Replacement PPA definition

Replacement PPA has the meaning set forth in Section 3.1(e).
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Replacement PPA means any power purchase agreement entered into in replacement of the PPA following a default by HELCO thereunder, which replacement agreement shall be on terms and conditions substantially similar to the PPA and reasonably satisfactory to the Equity Investor and the Indenture Trustee.
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Replacement PPA has the meaning set forth in Section 6.1(a)(v). “Required Holders” means, (i) at any time any New 2L Notes remain Outstanding, the holders of more than 50.0% of the aggregate Outstanding principal amount of New 2L Notes and (ii) solely and to the extent no New 2L Notes remain Outstanding, the holders of more than 50% of the aggregate Outstanding principal amount of New 3L Notes, in each case, as determined in accordance with this Indenture.
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Examples of Replacement PPA in a sentence

  • Upon the execution, delivery and effectiveness of the Replacement PPA, this Agreement shall be deemed terminated and replaced in its entirety by such Replacement PPA; provided, however, that the obligation of Buyer and Seller pursuant to Section 3.1(a)(i) and 3.1(a)(ii) then in effect with respect to any Contract Capacity Amount for any Capacity Year shall remain in effect until the termination of such Capacity Year.

  • In the event Buyer exercises the option set forth in this Section 3.1(e), Seller and Buyer shall promptly take all actions necessary, including with PJM, each relevant Governmental Authority and otherwise, in order to terminate the Agreement as contemplated herein and expeditiously enter into the Replacement PPA.

  • You have the right to be notified, in accordance with the GDPR, in the event of a personal data breach which may result in a risk to your personal rights and freedoms, and you may submit a claim to the competent authority(s).

  • The Respondent has submitted that the original PPA i.e minus the Replacement PPA capacity is a „void contract‟, as the same does not have any „consideration‟ mentioned with respect to the contracted capacity.

  • The Respondent has stated that Article 4.1.2(iii) of the PPA gives „absolute discretion‟ on the Respondent, whether to execute a Replacement PPA or not.

  • Article 4.1.2(v) of the Original PPA provides that the terms and conditions of the Original PPA will not be applicable to the Replacement PPA, and that the terms and conditions of the Original PPA will only govern the portion of the contracted capacity, which is not a part of the Replacement PPA.

  • The Respondent has a right to sell power to third parties during the term of the Original PPA, if the said power is not subject to consultation under the Replacement PPA marketing Strategy.

  • The terms of the Replacement PPA for conversion to a Utility Prescheduled Facility, including lower firm capacity payments and significantly decreased operations, overall provide net benefits to ratepayers in comparison to the existing Interim Standard Offer 4 PPA.

  • The Replacement PPA was executed by the parties on November 22, 2013.

  • PG&E also seeks a finding that 39,644 metric tons (“MT”) per year of GHG Emission Reductions resulting from the Replacement PPA applies toward PG&E’s GHG Emissions Reduction Target as established by the QF/CHP Settlement.3 PG&E has a current Legacy QF PPA with Chevron for the cogeneration facility that was originally executed in 1986.


More Definitions of Replacement PPA

Replacement PPA means a power purchase agreement in respect of which or that (i) the Rating Agencies confirm in writing that no downgrade of the ratings for the Bonds will occur solely as a result of such Replacement PPA, or (ii) (a) the counterparty of which or the credit support provider for such counterparty (including any parent of such counterparty which guarantees such counterparty's obligations) shall be rated at least "BBB-" by S&P and at least "Baa3" by Moody's, (b) has a minimum term of one year and (c) the pricing and commercial terms of which are, as a whole, equivalent to or better than the pricing and commercial terms under the Power Purchase Agreement being replaced (as confirmed by the Independent Engineer).
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Replacement PPA has the meaning set forth in Section 6.1(b).
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Related to Replacement PPA

  • Replacement Facility means 1 of the following:

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Replacement Price means the price, determined by Buyer in a commercially reasonable manner, at which Buyer purchases (if at all) substitute SRECs having the same or subsequent Reporting Year as those SRECs not delivered by Seller for the deficiency or, absent such a purchase, the Market Price for such quantity of SRECs at or during the time that Seller fails to deliver the SRECs, provided that the Market Price shall never exceed the solar alternative compliance payment.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit (1) from which all or substantially all of the waste is removed, and (2) that is subsequently reused to treat, store, or dispose of hazardous waste. “Replacement unit” does not apply to a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with an approved closure plan or EPA or State approved corrective action.

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Replacement Sub-Contractor means a sub-contractor of the Replacement Supplier to whom Transferring Supplier Employees will transfer on a Service Transfer Date (or any sub-contractor of any such sub-contractor);

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Replacement shall have the meaning assigned to it in Section 4.8.

  • Replacement Notice is defined in Section 4.11.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Value means the price, including accrued interest, at which Equivalent Securities to the Borrowed Securities could be purchased in the principal market for such securities at the time of election by State Street under Section 13.1 hereof.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Replacement Services means any services which are substantially similar to any of the Services and which the Customer receives in substitution for any of the Services following the Call Off Expiry Date, whether those services are provided by the Customer internally and/or by any third party;