Output Contract definition

Output Contract means a contract with a Person other than a State or Local Governmental Person who is to purchase the available output of an output facility if the contract has the effect of transferring to such Person the benefits of owning the facility and the burdens of paying the debt service on bonds used (directly or indirectly) to finance the facility. Generally, such a contract includes a take contract, a take or pay contract and a requirements contract which is either (i) similar to a take contract or a take or pay contract or (ii) a wholesale requirements contract.
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Examples of Output Contract in a sentence

  • The parties agree that Section 2.306 of the Texas Business and Commerce Code, or any provision of any law with similar provisions (collectively, "Output Contract Laws"), is inapplicable to this Agreement and the transactions hereby contemplated.

  • To the extent that any Output Contract Laws are held to apply to this Agreement and the transactions hereby contemplated, the parties hereby WAIVE AND RELINQUISH any defenses to the enforcement of this Agreement arising from such Output Contract Laws, and any claims that may be asserted by either party arising from such Output Contract Laws.

  • Seller’s invoice will show all billing parameters, Entire Exchange Resource Output Contract Rates, Environmental Attributes Contract Rates, and any other data reasonably pertinent to the calculation of Monthly Payments due to Seller.

  • The Entire Exchange Resource Output Contract Rate and the Environmental Attributes Contract Rate each shall be as provided in Exhibit B.

  • If the Commercial Operation Date occurs after 2011, the “0-year” payment will be the payment shown in Exhibit B for that calendar year, and the Entire Exchange Resource Output Contract Rate in each subsequent calendar year shall be escalated at the rates as indicated in Exhibit B.

  • For avoidance of doubt, the Entire Exchange Resource Output Contract Rate in Exhibit B shows pricing by calendar year with Commercial Operation Dates through 2011.

  • Beginning on the Commercial Operation Date, Seller shall generate from the Exchange Resource, deliver to the Point of Delivery, and sell to Purchaser, and Purchaser shall purchase, at the applicable rates set forth in Article 5 ("Entire Exchange Resource Output Contract Rate"), all of the Entire Exchange Resource Output.

  • To the extent that Section 2.306 of the Texas Business and Commerce Code, or any provision of any other law with similar provisions (collectively, "Output Contract Laws") are held to apply to this Agreement and the transactions hereby contemplated, the Parties agree that, so long as the Contract Quantity does not exceed the Required Volumes, such Contract Quantity shall not be deemed unreasonably disproportionate to any stated estimate or to any normal or otherwise comparable prior requirements of CPC.

  • A similar contract with a Qualified User is not an Output Contract.

  • Seller shall notify Buyer and providing Buyer with an opportunity to attend any Revenue Meter calibration or tests conducted by Seller or by Idaho Power or others, and to review results of meter readings that may be furnished by Idaho Power or others to Seller, subject to the confidentiality provisions or requirements for consent of Idaho Power or others, if any, applicable under the IPC Contract or any Full Output Contract as the case may be.

Related to Output Contract

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • relevant contract means the contract relied on by an applicant under this section to satisfy the requirements of subsection (1)(a)(ii);