Examples of EEI Master Agreement in a sentence
The performance of Buyer to receive and/or pay for the Product shall be excused only (i) during periods of Force Majeure as defined in the EEI Master Agreement or Uncontrollable Force as provided in Section 10 of the WSPP Agreement, or (ii) by Seller’s failure to perform.
Seller shall invoice, and Buyer shall pay, for Product at the Contract Price pursuant to Article 6 of the EEI Master Agreement.
For purposes of this Transaction only, the Obligations of the Parties shall be secured in accordance with the provisions of the EEI Master Agreement, subject to the following exceptions, which shall apply only to this Confirmation, the conditions under which a Party will be required to deliver Performance Assurance and the conditions under which a Party will be required to release and return Performance Assurance.
For purposes of this Transaction and Confirmation, the “Remedies for Failure to Deliver/ Receive” as set out in Article 4 of the EEI Master Agreement, shall be [deleted][modified as set out below.] [Sellers offering an Energy Price plus Green Attributes Price to use first bracketed language and delete Special Provisions 7.1 through 7.3.
Accordingly, for purposes of this Confirmation only, [Sections 8.1(c) and 8.2(c)] [Paragraph 10 of the Collateral Annex] of the EEI Master Agreement shall be deleted and replaced with this Credit and Collateral Section of this Confirmation.
The contract is subject to the general terms and conditions of the EEI Master Agreement, a commonly used template for commercial energy trades.
The contract uses the terms and conditions from the EEI Master Agreement and is essentially the same as last year’s approved transaction.
Section 3.3 of the EEI Master Agreement shall not apply to any Gas Transaction, and the Force Majeure provisions below shall govern with respect to Gas Transactions.
Unless otherwise expressly amended pursuant to this Gas Annex, all of the terms and conditions set forth in the EEI Master Agreement shall be applicable to Gas Transactions entered into between the Parties.
Capitalized terms used in this Gas Annex but not defined herein shall have the meanings given such terms in the EEI Master Agreement.