Available Relief & Termination Due to Force Majeure. Event a) If, prior to the completion of the 180 (one hundred and eighty) Day period (or any extended period) for a Force Majeure Event commencing from the date of issuance of the Force Majeure Notice, the Parties are of the reasonable view that a Force Majeure Event is likely to continue beyond such 180 (one hundred and eighty) Day period or any extended period agreed in pursuance of Article 11.5 (Performance Excused); or that it is uneconomic or impractical to restore the affected Unit, then the Parties may mutually decide to terminate the PPA, and the termination shall take effect from the date on which such decision is taken. b) Without prejudice to the provisions of Article 11.10.(a) above, the Affected Party shall, after the expiry of the period of 180 (one hundred and eighty) Days or any other mutually extended period, be entitled to forthwith terminate the PPA in its sole discretion by issuing a notice to that effect. c) On termination of the PPA pursuant to Article 11.10.(b): i. no Termination Compensation shall be payable to the SPD. ii. the SPD shall be eligible for undisputed payments under outstanding Monthly Xxxx(s), before the occurrence of Force Majeure Event
Appears in 1 contract
Samples: Power Purchase Agreement
Available Relief & Termination Due to Force Majeure. Event
a) If, prior to the completion of the 180 (one hundred and eighty) Day period (or any extended period) for a Force Majeure Event commencing from the date of issuance of the Force Majeure Notice, the Parties are of the reasonable view that a Force Majeure Event is likely to continue beyond such 180 (one hundred and eighty) Day period or any extended period agreed in pursuance of Article 11.5 7.5 (Performance Excused); or that it is uneconomic or impractical to restore the affected Unit, then the Parties may mutually decide to terminate the PPAPSA, and the termination shall take effect from the date on which such decision is taken.
b) Without prejudice to the provisions of Article 11.10.(a7.10.(a) above, the Affected Party shall, after the expiry of the period of 180 (one hundred and eighty) Days or any other mutually extended period, be entitled to forthwith terminate the PPA PSA in its sole discretion by issuing a notice to that effect.
c) On termination of the PPA PSA pursuant to Article 11.10.(b7.10.(b):
i. no Termination Compensation shall be payable to the SPDRPD/SECI.
ii. the SPD SECI shall be eligible for undisputed payments under outstanding Monthly Xxxx(sBill(s), before the occurrence of Force Majeure Event.
Appears in 1 contract
Samples: Power Sale Agreement
Available Relief & Termination Due to Force Majeure. Event
a) If, prior to the completion of the 180 (one hundred and eighty) Day period (or any extended period) for a Force Majeure Event commencing from the date of issuance of the Force Majeure Notice, the Parties are of the reasonable view that a Force Majeure Event is likely to continue beyond such 180 (one hundred and eighty) Day period or any extended period agreed in pursuance of Article 11.5 (Performance Excused); or that it is uneconomic or impractical to restore the affected Unit, then the Parties may mutually decide to terminate the PPA, and the termination shall take effect from the date on which such decision is taken.
b) Without prejudice to the provisions of Article 11.10.(a) above, the Affected Party shall, after the expiry of the period of 180 (one hundred and eighty) Days or any other mutually extended period, be entitled to forthwith terminate the PPA in its sole discretion by issuing a notice to that effect.
c) On termination of the PPA pursuant to Article 11.10.(b):
i. no Termination Compensation shall be payable to the SPD.
ii. the SPD shall be eligible for undisputed payments under outstanding Monthly Xxxx(sBill(s), before the occurrence of Force Majeure Event
Appears in 1 contract
Samples: Power Purchase Agreement
Available Relief & Termination Due to Force Majeure. Event
a) If, prior to the completion of the 180 (one hundred and eighty) Day period (or any extended period) for a Force Majeure Event commencing from the date of issuance of the Force Majeure Notice, the Parties are of the reasonable view that a Force Majeure Event is likely to continue beyond such 180 (one hundred and eighty) Day period or any extended period agreed in pursuance of Article 11.5 (Performance Excused); or that it is uneconomic or impractical to restore the affected Unit, then the Parties may mutually decide to terminate the PPA, and the termination shall take effect from the date on which such decision is taken.
b) Without prejudice to the provisions of Article 11.10.(a) above, the Affected Party shall, after the expiry of the period of 180 (one hundred and eighty) Days or any other mutually extended period, be entitled to forthwith terminate the PPA in its sole discretion by issuing a notice to that effect.
c) On termination of the PPA pursuant to Article 11.10.(b):
i. no Termination Compensation shall be payable to the SPDRPD.
ii. the SPD RPD shall be eligible for undisputed payments under outstanding Monthly Xxxx(sBill(s), before the occurrence of Force Majeure Event
Appears in 1 contract
Samples: Power Purchase Agreement