PPA Supply Amount Adjustment Clause Samples

PPA Supply Amount Adjustment. Unless NGP I has entered into an additional power purchase agreement with Nevada Power Company or an amendment to the Power Purchase Agreement on terms and conditions satisfactory to Required Holders, (i) on or before the last date permitted under the Power Purchase Agreement for such election, Issuer shall cause NGP I to exercise its rights under the Power Purchase Agreement to increase the Supply Amount, the Average Annual Supply Amount and the Maximum Amount by the maximum amount permitted under Section 3.7.1 of the Power Purchase Agreement and (ii) on or before October 1 of each year after the PPA Commercial Operation until the Maturity Date, Issuer shall cause NGP I to exercise its rights under the Power Purchase Agreement to increase the Supply Amount and the Average Annual Supply Amount by the maximum amount permitted under Section 3.7.2 of the Power Purchase Agreement.