Common use of Deemed Energy Payment before the Commercial Operation Date Clause in Contracts

Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP  EO CER

Appears in 1 contract

Samples: Power Purchase Agreement Photovoltaic

Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP  EO  CER

Appears in 1 contract

Samples: Power Purchase Agreement

Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period COD ("the Delay Period") shall be determined as followsin paragraph 2 (Deemed Energy Payment After the Commercial Operation Date), provided that:

Appears in 1 contract

Samples: Power Purchase Agreement

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Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP = EO × CER

Appears in 1 contract

Samples: Power Purchase Agreement

Deemed Energy Payment before the Commercial Operation Date. 3.1 Where the Compensation Event or System Event entitling the Seller to the Deemed Energy Payment commences before the Commercial Operation Date and causes a delay of the Commercial Operation Date beyond the applicable Scheduled COD, the Deemed Energy Payment for the period by which the Commercial Operation Date is delayed beyond the Scheduled COD, subject to application of the Allowed Grid Unavailability Period ("the Delay Period") shall be determined as follows:: DEP  AEfor  CER1000

Appears in 1 contract

Samples: Power Purchase Agreement

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