Power Purchase Agreement (PPP) for medium to large oil plants (Example 5) – Longer-term model power purchase agreement for use in developing countries for oil-fired power plants. Created by an international law firm for the World Bank as a sketch of provisions commonly found in power purchase agreements in private power plants. Model Power Purchase Agreement C-5 “Term” has the meaning set forth in Section 2 of this Agreement. 2. CONDITIONS (a) This Agreement consists of an initial period and, unless the Host has exercised its right under Section 4(b) to terminate the Agreement, or the Supplier has exercised its right under Section 4(c) to terminate the Agreement before the end of the Initial Period, a period of operation. As used in this document, the term refers to the entire initial period and the period of operation. b) The initial period shall begin on the later date indicated above or at the time when thirty (30) days have elapsed since the adoption by the Host Party of a regulation approving this Agreement and no referendum on the approval of such regulation has been held during these thirty (30) days. The initial period shall end on the date prior to (i) the date of commercial transactions or (ii) the date on which this Agreement is terminated in accordance with the provisions of Section 4(b) or Section 4(c). (c) Where applicable, the period of operation shall commence on the date of commercial operations and, subject to the provisions of this Agreement, shall end at 11.59 p.m.
.m .m. on the last day of the month in which the twentieth (20th) anniversary of the date of operation of the enterprise takes place. (d) Twenty-four months before the end of the period of operation, the Parties shall meet to discuss the renewal of this Agreement on such terms and conditions reflecting the solar energy market existing at that time and with such other amendments and additional conditions as the Parties may agree. Neither party is obligated to agree to an extension of this Agreement. 3. ACCESS TO THE PREMISES AND OWNERSHIP OF THE FACILITY (a) The Host hereby grants the Supplier and its agents access to the Premises for the Duration for the purposes of planning, installing, operating and maintaining the Facility and for all other purposes set forth in this Agreement and otherwise in accordance with the provisions of this Agreement. Access is subject to and in accordance with the requirements of the airport security plan as they exist from time to time. (b) The Supplier must at all times be the legal and beneficial owner of the Facility. The installation is a personal property and may not be affiliated with the Site or considered part of the Site. The Facility retains at all times the legal status of personal property within the meaning of Article 9 of the Uniform Commercial Code. The Host undertakes to make reasonable commercial efforts to attract the attention of all persons who have an interest or privilege in the land including the premises owned by the Facility and the legal status or classification of the Facility as personal property.
If a mortgage or facility is filed against the premises that could reasonably be construed as being prospectively related to the installation as the facility of the premises, the host must provide a model power purchase agreement C-27 Communications are effective when delivered in accordance with the above provisions (or in the case of an email, when confirmed by the recipient). whether or not (except in the case of email transmission) has been accepted by or on behalf of the party to whom the notice is sent. Either Party may, by notifying the other Party in accordance with this Section, designate a new address at which notification may be made at a later date. 27. MISCELLANEOUS (a) Applicable law. This Agreement is governed by the laws of the State of California. (b) rules of interpretation. Section headings are provided for convenience only and do not affect the interpretation of this Agreement.
References to sections are references to sections of this Agreement, unless the context requires otherwise. The words “hereinafter”, “hereof” and “below” refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “person” includes persons; partnerships; legal entities (including, but not limited to, limited partnerships and limited liability companies); not-for-profit corporations or associations; government agencies and agencies; and regulated utilities. The word “including” is followed by the words “without restriction”. In the event of any conflict between the text of this Agreement and the content of any annex to this Agreement, the text of this Agreement (c) shall apply to the Severability Clause. If any non-material part of this Agreement is held to be unenforceable, the remainder of the Agreement shall remain in full force and effect. If it is determined that a material provision is unenforceable and the Party that would have benefited from the provision does not waive its unenforceability, the Parties shall negotiate in good faith an amendment to the Agreement in order to restore the benefits of that provision to the Party that benefited from that unenforceable provision. If the Parties are unable to agree on an amendment that restores the Party`s benefits, the matter shall be resolved in accordance with Article 25(c) in order to restore the economic benefits of that provision to the Party that benefited from the unenforceable provision. d) Modification and Waiver.
This Agreement may only be amended in writing and signed by both parties. Any waiver of any of the terms of this Agreement will only be enforceable to the extent terminated in a written contract signed by the party against whom the waiver is to be enforced. Any waiver will only be effective for the particular event for which it was issued and will not constitute a waiver of any subsequent occurrence of the cancelled event or a waiver of any other provision of this Agreement at the same time or at a later date. (e) Assignment. Subject to the prior written consent of the Host, the Service Provider may assign its rights and obligations under this Contract to a subsidiary of the Service Provider and its shares in these French the indicative models of power purchase agreements for small installations / renewable energy sources under Law No. 2000-108 of 10 February 2000 and the Decree on Small Installations / Renewable Energy Sources Promise, promise, grant, assign or otherwise charge for energy sources. (Decret No 2000-877 of 7 September 2000) and Decree of 2001 (Decret No 2000-877) 2001-410 of 10 May 2001), in dem die Bedingungen festgelegt sind, unter denen das Netz und die Stromverteiler Strom von den kleinen Stromerzeugern und der Windkraft beziehen müssen – Order of 8 June 2001 laying down the conditions for the purchase of electricity produced by installations using wind mechanical energy as referred to in Article 2 (2o) of Decree No 2000-1196 of the 6 December 2000. .
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