Acceptance of Energy Sample Clauses

Acceptance of Energy. Accept such energy for the remainder of this Agreement’s term.
Sample 1Sample 2Sample 3
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Acceptance of Energy. (a) Prior to the Commercial Operation Date, the BL&P shall use reasonable efforts to accept, but shall have no obligation to take, the Net Output from the Facility produced during the Interim Period. (b) Notwithstanding Section 5.1 (a), the BL&P may, but shall have no obligation to accept Energy in excess of 102% of the Energy Bid. (c) Notwithstanding Section 5.1 (a), the BL&P may, on seven (7) days prior written notice to the RE Supplier, acting reasonably and in good faith, suspend its obligations therein for so long as the Facility is not operated, maintained or rehabilitated in a manner consistent with Good Utility Practice or in a manner which is non-compliant with the Interconnection Agreement. (d) The RE Supplier's exclusive remedy for any failure of the BL&P to take or purchase any Net Output in accordance with the PPA (which Net Output in such case will be calculated by the RE Supplier, acting reasonably, using reasonable assumptions, data and conversion factors) is a claim for the price payable by the BL&P for such Net Output in accordance with Schedule 2 (and any interest on any such amount owing by the BL&P to the RE Supplier), provided that the foregoing does not affect any rights of the RE Supplier under the PPA. The BL&P shall be given reasonable rights of access to applicable RE Supplier books, records and conversion factors in order to verify the data and Net Output calculations of the RE Supplier. (e) Notwithstanding anything to the contrary, the RE Supplier shall not be entitled to any claim (for compensation or otherwise) in respect of any curtailment, interruption or reduction of the generation or delivery of Energy by the Facility (whether partial or total) which is effected pursuant to the Commercial Operations Date.
Sample 1
Acceptance of Energy. Prior to the Commercial Operation Date, the BLPC shall use reasonable (a) efforts but does not guarantee acceptance of the Net Output from the Facility produced during the Interim Period. If accepted by BLPC the rate for such Energy shall be (NTD: to be determined by the FTC) and set out in Schedule XXX”. (b) Notwithstanding Section 5.1 (a) in respect of an Energy Bid in a rolling (c) five-year period the Net Output provided by an RE Supplier shall be capped at 500%. The BLPC shall have no obligation to accept Energy in excess of the 500% in any rolling five-year period. This percentage may be adjusted in the case of systems providing base load capacity. Commented [A8]: DELETE 5.3 (a) and REPLACE by: (a)Subject to, and in accordance with, the terms and conditions of the PPA, BLPC shall purchase or take the entire Net Output of the Facility (including the entire Net Output during the Interim Period), provided that BLPC may, on seven (7) days prior written notice to the Seller, acting reasonably and in good faith, suspend such obligation for so long as the Facility is not operated, maintained or rehabilitated in a manner consistent with Good Utility Practice or in a manner which is non-compliant with the Generator Interconnection Agreement. The net output is based upon the wind assessment and yield analysis undertaken by third party consultants and the manufacturer in parallel. Due to the variability of the wind from one year to the next, it us recommended for planning and financing purposes to use P75 transgression probability. Thus, there is good science behind the estimate. REPLACE 500% into 600%. (d) (e) (f)
Sample 1

Related to Acceptance of Energy

  • Acceptance of Engagement The successor Servicer will accept its engagement by assuming the Servicer’s obligations under this Agreement or entering into an amendment to this Agreement or a new servicing agreement on substantially the same terms as this Agreement, in a form acceptable to the Owner Trustee and the Indenture Trustee. The successor Servicer will deliver a copy of the assumption, amendment or new servicing agreement to the other parties and the Indenture Trustee. The successor Servicer will accept its engagement as Administrator according to Section 3.5 of the Administration Agreement. Promptly following a successor Servicer’s acceptance of its engagement, the Indenture Trustee will notify the Issuer, the Owner Trustee and the Secured Parties of the engagement. On receipt of a notice of engagement, the Issuer will promptly notify the Rating Agencies and the Asset Representations Reviewer and the Owner Trustee will promptly notify the holder of the Residual Interest.

