Common use of Delivery Term Clause in Contracts

Delivery Term. The Seller shall deliver the Product from the Facility to Buyer for the period of Contract Years specified in the Cover Sheet (“Delivery Term”), which shall commence on the Commercial Operation Date under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Commercial Operation Date shall occur only when all of the following conditions precedent have been satisfied: 2.5.1. the Facility’s status as an Eligible Renewable Energy Resource is demonstrated by Seller’s receipt of pre-certification from the CEC; 2.5.2. if required pursuant to Section 3.7, the Facility’s status as a Qualifying Facility is demonstrated by Seller’s receipt of a docket number assigned to Seller’s filing of FERC Form 556; 0.0.0. xx evidence of the Commercial Operation Date, the Parties shall execute and exchange the “Commercial Operation Date Confirmation Letter” attached as Appendix B; 2.5.4. Seller has provided to Buyer the Collateral Requirement specified in Section 12; 2.5.

Appears in 7 contracts

Samples: Bioenergy Market Adjusting Tariff Power Purchase Agreement, Contract Modification, Contract Modification

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Delivery Term. The Seller shall deliver the Product from the Facility to Buyer for the period of Contract Years specified in the Cover Sheet (“Delivery Term”), which shall commence on the Commercial Operation Date under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Commercial Operation Date shall occur only when all of the following conditions precedent have been satisfied: 2.5.1. the Facility’s status as an Eligible Renewable Energy Resource is demonstrated by Seller’s receipt of pre-certification from the CEC; 2.5.2. if required pursuant to Section 3.7, the Facility’s status as a Qualifying Facility is demonstrated by Seller’s receipt of a docket number assigned to Seller’s filing of FERC Form 556; 0.0.0. xx evidence of the Commercial Operation Date, the Parties shall execute and exchange the “Commercial Operation Date Confirmation Letter” attached as Appendix B; 2.5.4. Seller has provided to Buyer the Collateral Requirement specified in Section 12; 2.52.

Appears in 3 contracts

Samples: Contract Modification, Power Purchase Agreement, Power Purchase Agreement

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Delivery Term. The Seller shall deliver the Product from the Facility to Buyer for the period of Contract Years specified in the Cover Sheet (“Delivery Term”), which shall commence on the Commercial Operation Date under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Commercial Operation Date shall occur only when all of the following conditions precedent have been satisfied: 2.5.1. the Facility’s status as an Eligible Renewable Energy Resource is demonstrated by Seller’s receipt of pre-certification from the CEC; 2.5.2. if required pursuant to Section 3.7, the Facility’s status as a Qualifying Facility is demonstrated by SellerXxxxxx’s receipt of a docket number assigned to Seller’s filing of FERC Form 556; 0.0.0. xx evidence of the Commercial Operation Date, the Parties shall execute and exchange the “Commercial Operation Date Confirmation Letter” attached as Appendix B; 2.5.4. Seller has provided to Buyer the Collateral Requirement specified in Section 12; 2.52.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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