Energy Purchase Agreement definition

Energy Purchase Agreement means Electric Energy Purchase and Sales Agreement, dated September 22, 1995, between NCPGC and Tangshan Panda and Tangshan Pan-Western, as the same may from time to time be amended, supplemented or otherwise modified.

Energy Purchase Agreement means an agreement entered into by the Issuer and an Oil Major Company, pursuant to which Energy Contracts may be purchased and sold;

Energy Purchase Agreement. − The Energy Purchase Agreement, entered or to be entered into by and between the Purchaser and the Seller, for the purchase and sale of electric energy generated by the Complex, as may be amended by the parties thereto from time to time

Examples of Energy Purchase Agreement in a sentence

• There can be no assurance that an Oil Major Company, Shell Trading Switzerland, Shell Treasury or any other entity providing credit support to an Oil Major Company will be able to fulfill their payment obligations under the relevant Energy Contracts, Energy Purchase Agreement or other credit obligation, in which case the Issuer will rank as an unsecured creditor.

• However, the subsidiary will now pursue with Power Acquisition Request (PAR) pending at the Central Power Purchasing Agency (Guarantee) Limited and after getting required consents for Energy Purchase Agreement, the management shall try to get suitable tariff through new regime of competitive bidding, recently announced by NEPRA or as amended from time to time.

• By the Letters of Credit, Shell Treasury has agreed to provide credit support in favour of the Issuer in respect of the obligations of Shell Trading Switzerland to make payments due upon redemption of Energy Contracts purchased from Shell Trading Switzerland under the Energy Purchase Agreement.

• The Dollar Letter of Credit will terminate upon the earlier of (i) the date of termination of the Energy Purchase Agreement with respect to Dollar Contracts; and (ii) the date on which there are no outstanding Dollar Contracts created pursuant to the Energy Purchase Agreement, in each case unless terminated earlier upon the issuance of a Substitute Credit.

• The Seller shall obtain and maintain insurance from financially strong and internationally reputable insurance companies in accordance with Article XII of the Energy Purchase Agreement.

• The Energy Purchase Agreement, the Energy Contracts provided thereunder and the Letters of Credit have characteristics that demonstrate capacity to produce funds to service any payments due and payable on the Energy Securities, and are each governed by English law.

• The regularity in time is also an option, and can be seen as time window constraints on the supply periods.

• The Euro Letter of Credit will terminate upon the earlier of (i) the date of termination of the Energy Purchase Agreement with respect to Euro Contracts; and (ii) the date on which there are no outstanding Euro Contracts created pursuant to the Energy Purchase Agreement, in each case unless terminated earlier upon the issuance of a Substitute Credit.The Issuer’s rights and obligations under the Letters of Credit are transferable to the Trustee or its nominee without the consent of Shell Treasury.

• Subject to the provisions of Section 15.1(f) of this Agreement, Article XV of the Energy Purchase Agreement and the Financing Documents (which may have different requirements regarding the use of insurance proceeds), the proceeds of all such insurance (except loss of revenue/profits or business interruption coverage) shall be used to repair or restore the Complex to the condition existing immediately prior to the event giving rise to such insurance claim and proceeds.

• Shell Trading Switzerland is required under the terms of the Energy Purchase Agreement to ensure that its obligations thereunder and under any Energy Contracts provided pursuant to the Energy Purchase Agreement have the benefit of credit support provided by a Credit Provider.

More Definitions of Energy Purchase Agreement

Energy Purchase Agreement means the Electric Energy Purchase and Sales Agreement, dated September 22, 1995, among North China Power Company, Tangshan Panda and Tangshan Pan- Western.

Energy Purchase Agreement means the type of supporting agreement, where one defined purchaser guarantees the obligatory physical purchase of electricity generated from the producer with a fix price.

Energy Purchase Agreement means an agreement executed

Energy Purchase Agreement means an agreement executed between the Distribution Licensee and the Project Developer for procurement of power from Renewable Energy Projects in accordance with the provisions of these Regulations;

Energy Purchase Agreement. An agreement for purchase of electricity with the generator of energy in accordance with Article 18 of the Law on Electricity.