Wholesale Power Contract definition

Wholesale Power Contract is defined in the First Recital.
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Wholesale Power Contract means the Second Amended and Restated Wholesale Power Contract, dated as of January 1, 2009, between ODEC and Buyer. Each of the following terms has the meaning specified in the Section set forth opposite such term: Term Section 2008 Statement 5.5(a) Acquired Assets 2.1 Acquired Intellectual Property 2.1(o) Agreement Preamble Allegheny 5.9 Allocation 3.3 Applicable Rate 3.2(d) Assumed Obligations 2.3 Bankruptcy and Equity Exception 5.2 Benefit Arrangement 5.13(b) Benefit Plans 5.13(a) Benefits Continuation Period 7.8(b) Buyer Preamble Buyer Benefit Plans 7.8(c) Buyer Indemnified Parties 9.2(a) Buyer Required Regulatory Approvals 6.3(b) Buyer’s Shared Equipment 2.1(c) Closing 4.1 Closing Date 4.1 Closing Payment 3.1(b) Closing Statement 3.2(a) Closing Statement Review Period 3.2(b) Commercial Arbitration Rules 11.13(c) Communication Facilities Agreement 7.14(b) De Minimis Loss 9.2(a) Direct Claim 9.3(c) Disclosure Schedules 11.9 DOJ 7.3(c) Effective Time 4.1 Eligible Employees 7.8(a) Entitled Party 7.4(b) Term Section Equipment Leases 2.1(h) Estimated NBV 3.1(b) Excluded Assets 2.2 Excluded Easements 2.2(b) Excluded Real Property 2.2(a) Excluded Tangible Personal Property 2.2(k) Final NBV 3.2(c) Financial Statements 5.4(a) FTC 7.3(c) Hire Date 7.8(b) Indemnifiable Loss 9.2(a) Indemnifying Party 9.2(d) Indemnitee 9.2(c) Independent Accounting Firm Closing Statement Determination 3.2(b) Independent Accounting Firm Partner 3.2(b) Initial 2008 Statement 5.5(a) Interchange Agreement 7.22 Leave Employees 7.8(a) ODEC Recitals Owned Real Property 2.1(a) Post-Closing Allocation 3.3 PPA Assignment and Assumpyion Agreement 7.23 Prior Welfare Plans 7.8(b) Purchase Price Certificate 3.1(b) Receiving Party 7.4(b) Regulatory Undertakings 7.3(e) Replacement Welfare Plans 7.8(b) Retained Intellectual Property 2.2(j) Retained Obligations 2.4 Seller Preamble Seller Indemnified Parties 9.2(b) Seller Lease Buy-Out 2.5 Seller Required Regulatory Approvals 5.3(b) Seller Third-Party Consents 5.3(a) Shared Contracts 2.2(f) Shared Facilities 7.12(c) Shared Facilities Agreement 7.12(c) Shared Location 2.1(c) Sister Business Recitals Sister Purchase Agreement Recitals XXXX Recitals Tangible Personal Property 2.1(g) Tax Audit 7.7(e)(i) Termination Date 10.1(b) Term Section Third Party Claim 9.3(a) TrAIL Project Lines 7.16(b) TrAIL Agreement 7.16(b) Transferred Business Recitals Transferred Contracts 2.1(i) Transferred Easements 2.1(b) Transferred Territory Recitals VA Distribution Busi...
Sample 1
Wholesale Power Contract means any of the Remaining Members’ Wholesale Power Contracts or the NOVEC Wholesale Power Contract.
Sample 1

Examples of Wholesale Power Contract in a sentence

  • The Supplier shall effect and maintain policies of insurance to provide a level of cover sufficient for all risks which may be incurred by the Supplier under this Framework Agreement and/or the Customer Contracts, including death or personal injury, or loss of or damage to property.

  • Any Member may withdraw from membership upon payment in full, or making adequate provisions for the payment in full, of all its debts to the Corporation and upon satisfying or making adequate provisions for the satisfaction of all its liabilities and obligations to the Corporation, including, without limitation, its obligations under the Wholesale Power Contract between the Member and the Corporation, and upon compliance with such other terms and conditions as the Board of Directors may prescribe.

  • The Borrower shall not, without first complying with the requirements of Section 9.1, exercise any option to terminate any contract, including, without limitation, any Wholesale Power Contract, if such contract, based upon its nature, remaining term (not taking into account any option of the Borrower to terminate) and size, would be required to be approved by the RUS pursuant to Subsection (a) above if the Borrower were to have entered into such contract on the proposed termination date.

  • The Borrower shall not materially breach any obligation to be paid or performed by the Borrower on any Wholesale Power Contract, or take any action which is likely to materially impair the value of any Wholesale Power Contract.

  • Each Member shall purchase capacity and energy from the Corporation on such terms and conditions as are provided in the Amended and Restated Wholesale Power Contract (“Wholesale Power Contract”) between the Corporation and the Member, as the same may exist from time to time.

  • The requirements of this Section 6.2 shall not apply to any purchase, construction, lease or other acquisition, or any sale, transfer, lease or other disposition, of capital assets to the extent that any of the foregoing is required to comply with “Legal Requirements” (as defined in the Wholesale Power Contract).

  • Each Member shall purchase capacity and energy from the Corporation on such terms and conditions as are provided in the Wholesale Power Contract between the Corporation and the Member as the same may exist from time to time.

  • The Wholesale Power Contract was amended in 2003 and its term has been extended through December 31, 2050.

  • The Corporation entered into a Wholesale Power Contract with Oglethorpe Power Corporation (An Electric Membership Corporation) (OPC) in 1997.

  • Amended and Restated Wholesale Power Contract, between Xxxxx Electric Membership Corporation and the Company, dated as of August 1, 1996.

Related to Wholesale Power Contract

  • Reactive Power means the power component which does not produce work but is necessary to allow some equipment to operate, and is measured in kiloVolt Amperes Reactive (kVAR);

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Electric power supplier means a person or entity that is duly

  • Charter contract or "contract" means a fixed-term, renewable contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Fixed wing turbine powered aircraft means an aircraft that:

  • water supplier means the company supplying water in the water supply zone, whether a water undertaker or licensed water supplier;

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Electric power generator means an entity that proposes to

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contracting party or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Capacity Interconnection Rights means the rights to input generation as a Generation Capacity Resource into the Transmission System at the Point of Interconnection where the generating facilities connect to the Transmission System.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Assigned Contract shall have the meaning set forth in Section 1.1(b).

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Water Supply Any problem with water supply? Yes No Unknown Comments: Home water treatment system: Yes No Unknown Comments: Fire sprinkler system: Yes No Unknown Does Not Apply Comments: Are the systems in operating condition? Yes No Unknown Comments:

  • Power plant means a facility for the generation of

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Coal means high-grade, medium-grade and low-grade category A and B coal within the meaning of the international codification system for coal established by the United Nations Economic Commission for Europe and clarified in the Council decision of 10 December 2010 on State aid to facilitate the closure of uncompetitive coal mines;