Examples of First Commercial Power in a sentence
The term of this Agreement (the “Term”) commenced on the Effective Date, except for Sections 7.1 to 7.4, which shall become effective immediately after First Commercial Power, and shall terminate in accordance with Section 10.2.
LTAMPs - Not more than 30 days before or 60 days after the date of First Commercial Power, as defined in the NLDA, as regards the last of the Defined Assets to achieve First Commercial Power, as defined in the NLDA, Nalcor shall prepare and submit to Emera an In-Service LTAMP and In-Service LTAMP Cost Estimate for each of the Muskrat Falls Plant and the NL Transmission Assets.
Nalcor shall provide Notice to Emera, in each case at least 30 days before Nalcor reasonably expects First Commercial Power to occur, in respect of each of the LIL, the LTA and the MFP.
Schedule 1 sets forth illustrative examples of the operation of the funding and contribution provisions of Sections 5.7(b)(i) and 5.8 and the Post First Commercial Power Adjustments of Section 5.19.
Prior to First Commercial Power and thereafter from time to time, Emera shall assign to Nalcor or an Affiliate of Nalcor as directed by Nalcor, by assignment or assignments on terms satisfactory to Nalcor acting reasonably and in accordance with the MLETSA, Transmission Rights and ancillary rights necessary to deliver to the Delivery Point that portion of the Nova Scotia Block to be delivered during Peak Hours, as conferred on the transmission customer under the MLETSA.
Notwithstanding anything in this Section 3.2, if the JDC-ML fails to reach consensus on the determination of the Initial Service Life of the Maritime Link as at the A&R Effective Date or as at First Commercial Power, as contemplated by Section 3.4(a)(iii), such matter shall not be referred to the CEOs of the Parties pursuant to Section 3.2(a) or be the subject of a Nalcor CEO Decision, but shall be referred by the Parties for resolution as a Specified Dispute.
After First Commercial Power, Nalcor’s obligations to deliver the Nova Scotia Block pursuant to this Agreement shall be suspended for any period during which no such assignment is in force, and any Energy not delivered during such period shall, for all purposes under this Agreement and all other applicable Formal Agreements, be deemed to have been delivered, and Nalcor shall have no further obligations with respect thereto.