Direct Contract definition
Examples of Direct Contract in a sentence
A Unit shall cease to be Closed if, during the 36 month period beginning at the date the Unit Closed, any entity: (i) sells Energy or capacity; (ii) executes a Direct Contract for service or (iii) obtains a new permit from any Governmental Authority for operations, in each case that would involve use of the Capital Item for which a Termination Fee is being paid.
In the event of such inconsistency, the provisions of the Direct Contract or Third Party Contract shall control.
Notwithstanding the foregoing, all payment obligations under any Direct Contract shall be the sole responsibility of Project Company.
Project Company shall continue to pay MAEM the Service Fee for the agency services provided by MAEM during the term of a Direct Contract.
Rather, as between MAEM and Project Company, when MAEM is acting as agent under any Direct Contract, Project Company shall be deemed to have title and exclusive possession and control of all Products sold to, and all Fuel purchased from, third parties, and Project Company shall bear the risk of loss associated with such Products and Fuel.