Common use of Notification of satisfaction Clause in Contracts

Notification of satisfaction. (a) The COD Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV within 5 Business Days after becoming aware of the satisfaction of each COD Condition. The notice must include evidence reasonably required to demonstrate that the COD Condition has been satisfied in accordance with this agreement. (c) LTES Operator is taken to not achieve the COD Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the COD Conditions set out in clauses 8.1(a) and 8.1(b) (“COD Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 5 contracts

Samples: Project Development Agreement, Project Development Agreement, Project Development Agreement

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Notification of satisfaction. (a) The COD Generation Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV within 5 Business Days after becoming aware of the satisfaction of each COD Generation Condition. The notice must include evidence reasonably required to demonstrate that the COD Generation Condition has been satisfied in accordance with this agreement. (c) LTES Operator is taken to not achieve the COD Generation Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the COD Generation Conditions set out in clauses 8.1(a) and 8.1(b) (“COD Generation Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 2 contracts

Samples: Project Development Agreement, Project Development Agreement

Notification of satisfaction. (a) The COD Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV SFV:‌ (i) with respect to each COD Condition that has been satisfied prior to the Signing Date, within 20 Business Days after the Signing Date; and (ii) with respect to each COD Condition satisfied after the Signing Date, within 5 Business Days after becoming aware of the satisfaction of each the relevant COD Condition. The notice must include evidence reasonably required to demonstrate that the COD Condition has been satisfied in accordance with this agreement. (c) LTES Operator is taken to not achieve the COD Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the COD Conditions set out in clauses 8.1(a) and 8.1(b) (“COD Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 1 contract

Samples: Project Development Agreement

Notification of satisfaction. (a) The Generation COD Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV within 5 Business Days after becoming aware of the satisfaction of each Generation COD Condition. The notice must include evidence reasonably required to demonstrate that the Generation COD Condition has been satisfied in accordance with this agreement. (c) LTES Operator is taken to not achieve the Generation COD Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the Generation COD Conditions set out in clauses 8.1(a) and 8.1(b) (“Generation COD Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 1 contract

Samples: Project Development Agreement

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Notification of satisfaction. (a) The COD Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV within 5 Business Days after becoming aware of the satisfaction of each COD Condition. The notice must include evidence reasonably required to demonstrate that the COD Condition has been satisfied in accordance with this agreement.agreement.‌ (c) LTES Operator is taken to not achieve the COD Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the COD Conditions set out in clauses 8.1(a) and 8.1(b) (“COD Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 1 contract

Samples: Project Development Agreement

Notification of satisfaction. (a) The Generation COD Conditions are for the benefit of SFV and may only be waived by SFV in writing. (b) LTES Operator must notify SFV within 5 Business Days after becoming aware of the satisfaction of each Generation COD Condition. The notice must include evidence reasonably required to demonstrate that the Generation COD Condition has been satisfied in accordance with this agreement. (c) LTES Operator is taken to not achieve the Generation COD Conditions unless and until LTES Operator delivers to SFV: (i) a report, which LTES Operator has commissioned and received from an independent engineering firm nominated by LTES Operator and approved by SFV, and upon which SFV may rely, confirming that the Generation COD Conditions set out in clauses 8.1(a) and 8.1(b) (“Generation Generation COD Conditions”) have been satisfied; and (ii) certification by a director of LTES Operator that the information contained in each notice from LTES Operator to SFV under paragraph (b) is true and correct, which may accompany LTES Operator’s notice to SFV under paragraph (b).

Appears in 1 contract

Samples: Project Development Agreement

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