Project Participant definition
Examples of Project Participant in a sentence
For any Power Supply Year and as to any particular Project Participant, the share (expressed as a percentage) set forth in Appendix B of this Agreement (entitled “Schedule of Project Participants Output Entitlement Shares and Output Cost Shares”) attributable to such Project Participant with respect to costs associated with the Project, as amended from time to time so long as such amendments are in compliance with the Power Sales Agreements.
Unless the Coordinating Committee determines otherwise, or except as otherwise required by law, the Defaulting Project Participant shall have no claim or right to any such monies.
The percentage entitlement of each Project Participant to the Project and Facility Output in any Power Supply Year, as set forth in Appendix B of the Power Sales Agreements (entitled “Schedule of Project Participants Output Entitlement Shares and Output Cost Shares”) attributable to such Project Participant, as amended from time to time so long as such amendments are in compliance with the Power Sales Agreements.
On or promptly following the Initial Payment Default Date by Purchaser, SCPPA shall issue a Default Invoice and shall provide written notice to Purchaser that as a result of a Payment Default it is in default under this Agreement and has assumed the status of a Defaulting Project Participant and that Purchaser’s Project Rights are subject to discontinuance, termination and disposal in accordance with Sections 15.4 and 15.5 of this Agreement.
Each Project Participant shall promptly give written notice to the other Project Participants and SCPPA of any changes in the designation of its representative on the Coordinating Committee or any subcommittee, and SCPPA shall promptly give written notice to the Project Participants of any changes in the designation of its representative on the Coordinating Committee or any subcommittee.