for the composition of government and presidential approval.
NTPC Limited has suggested an alternative methodology under which the Regulating Transmission licensee shall serve a notice for withdrawal of Transmission Access (Long-term or medium-term) granted to the Defaulting Entity, and then the Regulation is to be implemented by restricting the scheduled drawal from the generating station.
The amount of any payment made pursuant to Section 5.3(f) or Section 5.5(b) hereof shall be assessed against the Parcel of the Defaulting Entity.
If the Agent comprises 2 Entities and RWWA determines that the acts or omissions of only 1 of the 2 Entities ( Defaulting Entity) has given RWWA the ability to exercise its powers under this Agreement against the Agent, then RWWA may, at its option, exercise those powers against the Defaulting Entity and not against the other Entity.