Satisfaction of Requirements. Any and all legal requirements for the provisions of this Agreement to constitute restrictive covenants running with the land of the Project and applying to the Project as a whole, or to create equitable servitudes with respect to same in favor of OHCS, are deemed satisfied in full.
Satisfaction of Requirements. The Parties hereby acknowledge that, as of the date hereof, all of the obligations, requirements and arrangements under Clauses 4.1 through 4.3 above have been satisfied in full.
Satisfaction of Requirements. The issuance by the Corporation of this Agreement, together with the 1997 Plan Option and the 1992 Plan Option, constitutes complete satisfaction of the obligations of the Corporation under Section III (G) of the Employment Agreement.
Satisfaction of Requirements. The Parties hereby acknowledge that as of the date hereof, all of the obligations, requirements and arrangements under Clause 12 with respect to the Metering System of the Early Generation Facility and of the First Plant have been satisfied in full.
Satisfaction of Requirements. The Parties acknowledge that all of the obligations, requirements and arrangements under Clauses 11.9.1 through 11.9.3 have been satisfied in full, and shall cease to be applicable to the Project, as of the occurrence of both the Effective Date and of OrPowers4’s receipt of the amendment to GOK Letter incorporating the Fourth Plant in a form agreed by OrPower 4 and the GOK os required under the definition of the ״Establishment Date of the Fourth Plant."
4.4 The Parties recognize that if, pursuant to one or more Subsequent Notices of Fourth Plant Exercise, the total combined Contracted Capacities of the Plants shall exceed 150 MW, an additional 220 kV transmission line may be required to be constructed between the Olkaria III facility and the Olkaria II substation in order to ensure system stability and reliability. Accordingly, the following new paragraph will be added to Part C of Schedule 2, as clause 14.13:
Satisfaction of Requirements. The Parties hereby acknowledge that, as of the date hereof, all of the obligations, requirements and arrangements under Clauses 3.1 through 3.5 above and under Clause 3.6 with respect to the First, Second and Third Plants have been satisfied in full, and each of the Effective Date and the Full Commercial Operation Date of each of the First, Second and Third Plants has already occurred.
Satisfaction of Requirements. The Parties hereby acknowledge that, as of the date hereof, all of the obligations, requirements and arrangements under Clauses 5.1 through 5.10 and under Clause 5.11 above have been satisfied in full (aside from Clause 5.4A which is a continuing obligation), and that the Contracted Plant Capacity of the First Plant was determined pursuant to the Appraisal Works and the Appraisal Programme at 48 MW, the Contracted Plant Capacity of the Second Plant has been determined at 36 MW, the Contracted Plant Capacity of the Third Plant has been determined at 16 MW under the Notice of Third Plant Exercise, and the Contracted Plant Capacity of the Fourth Plant shall be determined (up to 50 MW) under the Notice(s) of Fourth Plant Exercise.
Satisfaction of Requirements. The Parties hereby acknowledge that as of the date hereof, all of the obligations, requirements and arrangements under Clauses 6.1, through 6.5, 6.7, and 6.8 with respect to the Appraisal Works, the Early Generation Facility, the First Plant, the Second Plant, and the Third Plant have been satisfied in full.
Satisfaction of Requirements. The Parties hereby acknowledge that as of the date hereof, all of the obligations, requirements and arrangements under Clauses 7.1 through 7.14 with respect to the Early Generation Facility, and the First, Second, and Third Plants, including KPLC’s Transmission Interconnector, have been satisfied in full.
Satisfaction of Requirements. The Parties hereby acknowledge that all of the Conditions Precedent referred to under Clause 16.7 have been fulfilled.
