Purchase and Sale of Capacity Credits Sample Clauses

Purchase and Sale of Capacity Credits. (a) Subject to the terms and conditions herein, Seller shall sell and deliver Capacity Credits to Buyer, and, in consideration thereof, Buyer shall make Monthly Payments to Seller in accordance with Section 4.1. Seller shall deliver Capacity Credits from the Facility to satisfy the Contract Quantity unless and to the extent that Seller determines that the Capacity Credits from the Facility will not be sufficient to satisfy the Contract Quantity. In such circumstances, Seller shall have the right to deliver Capacity Credits from any other Planning Resource within MISO South to satisfy its obligations hereunder to deliver the Contract Quantity of Capacity Credits for each Planning Period during the Capacity Credit Term; provided, however, that, if Seller delivers any Capacity Credits from another Planning Resource within MISO South, Seller shall use Commercially Reasonable Efforts to deliver Buyer Capacity Credits from a Planning Resource located within Local Resource Zone 9.
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Purchase and Sale of Capacity Credits. (a) Subject to the terms and conditions herein, Seller shall sell and deliver Capacity Credits to Buyer, and, in consideration thereof, Buyer shall make Monthly Payments to Seller in accordance with Section 4.1.
Sample 1

Related to Purchase and Sale of Capacity Credits

  • Purchase and Sale Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Company, at the purchase price set forth in Schedule I hereto the principal amount of the Securities set forth opposite such Underwriter’s name in Schedule II hereto.

  • Open Market Purchases Failure of the Contractor to Perform within the time specified in the Contract, or failure to replace rejected or substandard Goods or fulfill unperformed Services when so requested and as the Contract provides or allows, constitutes a breach of the Contract and as a remedy for such breach, such failure shall constitute authority for DAS, if it deems it to be necessary or appropriate in its sole discretion, to Terminate the Contract and/or to purchase on the open market, Goods or Services to replace those which have been rejected, not delivered, or not Performed. The Client Agency shall invoice the Contractor for all such purchases to the extent that they exceed the costs and expenses in Exhibit B and the Contractor shall pay the Client Agency’s invoice immediately after receiving the invoice. If DAS does not Terminate the Contract, the Client Agency will deduct such open market purchases from the Contract quantities. However, if the Client Agency deems it to be in the best interest of the State, the Client Agency may accept and use the Goods or Services delivered which are substandard in quality, subject to an adjustment in price to be determined by the Client Agency.

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