PPA Term definition

PPA Term means that period during which the Power Purchaser is obligated to purchase the Facility Capacity pursuant to the terms of the Power Purchase Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

PPA Term means a period of at least two consecutive years during which AEE or AEE 2, as applicable, has a PPA or series of PPAs for the sale at a scheduled price of 75% or more of the capacity and energy of the Facility, the Related Facility and the Additional Facilities to a third party purchaser or third party purchasers whose senior unsecured long-term debt rating is at least Investment Grade.

PPA Term is twenty five (25) years to the day beginning at Commercial Operation

Examples of PPA Term in a sentence

• PPA Rate ($/kWh) PPA Term (Years) 0.1475 commencing on the Commercial Operation Date 3.00% on each anniversary of the Commercial Operation Date The following Termination Values are based on the Standard System Design Package described in Exhibit A.

• Prior to the end of the PPA Term, either Party may give the other Party written notice of its desire to extend the PPA Term, subject to the same terms and conditions set forth herein for the number and length of additional periods, as agreed by the Parties (each such additional period, an “Additional PPA Term”).

• The Using Agency shall purchase from Vendor {Contractor}, and Vendor {Contractor} shall sell to the Using Agency, all of the electrical energy generated by the System during the PPA Term and any Additional PPA Term(s) (collectively referred to hereinafter as the “Term”).

• The installation is to be performed by the Vendor {Contractor}, and subject to the Using Agency’s agreement to purchase electricity generated on site from these panels from the Vendor {Contractor} for a period set forth in the PPA Term in Exhibit 1 at the Total Rate set forth in Exhibit 1.

• One woman discussed how while she and her partner make decisions together, her partner will defer to her on farm related decisions.

• TEA pays a substantial annual fee to utilize RMI’s PPA, Term Sheet, and RFP templates.

• To further support the above; our conservative calculations result in an estimated additional £788,147 in savings over the PPA Term.

• The principal amount of each PPA Term Loan shall be due and payable in semi annual installments on consecutive Scheduled Payment Dates, commencing on the first such Scheduled Payment Date to occur after such PPA Term Loan is made, and maturing in full on the applicable PPA Term Loan Required Payment Date.

• PPA Term: 1 year from Effective Date; (referred to herein as a “Contract Year”).

• PPA Term Loans shall be prepaid ratably with the Bonds in the event the Bonds are prepaid, provided that in the event that an LOC Sweep Notice shall have been given, the PPA Term Loans may be prepaid in accordance with Section 3.3(c) of the Collateral Agency Agreement.

More Definitions of PPA Term

PPA Term means the term of the REFIT Power Purchase Agreement between the Seller and the Buyer which is for the period of twenty (20) years. The REFIT PPA will not operate after its expiry; however any rights that have accrued to either Party under the PPA before its termination will be enforceable thereafter;

PPA Term. [None][Describe applicable PPA Term]

PPA Term means a PPA or series of PPAs with a term of at least five consecutive years, during which AEE or AEE 2 has a legally valid and binding contract for the sale at a scheduled price of all or a portion of the capacity and energy to a third party purchaser or third party purchasers, each of whose senior unsecured long-term debt credit rating is at least Investment Grade; provided, however, that the ratio of all AEE Revenues received under such PPA(s) to the Fixed Charges and Operating and Maintenance Costs (other than variable costs associated with energy production not associated with a PPA) is at least 1.0 to 1.0; and provided, further, that no such PPA has any advance payment or tracking account obligations or other form of refundable revenues and the PPA and any other related documents provide reasonable linkage between revenues and costs (such reasonable linkage to be confirmed by a qualified independent consultant; provided, that costs, unless otherwise contracted, shall be assumed to escalate with inflation). Notwithstanding the foregoing, with the consent of the Owner Participant (to be determined in its sole discretion), a "PPA Term" shall mean a period of at least two consecutive years during which AEE or AEE 2, as applicable, has a PPA or series of PPAs for the sale at a scheduled price of 75% or more of the capacity and energy of the Facility, the Related Facility and the Additional Facilities to a third party purchaser or third party purchasers whose senior unsecured long-term debt rating is at least Investment Grade.