Examples of Generator Event of Default in a sentence
An inspection or audit not followed by a notice of a Generator Event of Default shall not constitute or be deemed to constitute a waiver of any Generator Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Generator with this Agreement.
If a Generator Event of Default occurs and is continuing, AESO may terminate the agreement upon written notice to Generator, except in relation to bankruptcy / dissolution defaults, in which case the agreement will terminate automatically.
If termination for Generator Event of Default occurs after commercial operation of the facility, the AESO may exercise all remedies it has at law or equity, including pursuing a claim for damages.
The RESA will include a specified methodology for calculating the "mark-to-market" damages in the case of a Generator Event of Default.
Without prejudice to its ability to assert a claim for Discriminatory Action pursuant to Article 14 or to any right or remedy of the Generator thereunder, the Generator shall notify the Counterparty of any Change of Law or proposed Change of Law of which it becomes aware and that could reasonably be expected to result in a Discriminatory Action; provided that any failure to so notify shall not constitute a Generator Event of Default.
The Human Resource Department is responsible for providing policy guidance and issuing procedures to assist employees in complying with the City of Anacortes’ expectations of ethical business conduct and uncompromising values.
It is important to know the conditions required to successfully germinate R.
If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion and Performance Security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount.
For Delay in commissioning beyond 6 (six) months from SCOD: For Delay in commissioning beyond 6 (six) months from SCOD, Generator Event of Default, as per Clause 10.2.1 of the PPA, shall be considered to have occurred.
For Delay in commissioning beyond six months from SCD, Generator Event of Default, as per clause 13.1 of the PPA, shall be considered to have occurred and the contracted capacity shall stand reduced to the project capacity commissioned upto SCD + 6 (six) months.