Common use of Sale to Utility Clause in Contracts

Sale to Utility. Subject to, and in accordance with, the terms of this Agreement, the Developer shall make available and sell to Utility, and Utility shall purchase from Developer (on a “take or pay” basis), the Net Energy Output of the Project, up to a maximum of [maximum output capacity or lesser contracted amount]ii plus or minus [variance allowance, based on manufacturer specifications] percent, beginning on the Commercial Operations Date.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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