Defaulting Entity definition

Defaulting Entity shall have the meaning set forth for such term in Section 6.02(a) hereof. “Deficiency Amount” shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.
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Defaulting Entity shall have the meaning set forth for such term in Section 6.02(a) hereof. hereof.
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Defaulting Entity means a beneficiary having outstanding dues of a generating company or a transmission licensee or not maintaining the required Letter of Credit or any other agreed Payment Security Mechanism in terms of the Agreement;
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Examples of Defaulting Entity in a sentence

  • In case of the outstanding dues or in case the required Letter of Credit or any other agreed Payment Security Mechanism is not maintained as per the Agreement, the generating company or the transmission licensee, as the case may be, may serve a notice for regulation of power supply, on the Defaulting Entity, for reducing the drawal schedule in the case of the generating company……..

  • Provided that the notice and request for preparing implementation plan of regulation of power supply shall be served on the Defaulting Entity, concerned Regional Load Despatch Centre, State Load Despatch Centre, and Regional Power Committee and shall also be posted on the website of the Regulating Entity at least three (3) days in advance of the proposed date of commencement of regulation of power supply.

  • In case the Regulating Entity decides to withdraw or postpone the regulation of power supply, it shall communicate its decision in writing to the concerned Regional Load Despatch Centre or State Load Despatch Centre, as the case may be, and the Defaulting Entity, along with reasons thereof.

  • The Generating Company shall inform the Regional Load Despatch Centre or the State Load Despatch Centre, as the case may be, the Defaulting Entity and Member-Secretary, Regional Power Committee of the region, of the quantum, duration and rate of such sale.

  • On the request of a Transmission Licensee for Regulating the power supply, the Regional Load Despatch Centre may, under intimation to the concerned generating company, curtail the medium-term open access or long-term access of the allocated power or power supply contracted by the Defaulting Entity, on account of regulation according to the notice served under Regulation 4 of these regulations, preferably from the cheapest generating station in that corridor.

  • In case of the outstanding dues or in case the required Letter of Credit or any other agreed Payment Security Mechanism is not maintained as per the Agreement, the generating company or the transmission licensee, as the case may be, may serve a notice for regulation of power supply, on the Defaulting Entity, for reducing the drawl schedule in the case of the generating company or with-drawl of open access/access to Inter State Transmission System in the case of the transmission licensee..

  • The second specification uses all agencies in our dataset established in 1945 or later, and includes controls for the composition of government and presidential approval.

  • NTPC Limited has suggested an alternative methodology under which the Regulating Transmission licensee shall serve a notice for withdrawal of Transmission Access (Long-term or medium-term) granted to the Defaulting Entity, and then the Regulation is to be implemented by restricting the scheduled drawal from the generating station.

  • The amount of any payment made pursuant to Section 5.3(f) or Section 5.5(b) hereof shall be assessed against the Parcel of the Defaulting Entity.

  • If the Agent comprises 2 Entities and RWWA determines that the acts or omissions of only 1 of the 2 Entities ( Defaulting Entity) has given RWWA the ability to exercise its powers under this Agreement against the Agent, then RWWA may, at its option, exercise those powers against the Defaulting Entity and not against the other Entity.


More Definitions of Defaulting Entity

Defaulting Entity means a beneficiary having outstanding dues of a generating company or a transmission licensee or not maintaining the required Letter of Credit as per Agreement;”
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Defaulting Entity means a distribution licensee or other user of transmission system having outstanding dues of a generating company or electricity trading licensee or transmission licensee.
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Defaulting Entity means a beneficiary having outstanding dues of a generating company or a transmission licensee;
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Related to Defaulting Entity

  • Defaulting Partner shall have the meaning set forth in Section 9.1.

  • Defaulting Party has the meaning specified in Section 6(a).

  • Non-Defaulting Party has the meaning specified in Section 6(a).

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Defaulting Lender Rate means (a) for the first three days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Revolving Loans that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).

  • Non-Defaulting Lender means, at any time, each Lender that is not a Defaulting Lender at such time.

  • Non-Performing Mezzanine Investments means Mezzanine Investments other than Performing Mezzanine Investments.

  • Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.

  • Performing Party As defined in Section 11.12.