Examples of BEM LP in a sentence
In conjunction with the Energy Revenue Agreement, BEM LP and each of the owners of the facilities entered into power agency agreements (the ‘‘Power Agency Agreements’’) under which BEM LP will provide certain services.
Upon any such assignment, BPUSHA, BEM LP and the third party shall execute and deliver such documents as are acceptable to the signatories thereof including a release of BEM LP of its obligations, covenants and responsibilities hereunder.
As consideration for BEM LP supporting the price that is received for the sale of Energy from the Facilities, BPUSHA shall pay to BEM LP, in connection with any Month during a Contract Year, an amount equal to the amount, if any (the “Surplus Amount”), by which (i) the Energy Revenues for such Month exceed (ii) the product of the Fixed Price and the Energy, expressed in MWh, for such Month (such product herein referred to as the “Fixed Amount”).
If any Facility is not able to produce or deliver electricity as a result of the Agent’s failure to perform or its breach of any of its obligations under the Power Agency Agreement, then BEM LP shall pay to BPUSHA the Fixed Amount for any electricity which could not be produced or delivered as a result of such failure or breach.
If BPUSHA fails to provide BEM LP with such notice within the time period set forth in the preceding sentence, BPUSHA shall be deemed to have accepted the Monthly Report and the amounts set out therein as of the date of delivery of the Monthly Report.
In the event that BPUSHA receives proceeds from business interruption insurance in connection with any of the Facilities and if such proceeds are based on a market price (the “Market Price”) per MWh less than or equal to the Fixed Price, (i) BEM LP shall pay BPUSHA the difference between the Fixed Price and the Market Price in respect of each lost MWh in respect of which such insurance proceeds were paid and (ii) BPUSHA shall pay 100% of the deductible associated with such business interruption proceeds.
In £’s million)20022001 Authorised1,000,000,000 ordinary shares of 10p each 100 100 Issued and fully paid729,200,921 ordinary shares of 10p each (2001: 520,857,801) 73 52The Company’s two for five discounted rights issue approved on 8 April 2002 created a total of 208,343,120 ordinary shares of 10p each issued at 480p per share.
Each party shall be entitled to have a representative present at any test or calibration of the metering equipment, provided, however, that if BEM LP does not send a representative to attend at such test or calibration, then BPUSHA may proceed without being required to re-schedule such test or re-calibration.
The Petition acknowledges that on November 7, 2016, BEM LP did not include the required “Right #” value when it submitted an offer into the NYISO’s ICAP Monthly Auction for January 2017.
Other than as specifically provided by the terms hereof, BEM LP shall have no liability as a result of this Agreement to make or arrange for payments of any amount for expenses on behalf of BPUSHA.