Examples of Substation Completion in a sentence
From and after the Substation Completion Date, Seller shall cause the Metering Equipment to be tested and calibrated once every twelve (12) Months during the Term, at Seller’s sole cost and expense.
Such payment shall be made at the time of the execution of the related Turbine Completion Certificate and the Power Substation Completion Certificate by ZCC III and the Partnership and the Power Transfer Facilities Completion Certificate by Zond.
This Agreement shall begin on the Effective Date and shall continue in effect for an initial term ending five (5) years after the Substation Completion Date (the “Initial Term”), unless terminated earlier pursuant to the terms of this Agreement.
Commencing on the sixth (6th) anniversary of the Substation Completion Date, and each subsequent anniversary of the Substation Completion Date thereafter during the Term, the Contract Price will automatically increase by two percent (2%).
From and after the Day immediately prior to the Substation Completion Date, Seller shall, by 05:00 a.m. Mountain time each Day, provide Purchaser with a daily update of the Anticipated Available Capacity and the Technical Characteristics for the immediately following Day.
Under the terms and conditions specified in this Agreement, beginning on the Substation Completion Date and for the remainder of the Term, Seller shall sell and deliver, or cause to be delivered, and Purchaser shall receive and purchase, the Contract Energy at the Points of Delivery.
From and after the Day immediately prior to the Substation Completion Date, Purchaser shall, by 6:00 a.m. Mountain time each Day, advise Seller of the amount of Contract Energy that Purchaser desires to receive and purchase from Seller in each hour of the immediately following Day (the “Purchaser Hourly Nomination”).
From and after the week immediately prior to the week in which the Substation Completion Date occurs, Seller shall, no later than two (2) Business Days before each week, notify Purchaser of its reasonable best estimate of (a) the anticipated available Contract Capacity in MW of the Plant for each hour (the “Anticipated Available Capacity”) during such week, and (b) the Technical Characteristics of the Plant.
Subject to Section 7.2, commencing on the Substation Completion Date, Purchaser shall pay Seller a Monthly payment of Two and Eight Tenths Cents ($0.028) per KWh (as adjusted, the “ Contract Price”) of Contract Energy delivered to Purchaser at the Points of Delivery, which shall be calculated by multiplying the Contract Price by the amount of Contract Energy delivered to Purchaser at the Points of Delivery in such Month (such payment, the “Energy Payment”).
At least five (5) Days prior to the Substation Completion Date, and thereafter at least five (5) Days prior to the first (1st) Day of each Month, Purchaser shall provide Seller a written, non-binding forecast of the amount of Contract Energy that Purchaser desires to receive and purchase from Seller for each hour in the immediately following Month (or in the case of the first such forecast, in the Month in which the Substation Completion Date occurs) (the “Monthly Energy Nomination”).