Enforceable Obligation definition
Examples of Enforceable Obligation in a sentence
No compensation will be paid to the City or to the Taxing Entities in connection with the retention of the Enforceable Obligation Properties by the Successor Agency.
The Company shall pay the Seller for the Firm Capacity under Company Dispatch subject to a Legally Enforceable Obligation that the Seller is obligated to deliver to the Company pursuant to ATTACHMENT B TO THE FOURTH AMENDMENT Paragraph 3 of this Appendix B as provided for by Paragraph B of Appendix D of this Contract.
The Minimum Purchase Rate in this contract shall apply to all deliveries of Energy made by Seller to Company during the term of this Contract and to all deliveries of Energy under a Legally Enforceable Obligation made by Seller to Company.
Energy provided to the Company on an unscheduled basis as it becomes available, rather than at prearranged times and in prearranged amounts, and which is not subject to a Legally Enforceable Obligation.
However, if and when the enforceable obligations for an Enforceable Obligation Property as set forth in the LRPMP are satisfied, the Enforceable Obligation Property shall be transferred to the City for future development, and then the provisions set forth in Sections 4.1, 4.2 and 4.3 above shall apply when such Enforceable Obligation Property is sold by the City.
The "On-peak Availability" of the Seller's Facility (in percent) is to be computed by adding the total Energy Under Company's Dispatch Subject to a legally Enforceable Obligation available from the Seller's unit during the contract year, multiplying the total by 100, and dividing by the product of 4,718 on-peak ATTACHMENT A TO THE THIRD AMENDMENT hours per 48 week year (4,732 for leap years) times the firm capacity obligation (prorated on a daily basis, if necessary).
The Seller shall furnish the Company 30,000 kw of capacity and 18,600 kvar of reactive from the Effective Date of the Fourth ATTACHMENT B TO THE FOURTH AMENDMENT Amendment until the end of the contract term pursuant to a Legally Enforceable Obligation, under the Company's Dispatch during the entire term hereof except for the "annual overhaul period" set forth in Paragraph 3(b) of this Appendix B.
The "On-peak Availability" of the Seller's Facility (in percent) is to be computed by adding the total on-peak Energy under Company's Dispatch subject to a Legally Enforceable Obligation available from the Seller's Facility during the contract year, and dividing by the product of 4,718 on-peak hours per 48 week year (4,732 for leap years) times the Firm Capacity Obligation (prorated on a daily basis, if necessary) and multiplying the total by 100 percent.
The Company shall have the sole and absolute right, through supervisory equipment or otherwise, to control, from moment to moment, within the limits of sound engineering practices, the rate of delivery of energy and capacity subject to a Legally Enforceable Obligation to a maximum of the Seller's Firm Capacity Obligation.
Seller's Legally Enforceable Obligation to provide Firm Capacity as described in Section 3(a) of APPENDIX B of this contract.