Examples of Buying Utilities in a sentence
In case, Buying Utilities fails to apply for Open Access in stipulated time as per RLDC’s guidelines in force, then compensation shall be levied at the rate mentioned in compensation clause and the contracted quantum shall be considered as deemed scheduled.
The amount of compensation shall be equal to the compensation payable (including RECs) by the Buying Utilities towards non-meeting of RPOs, if such compensation is ordered by the State Commission.
SECI shall incorporate appropriate covenants in the PSA for the above obligations of Buying Utilities.
The SPD shall have no recourse against any officer, director or shareholder of SECI or Buying Utilities, or any affiliate of SECI or any of its officers, directors or shareholders for such claims excluded under this Article.
In so far as indemnity to SPD is concerned, Buying Utilities shall be the indemnifying party and not SECI.
If any claim is being raised by the Buying Utilities pursuant to the Article 4.4.1, SECI shall make adjustment in the payment made to the SPD.
This Agreement may be extended for a further period at least one hundred eighty (180) days prior to the Expiry Date on agreed terms and conditions between the Solar Power Developer (SPD), SECI and the Buying Utilities.
Part commissioning of the Project shall be allowed by SECI, subject to the acceptance of such power by the corresponding Buying Utilities.
If for any Contract Year, it is found that the SPD has not been able to generate minimum energy of Million kWh (MU) till the end of 10 years from the Scheduled Commissioning Date and ------- such compensation to SECI to enable SECI to remit the amount to Buying Utilities.
The liability shall be equal to the amount levied by the Buying Utilities on SECI for non- supply of power by SECI which in turn shall have the right to assign such liability to the SPD under this Agreement.