Conditions of Must Run Agreement Clause Samples

The "Conditions of Must-Run Agreement" clause defines the specific terms and requirements under which a power generation facility is obligated to operate continuously, regardless of market demand or other external factors. Typically, this clause outlines the operational standards, maintenance schedules, and reporting obligations that the facility must adhere to in order to maintain its must-run status. By clearly establishing these conditions, the clause ensures reliability of power supply and provides certainty to both the facility operator and the purchasing utility, thereby minimizing disputes and clarifying operational expectations.
Conditions of Must Run Agreement 
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Related to Conditions of Must Run Agreement

  • Conditions of Agreement This is a tentative Agreement and shall be of no force and effect unless and until all of the following occur: A. The tentative Agreement is approved by the Board of Trustees of the University of Maine System. B. The tentative Agreement is ratified by the bargaining unit membership of the Associated Faculties of the University of Maine System, MEA/NEA.

  • CONDITIONS OF CONTRACT The contractor shall at all times observe and comply with federal and State laws, local laws, ordinances, orders, and regulations existing at the time of or enacted subsequent to the execution of this contract which in any manner affect the completion of the work. The contractor shall indemnify and save harmless the agency and all its officers, representatives, agents, and employees against any claim or liability arising from or based upon the violation of any such law, ordinance, regulation, order or decree by an employee, representative, or subcontractor of the contractor.

  • GENERAL CONDITIONS OF CONTRACT (National Treasury - General Conditions of Contract (revised July 2010))

  • Conditions to Obligations of Buyer and Seller The obligations of Buyer and Seller to complete the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing of the following conditions:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER The obligations of Buyer under this Agreement shall, at the option of Buyer, be subject to the satisfaction, on or prior to the Closing Date, of the following conditions: