Hydroelectric Sales Agreement definition

Hydroelectric Sales Agreement means an agreement between GBRA and a public or private entity for the sale to such entity by GBRA of electricity generated by the Hydro Facilities on commercially reasonable terms acceptable to GBRA and the WCID.
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Examples of Hydroelectric Sales Agreement in a sentence

  • GBRA further agrees to use its best efforts to negotiate, execute, enforce and maintain a Hydroelectric Sales Agreement that maximizes Hydro Revenues as long as this Contract is in effect.

  • The Parties further acknowledge and agree that GBRA’s willingness to make the financial commitment set forth in this Article V is based upon a reasonable expectation of its ability to receive Hydro Revenues predominately through the sale of electricity generated from the Hydro Facilities in accordance with the terms of a Hydroelectric Sales Agreement and the requirement for the WCID to reimburse GBRA pursuant to Section 5.2(C) below.

  • Therefore, the obligation of GBRA to tender that portion of the Annual GBRA Payment related to receipts under a Hydroelectric Sales Agreement to the WCID each year from sources as set forth in this Article is conditioned on the existence of a Hydroelectric Sales Agreement being in full force and effect.

  • Each installment shall be remitted within ten (10) days of GBRA receiving Hydro Revenues each month pursuant to the Hydroelectric Sales Agreement then in effect.

  • GBRA specifically acknowledges and agrees that for so long as this Contract remains in effect, it shall not enter into, modify, or terminate a Hydroelectric Sales Agreement without the prior written approval of the WCID.

Related to Hydroelectric Sales Agreement

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