RATIFICATION OF POWER CONTRACT Sample Clauses

RATIFICATION OF POWER CONTRACT. The parties hereby ratify and confirm that the Power Contract, as amended by this Amendment, is their continuing obligation. The effective date of this Amendment is the effective date of the IP Product Agreement. CORE SCIENTIFIC, INC. By: /s/ Xxxxx X Xxxxxxxxx Title: Chief Power Officer Date: 4/28/2020 TENNESSEE VALLEY AUTHORITY By: /s/ Xxxx Xxxxx Xxxxx XX Director Power Customer Contracts 2020.04.30 FIRM POWER CONTRACT DEMAND CHANGE Contract No. 80198933 Supp. No. 12 This Amendment is between CORE SCIENTIFIC, INC. (“Company”), a Delaware corporation, and TENNESSEE VALLEY AUTHORITY (“TVA”), a corporate agency and instrumentality of the United States of America, created and existing under and by virtue of the Tennessee Valley Authority Act of 1933, as amended. Company purchases firm power from TVA under Contract No. 80198933, effective May 1, 2019, as amended (“Power Contract”), for the operation of Company’s plan near Xxxxxxx City, Kentucky. Company and TVA entered into Contract No. 98829859, effective May 1, 2020 (“IP Contract”), covering arrangements for Company to participate in TVA’s Interruptible Power Product. The parties want to amend the Power Contract to increase the amount of firm power made available to Company.
Sample 1
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RATIFICATION OF POWER CONTRACT. Except as otherwise provided herein, all terms of the Power Contract remain unchanged and in full force and effect. The parties hereby ratify and confirm that the Power Contract, as supplemented and amended by this Amendment, is their continuing obligation. The parties are signing this Amendment to be effective on the first day of the first full billing month following TVA’s signature. CORE SCIENTIFIC, INC. By /s/ Xxxxx Xxxxxxxxx Title: Chief Power Officer Date: 2-17-2021 TENNESSEE VALLEY AUTHORITY By /s/ Xxxx Xxxxx Xxxxx XX Digitally signed Date:2021.02.25 Director Power Customer Contracts
Sample 1

Related to RATIFICATION OF POWER CONTRACT

  • Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and

  • Ratification of Agreement As supplemented by this Supplement, the Agreement is in all respects ratified and confirmed and the Agreement as so supplemented by this Supplement shall be read, taken and construed as one and the same instrument.

  • Ratification and Confirmation of Agreement In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.

  • Authorization of Agreement, Etc The Borrower has the right and power, and has taken all necessary action to authorize it, to borrow and obtain other extensions of credit hereunder. The Borrower and each other Loan Party has the right and power, and has taken all necessary action to authorize it, to execute, deliver and perform each of the Loan Documents to which it is a party in accordance with their respective terms and to consummate the transactions contemplated hereby and thereby. The Loan Documents to which the Borrower or any other Loan Party is a party have been duly executed and delivered by the duly authorized officers of such Person and each is a legal, valid and binding obligation of such Person enforceable against such Person in accordance with its respective terms except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein may be limited by equitable principles generally.

  • Ratification of Agreements The Original Agreement as hereby amended is hereby ratified and confirmed in all respects. The Loan Documents, as they may be amended or affected by this Amendment, are hereby ratified and confirmed in all respects. Any reference to the Credit Agreement in any Loan Document shall be deemed to be a reference to the Original Agreement as hereby amended. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders under the Credit Agreement, the Notes, or any other Loan Document nor constitute a waiver of any provision of the Credit Agreement, the Notes or any other Loan Document.

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Ratification, Etc Except as expressly amended hereby, the Credit Agreement and all documents, instruments and agreements related thereto, including, but not limited to the Security Documents, are hereby ratified and confirmed in all respects and shall continue in full force and effect. The Credit Agreement and this Amendment shall be read and construed as a single agreement. All references in the Credit Agreement or any related agreement or instrument to the Credit Agreement shall hereafter refer to the Credit Agreement as amended hereby.

  • Authorization of Agreement This Agreement has been duly authorized, executed and delivered by the Company.

  • Authorization of Power of Attorney and Custody Agreement The Power of Attorney and Custody Agreement, in the form heretofore furnished to the Representatives (the “Power of Attorney and Custody Agreement”), has been duly authorized, executed and delivered by such Selling Shareholder and is the valid and binding agreement of such Selling Shareholder.

  • Ratification and Confirmation Except as specifically amended herein, the Note Agreement shall remain in full force and effect, and is hereby ratified and confirmed.

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