The Procurement Contract Sample Clauses

The Procurement Contract. 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, the Utility hereby awards to the Aggregator the procurement contract set forth herein for supply of electricity thereof to the Utility (the “Procurement Contract”) for a period of 3 (Three) years commencing from the Appointed Date, and the Aggregator hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. 3.1.2 Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Aggregator to: (a) ensure to procure Availability of the Contracted Capacity for supply of electricity thereof to the Utility under and in accordance with the provisions of this Agreement, save and except as expressly provided in the Agreement; (b) to receive Tariff and Trading Margin in accordance with the provisions of this Agreement; (c) perform and fulfil all of the Aggregator‟s obligations under and in accordance with this Agreement; (d) save as otherwise expressly provided in this Agreement, bear and pay all costs, expenses and charges in connection with or incidental to the performance of the obligations of the Aggregator under this Agreement; and (e) neither assign, transfer or sub-let or create any lien or Encumbrance on this Agreement, or the Procurement Contract hereby granted or on the whole or any part of the Power Station nor sell, transfer, exchange, lease or part possession thereof, save and except as expressly permitted by this Agreement”
Sample 1Sample 2See All (11)
The Procurement Contract. 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, the Aggregator hereby awards to the Supplier the procurement contract set forth herein for producing electricity at the Power Station and for supply thereof to the Aggregator (the “Procurement Contract”) for a period of 3 (Three) years commencing from the Appointed Date , and the Supplier hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. 3.1.2 Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Supplier to: (a) finance, own, operate and maintain the Power Station in accordance with this Agreement,; (b) procure Availability of the Contracted Capacity for production of electricity and supply thereof to the Aggregator under and in accordance with the provisions of this Agreement, save and except as expressly provided in the Agreement; (c) to receive Tariff in accordance with the provisions of this Agreement;
Sample 1Sample 2Sample 3See All (5)
The Procurement Contract. 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, GRIDCO hereby awards to the Supplier the procurement contract set forth herein [for producing electricity at the Power Station” if Supplier is NOT a Trading Licensee] for supply thereof to GRIDCO (the “Procurement Contract”) for a period of 4 (four) years which can be extended by 1 or 2 years and the Supplier hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. 3.1.2 Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Supplier to: (a) finance, own, operate and maintain the Power Station in accordance with this Agreement” if Supplier is NOT a Trading Licensee, or ensure that the Developer finances, owns, operates and maintains the Power Station in accordance with this Agreement” if Supplier is a Trading Licensee]; (b) [procure if Supplier is NOT a Trading Licensee, or ensure that the Developer procures if Supplier is a Trading Licensee] Availability of the Contracted Capacity for production of electricity and supply thereof to GRIDCO under and in accordance with the provisions of this Agreement, save and except as expressly provided in the Agreement; (c) to receive Fixed Charge from the GRIDCO in respect of the Availability of Contracted Capacity; (d) to receive Variable Charge in accordance with the provisions of this Agreement; (e) perform and fulfil all of the Supplier’s obligations under and in accordance with this Agreement; (f) save as otherwise expressly provided in this Agreement, bear and pay all costs, expenses and charges in connection with or incidental to the performance of the obligations of the Supplier under this Agreement.
Sample 1
The Procurement Contract. 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, the Utility hereby awards to the Supplier the procurement contract set forth herein [for producing electricity at the Power Station” if Supplier is NOT a Trading Licensee] for supply thereof to the Utility (the “Procurement Contract”) for a period of 3 (Three) years commencing from the Appointed Date, and the Supplier hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. Provided that at any time 3 (three) months, prior to the expiry of the Contract Period specified hereinabove, the Parties may with mutual agreement extend the Contract Period for such further period as they may determine, but not exceeding the lower of 25% (twenty five per cent) of initial contract period or one year whichever is lower. 3.1.2 Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Supplier to:
Sample 1
The Procurement Contract. 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, the Utility hereby awards to the Supplier the procurement contract set forth herein for supply thereof to the Utility (the “Procurement Contract”) for a period of 5years and the Supplier hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. 3.1.2 Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Supplier to: (a) finance, own, operate and maintain the Power Station in accordance with this Agreement”; (b) Omitted; (c) to receive Fixed Charge from the Utility in respect of the Availability of Contracted Capacity;
Sample 1

Related to The Procurement Contract

  • Publication of Procurement Contract 48.1 Within fourteen days after signing the contract, the Procuring Entity shall publish and publicize the awarded contract at its notice boards, entity website; and on the Website of the Authority in manner and format prescribed by the Authority. At the minimum, the notice shall contain the following information: a) name and address of the Procuring Entity; b) name and reference number of the contract being awarded, a summary of its scope and the selection method used; c) the name of the successful Tenderer, the final total contract price, the contract duration. d) dates of signature, commencement and completion of contract; e) names of all Tenderers that submitted Tenders, and their Tender prices as read out at Tender opening;

  • PUBLIC CONTRACTS AND PROCUREMENT FRAUD Contractor represents and warrants that, within the three (3) year period prior to this Contract, neither Contractor nor its principals or affiliates: (a) have been convicted of or had a civil judgment rendered against them for commission of fraud or a criminal offence in connection with obtaining, attempting to obtain, or performing a public (federal, state, local, or tribal) contract or purchase order under a public contract; (b) have been in violation of federal or state antitrust statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements or receiving stolen property; (c) have been indicted for or otherwise criminally or civilly charged by a government entity (federal, state, local, or tribal) with commission of any of the offense enumerated in subsection (b) of this provision; or (d) had one or more public contracts (federal, state, local, or tribal) terminated for cause or default.

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • PROCUREMENT LOBBYING To the extent this agreement is a "procurement contract" as defined by State Finance Law Sections 139-j and 139-k, by signing this agreement the contractor certifies and affirms that all disclosures made in accordance with State Finance Law Sections 139-j and 139-k are complete, true and accurate. In the event such certification is found to be intentionally false or intentionally incomplete, the State may terminate the agreement by providing written notification to the Contractor in accordance with the terms of the agreement.

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.