Purchase and Sale of Steam Sample Clauses

Purchase and Sale of Steam. Except for steam from the Test Unit which will be delivered free to Aera, Greensteam agrees to sell and deliver and Aera agrees to purchase and accept all the Steam generated by Greensteam from the Project in accordance with the terms and conditions set forth below. Each Unit within the Project shall be subject to this SUSSPA, and to the provisions of the other Site-Specific Agreements and the Program Agreement, effective as of the Steam Production Commencement Date for such Unit.
Sample 1
AutoNDA by SimpleDocs
Purchase and Sale of Steam. Buyer hereby agrees to purchase from Seller, and Seller hereby agrees to sell to Buyer, all of Buyer's steam requirements, except as provided in Section 2.5.
Sample 1
Purchase and Sale of Steam. During the Term (as hereinafter defined), Con Edison shall [continue to] sell to Customer, and Customer shall [continue to] purchase from Con Edison, steam service in accordance with the terms and conditions applicable to [Customer’s existing] Service Classification on Con Edison’s Schedule for Steam Service, as set forth in Tariff [SC-2] OR [SC-3]. Customer acknowledges that the rules governing such Tariff may change during the Term. Customer further agrees to operate and maintain the Incentivized Equipment during the Term.
Sample 1
Purchase and Sale of Steam. A. From the Commencement Date and throughout the remainder of the Term, the Customer will purchase, on its own behalf and on behalf of all Ancillary Customers, all of the Customer's and the Ancillary Customers' requirements for steam and the Company will supply the steam necessary to meet these requirements; provided, however, that the Company shall have no obligation to provide steam at a rate in excess of 450,000 pounds per hour or more than a maximum annual average of 230,000 pounds of steam per hour (a total of 2,014,800,000 pounds during any twelve (12) month period). The Customer shall use its best efforts to schedule its demands for steam to avoid any demand for an amount of steam in excess of the maximum annual amount provided for in the preceding sentence. In no event shall any failure of the Company to provide steam in an amount in excess of any such maximum in any period constitute a default by the Company under this Agreement, the Operating Agreement or the Lease Agreement. The Customer shall be required to accept delivery of and pay for during each successive 12-month period during the Term commencing with the first month beginning after the Commencement Date a quantity of steam (the "Minimum Annual Requirement") equal to the lesser of (i) the minimum amount required to maintain the status of the Facility as a qualifying cogeneration facility under the Public Utility Regulatory Policies Act of 1978 and the regulations promulgated under it or (ii) 60,000 pounds of steam per hour (a total of 525,600,000 pounds in any 12 month period). In the case of any interruption or discontinuance of the supply of steam to Customer which is not the fault of the Customer, the Minimum Annual Requirement shall be reduced proportionately in accordance with the season during which the interruption or discontinuance occurs, based upon historical usages. The Customer shall indemnify the Company for any liability for state or local sales, use or similar taxes, if any, that would be imposed upon the Customer for the Company's sale of steam to the Customer. The Customer may submeter and separately charge all Ancillary Customers for steam delivered to Ancillary Customers, but Customer shall be primarily, and not secondarily or as a surety, obligated to pay the Company for all steam so delivered. The Customer's requirements for steam shall mean (i) all steam distributed by the Customer through its steam distribution system for its own use and (ii) all steam delivered to ...
Sample 1
Purchase and Sale of Steam. Subject to the terms and conditions of this Agreement, Seller agrees to produce, deliver to the Steam Points of Delivery as and when required by Buyer, and sell all of the steam which Buyer requires for use at the Plant, subject to the maximum amount set forth in Appendix A, which steam shall meet the specifications described in Appendix A hereto. Except as provided in Section 3.3 hereof, Buyer agrees to purchase from Seller all of the steam it requires at the Plant and use on the output of the Cogeneration Facility to meet Buyer's steam requirement at Buyer's Plant. Seller's obligation to produce and deliver sufficient steam to satisfy all of Buyer's steam requirements at its Plant is limited to the amount specified in Appendix ; provided, however, that if Seller delivers steam to Buyer in an amount in excess of the amount so specified, the terms of this Agreement shall govern the purchase by Buyer of any such excess amount.
Sample 1
Purchase and Sale of Steam. 2.1 NEA shall sell and deliver to BOC BOC's requirements for Steam at the Facility, up to a maximum flow rate of 100,000 pounds of Steam per hour. BOC shall purchase and accept Steam produced by the NEA Plant provided that the Steam delivered to BOC shall meet the Specifications. 2.2 Subject to Section 7 below, when and to the extent that the NEA Plant is operating, NEA shall make Steam available to BOC at the battery limits between the NEA Plant and the Facility referenced on drawing # 624700-4-0151, Rev 5, Exhibit E (the "Delivery Point"). 2.3 BOC shall apply such Steam solely to thermal use within the meaning of the NEA Plant's thermal use requirements for "qualifying facility" status (its "QF Status") under the Public Utility Regulatory Policy Act of 1978 and the regulations issued thereunder, attached hereto as Exhibit C. 2.4 BOC shall nominate in writing the expected consumption levels of Steam on a monthly basis prior to the close of business on the last day of each preceding month. On the tenth business day following the end of the first and second quarters and on the tenth business day of each calendar month thereafter, NEA shall advise BOC in writing of the amounts of Steam BOC must take which are sufficient for NEA to maintain its QF Status under applicable regulations and BOC shall operate the Facility so as to utilize such amount of Steam. 3. STEAM QUANTITY OBLIGATION BOC shall be obligated to take delivery of 473 million pounds of Steam during each calendar year of the Supply Period to be made available or delivered at an average hourly flow rate of 54,000 lbs/hr at anytime when Flue Gas and Power are made available to BOC pursuant to the Relevant Agreements; provided, that during any period in which the NEA Plant is not producing Steam and Flue Gas or Power is unavailable or neither turbine is operating on natural gas, then BOC's obligation to take delivery of 473 million pounds of Steam shall be reduced on an hourly basis by 54,000 pounds during such time; provided further that BOC shall not be in material breach of this Agreement for any failure to take 473 million pounds of Steam during each calendar year of the Supply Period if at the end of such calendar year BOC takes sufficient Steam for NEA's Plant to maintain its QF Status. NEA shall not be required to operate the NEA Plant solely to furnish Steam to BOC, but at all times that NEA is producing Steam at the NEA Plant, NEA must deliver sufficient Steam at a minimum of 54,000 lbs/hr to...
Sample 1

Related to Purchase and Sale of Steam

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $7.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of Services During each Contract Year, SABINE shall make available to Customer, and Customer shall purchase and pay for in an amount equal to the Fee, the Services as described in Section 3.1(b).

  • Purchase and Sale of the Units At the Closing, upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign, transfer, deliver and convey to the Buyer, free and clear of any Liens, and the Buyer shall purchase, accept and acquire from the Seller, the Units.

  • Purchase and Sale of Note Subject to the terms and conditions of this Agreement, the Seller hereby agrees to issue to the Purchaser and the Purchaser hereby agrees to acquire from the Seller a certain Convertible Promissory Note (“Note”) in the aggregate principal amount of Fifty Thousand Dollars ($50,000), a copy of which is attached hereto as Exhibit “A”.

  • Purchase and Sale of Notes Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Purchase and Sale of Assets (a) Upon and subject to the terms and conditions of this Agreement, the Buyer shall purchase from the Seller, and the Seller shall sell, transfer, convey, assign and deliver to the Buyer, at the Closing, for the consideration specified below in this Article I, all right, title and interest in, to and under the Acquired Assets.

  • Purchase and Sale of Shares Closing Subject to the terms and conditions of this Agreement, the Company agrees to sell to Purchaser at the Closing, and Purchaser agrees to purchase from the Company at the Closing, 10,000,000 shares of Common Stock (the “Shares”), at a price per share of $6.00 (the “Purchase Price”). Subject to the satisfaction or waiver of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur on the date hereof at the offices of Xxxxxxxx & Xxxxxxxx or such other location as the parties shall mutually agree.

  • Purchase and Sale of the Assets (a) Purchase and Sale of the Assets. Subject to the terms and conditions of this Agreement and on the basis of the representations, warranties, covenants and agreements herein contained:

Time is Money Join Law Insider Premium to draft better contracts faster.