Notified Leakage Amount means any Leakage that has occurred between the Locked Box Date and the date on which the Leakage Amount is notified to the Purchaser pursuant to Clause 7.2.1(iv) and which is deducted for the purposes of calculating the Consideration pursuant to Clause 3.1.5;
Notified Leakage Amount has the meaning given in Clause 4.5;
Notified Leakage Amount means any Leakage that has occurred between the Locked Box Date and the date on which the Leakage Amount is notified to the Purchaser pursuant to Clause 7.2.1(iv) and which is deducted for the purposes of calculating the Consideration pursuant to Clause 3.1.5; “O&M Agreements” means the operation and maintenance agreements entered into between each of the Project Companies and XxxX Xxxxxxxxxx, together with the associated guarantees and direct agreements, in each case as contained in the Data Room; “Other Receivables” means any receivables owed by the Company to any member of the Seller’s Group (other than to any other Group Company) as set out in the Audited Accounts (other than pursuant to the Loan Note); “Other Receivables Payment Amount” means the amount in sterling required to settle the balance outstanding on the Other Receivables to the relevant member(s) of the Seller’s Group in full on the Completion Date; “Payment Schedule” has the meaning given to it in Clause 7.2.1; “PPAs” means the power purchase agreements relating to the Projects contained in the Data Room; 7 “Press Announcements” means the press announcements relating to the Transaction in the Agreed Form; “Proceedings” means any proceeding, suit or action arising out of, or in connection with, this Agreement or its subject matter (including its validity, formation at issue, effect, interpretation, performance or termination) or any transaction contemplated by this Agreement; “Project Companies” means the companies listed in Part D of Schedule 1 (Group Details) and “Project Company” means any one of them; “Project Documents” has the meaning given to it in the Common Terms Agreement; “Projects” means the photovoltaic projects owned by the Project Companies; “Properties” means the properties, specified in Schedule 7; “Purchaser’s Disagreement Notice” has the meaning given to it in Clause 9.2.1; “Purchaser’s Group” means Beaufort Investments, S.à x.x., Vortex Solar Investments S.à x.x., Vortex Solar UK4 Limited, Vortex Solar UK3 Limited, Vortex Solar UK2 Limited and the Purchaser (including, with effect from Completion only, each Group Company), but shall exclude any third party investor in any member of the Purchaser’s Group; “Purchase Price Escrow Account” means the purchase price escrow account to be established in accordance with the Purchase Price Escrow Agreement; “Purchase Price Escrow Agreement” has the meaning given to it in Clause 4.1.2; “Purchase Price Escrow Amount” means £170,955,...
Examples of Notified Leakage Amount in a sentence
Subject to Completion, the Seller warrants to the Purchaser that there has been no Leakage between the Locked Box Date and the date of this Agreement and undertakes to the Purchaser that there will be no Leakage between the date of this Agreement and the Completion Date (in each case other than the Notified Leakage Amount), provided that the Seller shall have no liability to the Purchaser under this Clause 8 if Completion does not occur.
To the extent that any Leakage is included in the Notified Leakage Amount, the Seller’s liability under Clauses 8.1 and 8.2 in relation to such Leakage shall be fully and finally discharged.