Incremental Receivables means the amount of receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the parties by way of a legally binding agreement, executed prior to the Effective Date;
Incremental Receivables shall have the same meaning as provided in Article 10.4.9 of this PPA;
Incremental Receivables means the Grid Code specified by the CERC under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act, as amended from time to time, and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub- section (1) of Section 86 of the Electricity Xxx 0000, as applicable; shall have the same meaning as provided in Article 10.4.9 of this PPA.
Examples of Incremental Receivables in a sentence
Provided that Buying Entity shall ensure that Buyer shall have first ranking charge on the Incremental Receivables in accordance with the terms of the Agreement to Hypothecate Cum Deed of Hypothecation.
The Procurer may create any other security interest subordinate and secondary to (i) the charge created in favour of the Seller over Incremental Receivables or (ii) any part thereof, in favour of any person other than the Seller for any reason whatsoever strictly in accordance with the provisions of this Agreement or the Agreement to Hypothecate Cum Deed of Hypothecation.
All such amounts to the extent of the Incremental Receivables shall, among others, constitute a part of the Security and shall not constitute payment of any Secured Obligations until applied to the payment thereof as hereinafter provided.
As a further support for the SECI’s obligations, not later than (1) month before the start of supply, the SPD and SECI shall execute Default Escrow Agreement (referred as “Default Escrow Agreement”) for the establishment and operation of the Default Escrow Account in favour of SPD, through which the Incremental Receivables of the SECI shall be routed and used as per the terms of the Default Escrow Agreement.
Buying Entity and Buyer shall contemporaneously with the execution of the Default Escrow Agreement enter into the Agreement to Hypothecate Cum Deed of Hypothecation, whereby Buying Entity shall agree to hypothecate, Incremental Receivables to the extent as required for the Letter of Credit as per Article 6.4.2,.
More Definitions of Incremental Receivables
Incremental Receivables means the amount of receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the parties by way of a legally binding agreement, executed prior to the Effective Date; “Indian Governmental Instrumentality” shall mean the Government of India, Governments of State(s), where the Power Projects, SECI and Buying Utility are located and any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any of the above state Government(s) or both, any political sub-division of any of them including any court or Appropriate Commission(s) or tribunal or judicial or quasi-judicial body in India; "Interconnection Facilities" shall mean the facilities on SPD’s side of the Delivery Point for sending and metering the electrical output in accordance with this Agreement and, subject to Article 4, the Metering System required for supply of power ; “Intermediary Procurer” shall mean Solar Energy Corporation of India Limited;
Incremental Receivables means the Grid Code specified by the CERC under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act, as amended from time to time, and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub- section (1) of Section 86 of the Electricity Xxx 0000, as applicable; shall have the same meaning as provided in Article 10.4.9 of this PPA. Instrumentality” Project, NVVN and SPD are located] and any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any of the above state Government(s) or both, any political sub-division of any of them including any court or Appropriate Commission(s) or tribunal or judicial or quasi-judicial body in India;
Incremental Receivables means the amount of receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the parties by way of a legally binding agreement, executed prior to the Effective Date; Indian Governmental Instrumentality shall mean the Government of India, Governments of state(s) of Telangana and any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any of the above state Government(s) or both, any political subdivision of any of them including any court or Appropriate Commission(s) or tribunal or judicial or quasi-judicial body in India. Insurances shall mean the insurance cover to be obtained and maintained by the SPD in accordance with Article 8 of this Agreement. Interconnection Facilities shall mean the facilities on SPD’s side of the Delivery Point forscheduling,transmittingandmeteringtheelectricaloutputinaccordance with this Agreement and which shall include, without limitation, all other transmission lines and associated equipment,transformers,relayandswitchingequipmentandprotectivedevices , safety equipment and RTU, Data Transfer and Acquisition facilities for transmitting data subject to Article 7, the Metering System required for supply of power as per the terms of this Agreement. Invoice or Bill shall mean either a Monthly Bill / Supplementary Bill or a Monthly Invoice/ Supplementary Invoice raised by any of the Parties. Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement. Law shall mean in relation to this Agreement, all laws including Electricity Laws in force in India and any statute, ordinance, regulation, notification or code, rule, or any interpretation of any of them by an Indian Governmental Instrumentality and having force of law and shall further include without limitation all applicable rules, regulations, orders, notifications by an Indian Governmental shall include without limitation all rules, regulations, decisions and orders of the Appropriate Commissions. “Letter of Credit” or “L/C” shall have the meaning ascribed thereto in Article 6.4 of this Agreement; Month shall mean a period of thirty (30) days from (and excluding) the date of the event, where applicable, else a calendar month.
Incremental Receivables means the amount of receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the parties by way of a legally binding agreement, executed prior to the Effective Date; “Indian Governmental Instrumentality" shall mean the Government of India, Governments of State of Bihar and any Ministry, Department, Board, Authority, Agency, Corporation, Commission under the direct or indirect control of Government of India or any of the above state Government(s) or both, any political sub-division of any of them including any court or Appropriate Commission(s) or tribunal or judicial or quasi-judicial body in India; “Inter-connection Point” shall mean the point where the power from the power station switchyard bus of the Seller is injected into the transmission system of BSPTCL/ NBPDCL/ SBPDCL (including the dedicated transmission line connecting the power station with the Delivery Point); “Invoice” or "Bill" shall mean either a Monthly Invoice, Monthly Bill or a Supplementary Invoice / Supplementary Bill by any of the Parties; “KV” shall mean kilo Volt; “kWh” shall mean Kilowatt-hour “Late Payment Surcharge” shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement; "Law" shall mean in relation to this Agreement, all laws including Electricity Laws in force in India and any statute, ordinance, regulation, notification or code, rule, or any interpretation of any of them by an Indian Governmental Instrumentality and having force of law and shall further include without limitation all applicable rules, regulations, orders, notifications by an Indian Governmental Instrumentality pursuant to or under any of them and shall include without limitation all rules, regulations, decisions and orders of the Appropriate Commission; “Letter of Credit” or “L/C” shall have the meaning ascribed thereto in Article 10.4 of this Agreement; “Metering Point” for purposes of recording of Delivered Energy will be the Delivery Point "Month" shall mean a period of thirty (30) days from (and excluding) the date of the event, where applicable, else a calendar month; “NBPDCL / SBPDCL / DISCOM” shall mean North Bihar Power Distribution Company Limited or South Bihar Power Distribution Company Limited Operating Period shall mean the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement
Incremental Receivables means the amount of the Receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the Procurer's Financing Parties by way of a legally binding agreement, executed prior to the Effective Date, provided such charge of the Procurer's Financing Parties shall be limited to the extent of their outstanding exposure (including commitments for exposure) as on the Effective Date;
Incremental Receivables means the amount of the Receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the procurer's Financing Parties prior to the Effective Date herein this Agreement by way of legally binding agreement, provided such charge of the Procurer's Financing Parties shall be limited to the extend of their outstanding exposure (including commitments for exposure) as on the Effective Date.
Incremental Receivables means the amount of the Receivables, in excess of the amounts which have already been charged or agreed to be charged in favour of the procurer's Financing Parties prior to the Effective Date herein this Agreement by way of legally binding agreement, provided such charge of the Procurer's Financing Parties shall be limited to the extend of their outstanding exposure (including commitments for exposure) as on the Effective Date.2.0.0 ENERGY PURCHASE AND SALE 2.1.0 Sale of Energy by Generating Company. 2.1.1 The PSPCL shall purchase and accept all energy made available at the Interconnection Point from the Generating Company’s Facility, pursuant to the terms and conditions of this Agreement which is set out below: