powerpurchaseagreementtemplateWord文档格式.docx
《powerpurchaseagreementtemplateWord文档格式.docx》由会员分享,可在线阅读,更多相关《powerpurchaseagreementtemplateWord文档格式.docx(33页珍藏版)》请在冰豆网上搜索。
[Legalname,formandcountryofDeveloper/Sellerentity])havingitsregisteredofficeat[completeAddressofDeveloperentity]("
Developer”)and
[Legalname,formandcountryofutility/Buyerentity])havingitsregisteredofficeat[completeAddressofUtilityentity]("
Utility”).DeveloperandUtilitymaybereferredtoindividuallyasa"
Party"
andcollectivelyas"
Parties"
madethisdate,[dateofagreementexecution].
WHEREAS:
(A)DeveloperagreestocompleteconstructionandCommissioningofits[name,description,location,andcapacityorenergyoutputofproject]("
Project"
)
(B)DeveloperagreestomakeavailableandtoselltheNetEnergyOutputfromProjecttoUtility;
and
(C)UtilitywishestopurchasetheelectricalenergygeneratedbytheProjectpursuanttothetermsandconditionsinthisAgreement;
NOW,THEREFORE,inconsiderationofthemutualbenefitstobederived,therepresentations,warranties,conditionsandpromisescontainedinthisAgreement,andintendingtobelegallyboundbythisAgreement,thePartiesagreeasfollows.
1.INTERPRETATIONANDDEFINEDTERMS
1.1IninterpretingthisAgreement,capitalizedtermsandexpressionsshallhavethemeaningsgiventheminScheduleA(DefinedTerms)orthetextinwhichtheyappear.TermsnotdefinedinScheduleA(DefinedTerms)shallhavethemeaningsascribedtothemintheOxfordEnglishdictionaryor,fortermsofartorwherethecontextindicates,themeaningsgiventhetermsbycommonusageintheindustry.
1.2Further,ininterpretingthisAgreement:
1.2.1Exceptwhereexpresslystatedotherwise,theheadingsoftheParagraphsareprimarilyforconvenienceandintheeventofaconflictbetweenaheadingandthemorespecificprovisionofaParagraph,thelanguageoftheParagraphshallcontrolinconstruingtheprovisionsofthisAgreement;
1.2.2Thesingularincludesthepluralandviceversa;
1.2.3ReferencestoSections,Paragraphs,Schedulesandsimilardesignationsare,unlessthecontextotherwiserequires,referencestodesignationsinthisAgreement;
and
1.2.4Referencestoanyagreement,enactment,ordinanceorregulationincludesanyamendmentthereoforanyreplacementinwholeorinpart.
2.SALEANDPURCHASEOFENERGY
2.1SaletoUtility.Subjectto,andinaccordancewith,thetermsofthisAgreement,theDevelopershallmakeavailableandselltoUtility,andUtilityshallpurchasefromDeveloper(ona“takeorpay”basis),theNetEnergyOutputoftheProject,uptoamaximumof[maximumoutputcapacityorlessercontractedamount]plusorminus[varianceallowance,basedonmanufacturerspecifications]percent,beginningontheCommercialOperationsDate.
2.2AsAvailableEnergyTake.UponandaftertheCommercialOperationsDate,Utilityshallacceptenergyasavailableuptoamaximumtotalenergyequivalentof[Projectorcontractedmaximum]kWperhourplusorminusfivepercent,providedthatUtilitymayacceptenergyabovethislevelatitssolediscretion.
2.3SaletoDeveloper.Subjectto,andinaccordancewith,thetermsofthisAgreement,UtilityshallmakeavailableandselltotheDeveloper,andtheDevelopermaypurchasefromUtility,capacityandenergy,onthesamebasisasUtility'
sthenprevailingtariffforelectricitysoldtoindustrialcustomers.
2.4EnergyPrice.TheamountofthepaymentsduefromUtilitytoDeveloperforNetEnergyOutputfromtheProjectshallbecalculatedinaccordancewithSchedule2(CalculationofPayments)usingtheEnergyPricedefinedinthatschedule.ThepaymentsshallbemadeatthetimesspecifiedinParagraph4.2(BillingandPayment).
3.TERM
3.1InitialTerm.TheinitialtermofthisAgreementshallcommenceonthedateofthisAgreementandshallend[lengthofagreementterm]fromtheCommercialOperationsDate,unlessthisAgreementisterminatedearlierpursuanttotheprovisionsofthisAgreementallowingforterminationintheeventofabreachordefaultbyeitheroftheParties("
EarlyTermination"
).AnyEarlyTerminationofthisAgreementshallbewithoutprejudicetoallrightsandobligationsofthepartiesaccruedunderthisAgreementpriortosuchtermination.
3.2RenewalTerm.ThisAgreementmaybeextendedbyeitherPartyforasingleadditionalperiodof[agreedrenewalterm]years,onthetermsdefinedbythisAgreement,providedthat:
(a)ThePartyseekinganextensionhasmadeapriorwrittenrequesttoextendtheagreementtotheotherParty,suchrequesttobemadenotmorethan36monthsandnotlessthan24monthsbeforetheendoftheinitialtermofthisAgreement;
(b)ThePartyreceivingarequesttoextendtheagreementhasnotrejectedtherequestinawrittenresponsetothePartyseekinganextension,givennotmorethan3monthsfollowingreceiptoftherequestforextension;
(c)Thereisnotaneve