  • Acceptance of AAU You will have accepted an AAU for an Offering if: (a) we receive your acceptance, prior to the time specified in the Invitation Wire for such Offering, by wire, telex, telecopy or electronic data transmission, or other written communication (any such communication being deemed “In Writing”) or orally (if promptly confirmed In Writing), in the manner specified in the Invitation Wire, of our invitation to participate in the Offering, or (b) notwithstanding that we did not send you an Invitation Wire or you have not otherwise responded In Writing to any such Wire, you: (i) agree (orally or by a Wire) to be named as an Underwriter in the relevant Underwriting Agreement executed by us as Manager, or (ii) receive and retain an economic benefit for participating in the Offering as an Underwriter. Your acceptance of the invitation to participate will cause such AAU to constitute a valid and binding contract between us. Your acceptance of the AAU as provided above or an Invitation Wire will also constitute acceptance by you of the terms of subsequent Wires to you relating to the Offering unless we receive In Writing, within the time and in the manner specified in such subsequent Wire, a notice from you to the effect that you do not accept the terms of such subsequent Wire, in which case you will be deemed to have elected not to participate in the Offering.

  • ACCEPTANCE OF EQUIPMENT The State will provide a written acknowledgment to the Contractor when the Equipment is accepted and performing satisfactorily.

  • Acceptance of Agreement This Agreement shall not be considered accepted, approved or otherwise effective until the statutorily required approvals and certifications have been given.

  • Acceptance of Services Services furnished under this Contract are subject to acceptance by OSU. If OSU finds services furnished to be incomplete or not in compliance with the Contract, OSU, at its sole discretion, may either reject the services, require Contractor to correct any defects without charge, or negotiate with Contractor to reduce the price, whichever OSU deems appropriate under the circumstances. If Contractor is unable or refuses to cure any defects within a time deemed reasonable by OSU, OSU may reject the services and cancel the Contract in whole or in part.

  • Acceptance of Work The completion of the Work shall be subject to acceptance by NYSERDA in writing of all deliverables as defined in Exhibit A, Statement of Work.

  • Acceptance of Order We may in our sole discretion accept an Order in whole or in part. An Order is accepted by us through our trading platform.

  • ACCEPTANCE OF NONCONFORMING WORK If the Owner prefers to accept Work that is not in accordance with the requirements of the Contract Documents, the Owner may do so instead of requiring its removal and correction, in which case the Contract Sum will be reduced as appropriate and equitable. Such adjustment shall be effected whether or not final payment has been made.

  • Acceptance of Orders Orders received by the Representative from the Selected Dealer will be accepted only at the price, in the amounts and on the terms which are set forth in the Company's current Prospectus, subject to allotment in the Representative's uncontrolled discretion. The Representative reserves the right to reject any orders, in whole or in part.

  • Acceptance of the Work 19.1 No act of, or failure to act by, the Owner or the OWNER'S REPRESENTATIVE during the course of the Work, nor any extension of time for the completion of the Work, shall be regarded as an acceptance of such Work or any part thereof, or of materials used therein, either wholly or in part. Acceptance shall be evidenced only by the Final Payment by the Owner to Contractor. Before any final certificate shall issue, Contractor shall execute an affidavit on the certificate that it accepts the same in full payment and settlement of all claims on account of Work done and materials furnished under this Contract, and that all claims for materials provided or labor performed have been paid or set aside in full. No waiver of any breach of this Contract by the Owner or anyone acting on Owner's behalf shall be held as a waiver of any other subsequent breach thereof. 19.2 Contractor agrees to guarantee all work under this Contract for a period of one year from the date of Final Payment by the Owner or within such longer period of time as may be prescribed by law or by the terms of any applicable special guarantee required under terms of Owner’s conditional acceptance of elements of the Work the Owner deems marginally substandard. If any unsatisfactory condition or damage develops within the time of this guarantee period due to materials or workmanship that are defective, inferior, or not in accordance with the Contract, as reasonably determined by the Owner or the OWNER’S REPRESENTATIVE, then the Contractor shall, when notified by the Owner or OWNER’S REPRESENTATIVE, immediately place such guaranteed Work in a condition satisfactory to the Owner or OWNER’S REPRESENTATIVE. Such guarantee shall be in addition to any implied warranty under law or other manufacturer’s or product supplier’s warranty. The provisions of this Article apply to Work done by Subcontractors as well as to Work done by direct employees of the Contractor, and are in addition to any other remedies or warranties provided by law.

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