Technical Settlement definition
Examples of Technical Settlement in a sentence
All other provisions of this Settlement Agreement, including the Technical Settlement, that are not enforceable under the New License are contractual in nature.
The Parties agree that this Settlement Agreement, including General Procedures, the Proposed License Articles and the Technical Settlement, resolves all issues among the Parties associated with, and constitutes a comprehensive settlement of, the docketed Project No. P-2009, relating to issuance of a New License for the Project.
This Settlement is organized into four parts: (i) the General Procedures, (ii) Appendix A containing the Proposed License Articles, (iii) Appendix B, containing the Technical Settlement, and iv) Appendix C containing a list of the Parties and Primary Contact names and addresses.
Unless otherwise expressly provided in this Settlement Agreement, including the Technical Settlement, the obligations of the Licensee shall become effective upon acceptance by the Licensee of a new license for the Project, except to the extent such obligations may be stayed by FERC order.
In such event, the Service Provider shall enable a change of the Wind Farm as from the Next Possible Technical Settlement Date to a balancing group to be designated by the Producer, provided that the Producer has entered into a joining agreement with such balancing group and provided the required notifications to the Transmission System Operator at the latest on the date which allows, according to market rules, the Next Possible Technical Settlement Date to occur.
If no common decision can be found by the senior management of both Parties within such term, and provided that the Party claiming application of this Clause 12 has demonstrated the abovementioned substantial change to the Original Balance of the rights and obligations under this Agreement, this Agreement can be terminated by either Party as from the Next Possible Technical Settlement Date.
If no common decision can be found by the senior management of both Parties within such term, and provided that the Party claiming application of this Clause 13 has demonstrated the abovementioned substantial change to the Original Balance of the rights and obligations under this Agreement, this Agreement can be terminated by either Party as from the Next Possible Technical Settlement Date.
In such event, the Buyer shall enable a change of the Wind Farm as from the Next Possible Technical Settlement Date to a balancing group to be designated by the Producer, provided that the Producer has entered into a joining agreement with such balancing group and provided the required notifications to the Transmission System Operator at the latest on the date which allows, according to market rules, the Next Possible Technical Settlement Date to occur.
Any termination of this Agreement pursuant to the provisions of Clause 8.1 shall be possible at the earliest on the Next Possible Technical Settlement Date, in accordance with the provisions of Clause 9 of this Agreement.
Notwithstanding the provisions of Clause 10.2above, any termination of this Agreement pursuant to the provisions of Clause 10.1 (excluding a termination under Clause 10.1(e)) shall be possible at the earliest on the Next Possible Technical Settlement Date, in accordance with the provisions of Clause 7.5(f)(ii) of this Agreement.