PIS Purchase Order definition

PIS Purchase Order means that certain Purchase Order Contract for the Sale of Power Island System, dated as of February 26, 2021, in relation to the sale of a power island system described therein by Seller to Buyer, as amended, amended and restated, supplemented, or otherwise modified from time to time.
PIS Purchase Order has the meaning given to it in the recitals of the Agreement.
PIS Purchase Order means that certain Purchase Order Contract for the Sale of Power Island System to be entered into by Seller and Buyer in relation to the sale of a power island described therein by Seller to Buyer for the Facility.

Examples of PIS Purchase Order in a sentence

  • Amounts earned by Seller pursuant to this Clause 6.7 shall be due and payable by Buyer to Seller upon the completion of delivery by Seller of all Components (as such term is defined in the PIS Purchase Order) of the power island system in accordance with the PIS Purchase Order.

  • One or more Purchasers intends to purchase from the applicable Sellers up to [***] Power Island Systems (in addition to Power Island Systems purchased pursuant to the First PIS Purchase Order, the Second PIS Purchase Order and the Third PIS Purchase Order) pursuant to one (1) or more PIS Purchase Orders, subject to the terms and conditions of this Agreement.

  • If the PIS LNTP is issued less than [***] prior to the issuance of the PIS FNTP, the delivery schedule for the applicable PIS Purchase Order shall be extended day for day for each day the PIS LNTP was issued less than [***] prior to the issuance of the PIS FNTP.

  • In the event delivery dates for a Simple Cycle Component or Other Component (such terms are defined in the applicable PIS Purchase Orders) under a PIS Purchase Order overlap with or occur within [***] of the delivery date of the last equivalent Simple Cycle Component or Other Component under the preceding PIS Purchase Order, the parties shall negotiate in good faith the delivery dates under such subsequent PIS Purchase Order.

  • As applicable under a PIS Purchase Order, if Seller identifies specific supply chain constraints to the Simple Cycle Components or Other Components in such PIS Purchase Order, Seller shall have the right to demonstrate those concerns to Buyer no later than thirty (30) days prior to expected date of issuance of the PIS Purchase Order, and Buyer and Seller shall reasonably negotiate in good faith the scope, schedule and amount to be paid under the PIS LNTP under such PIS Purchase Order.

  • Notwithstanding Section 2.1(b)(i), VGLNG and BH acknowledge and agree that, subject to Section 2.3(b)(iv), neither VGLNG nor any Purchaser shall be obligated to purchase or pay for, and neither BH nor any Seller shall be obligated to sell or supply, any of the Power Island Systems unless or until a definitive PIS Purchase Order is executed by the applicable Purchaser and the applicable Seller.

  • The foregoing reservation of manufacturing capacity shall expire, if at all, on [***] (the “Fourth PIS Order End Date”) if a Purchaser has not executed a definitive purchase agreement in the form attached hereto as Exhibit B for one (1) Power Island System, which at Purchaser’s election may be comprised of Tranche A and Tranche B (a “PIS Purchase Order”) (such PIS Purchase Order, the “Fourth PIS Purchase Order”) on or before the Fourth PIS Order End Date.

  • In no event shall this Agreement be interpreted or construed to amend, modify, supplement or waive any provision of the First LTS Purchase Order, the First PIS Purchase Order, the Second LTS Purchase Order, the Second PIS Purchase Order, the Third LTS Purchase Order or the Third PIS Purchase Order in any respect.

  • VGLNG and BH acknowledge and agree that the amounts payable with respect to the services performed under the PIS LNTP for a PIS Purchase Order, not including any amount that may be due in connection with a termination of the PIS Purchase Order, shall be payable in accordance with the payment schedule set forth in Appendix B to Exhibit B of this Agreement and shall not exceed [***].

  • Upon Purchaser’s notice (in its sole discretion), Purchaser and Seller shall negotiate in good faith the inclusion of the supply of any such additional power generation equipment in the applicable PIS Purchase Order, including any special terms and conditions that may be required for such scope of supply; provided for the avoidance of doubt that the relevant Purchaser shall have no obligation to purchase such additional power generation from BH or a Seller.


More Definitions of PIS Purchase Order

PIS Purchase Order means that certain Purchase Order Contract for the Sale of Power Island System, dated as of September 25, 2018, between the Company and BHGE, as amended by Change Order No. 1 dated June 24, 2019, Change Order No. 2 dated as of December 23, 2019, Letter Agreement dated June 24, 2019, Change Order No. 3 dated as of February 26, 2020, Change Order No. 4 dated as of April 27, 2020, Change Order No. 5 dated as of June 24, 2020, Change Order No. 6 dated as of December 29, 2020, Change Order No. 7 dated as of February 10, 2021, Change Order No. 8 dated as of March 24, 2021 and Software License Addendum dated as of December 9, 2020, Change Order No. 9 dated as of May 26, 2021, Change Order No. 10 dated as of June 30, 2021 and Change Order No. 11 dated as of June 30, 2021.

Related to PIS Purchase Order

  • Contract means the written agreement entered into between the purchaser and the supplier, as recorded in the contract form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.

  • Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.

  • Confidential Information means any communication or record (whether oral, written, electronically stored or transmitted, or in any other form) provided to or made available to Contractor or that Contractor may create, receive, maintain, use, disclose or have access to on behalf of HHS that consists of or includes any or all of the following:

  • Effective Date has the meaning set forth in the preamble.

  • Company has the meaning set forth in the Preamble.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Board means the Board of Directors of the Company.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Day means calendar day.

  • Subsidiary means an entity in which more than 50 percent of the entity is owned—

  • Person means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.