PPA Counterparty definition
Examples of PPA Counterparty in a sentence
Provider and PPA Counterparty wish to further amend the PPA and update the Construction Start Date as set forth herein.
PPA Counterparty shall have the meaning set forth in the definition of Eligible PPA.
The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee (in each case, including, without limitation, any PPA Counterparty and the CAISO) with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.
This Agreement is made solely for the benefit of the Borrower and the Lender, and no other Person (including, without limitation, any PPA Counterparty) will have any right, benefit or interest under or because of the existence of this Agreement.
PPA Debt shall mean the amount of any and all payments made by any PPA Counterparty in its capacity as such under the Eligible PPA; provided that the PPA Debt shall be deemed to be zero (a) at any time prior to the date the first such payment is made and (b) at any time after all electricity and power required to be delivered under the Eligible PPA has been delivered by the Loan Parties and their respective Subsidiaries.