Gas Purchase Agreements Sample Clauses

Gas Purchase Agreements. The Company and each Subsidiary of the Company (a) shall comply with all rate case approvals entered into by the WVPSC with respect to gas purchases, including exercising prudent gas practices and (b) shall at all times use commercially reasonable efforts to have in effect a fuel adjustment clause or a similar mechanism approved by the WVPSC by which the rates charged by the Company and its Subsidiaries are automatically adjusted to reflect variations in natural gas prices paid by the Company or any of its Subsidiaries, as the case may be.
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Gas Purchase Agreements. The Borrower shall not enter into any Gas Purchase Agreement (a) with any of its Affiliates on terms that are less favorable than terms available with non-affiliated Persons or (b) which provides for the payment of burdensome liquidated damages by the Borrower. In addition, the Borrower shall not enter into any Gas Purchase Agreement with a term (including any renewal terms) of six months or more (1) if the price which the Borrower is obligated to pay for gas thereunder is fixed for a period of six months or more unless the Borrower can demonstrate to the Required Lenders reasonable satisfaction that PSE&G has entered into a gas purchase agreement or agreements (i) for a term coincidental with such Gas Purchase Agreement and (ii) with respect to a quantity of gas which bears the same proportion to PSE&G's total gas requirements for the period of such agreements as the quantity of gas subject to such Gas Purchase Agreement bears to the Facility's total gas requirements for the period of such Gas Agreement and (iii) which otherwise contains the same terms and provisions of such Gas Purchase Agreement, (2) which contains any material restrictions on assignment by the Borrower or which (3) contains any provision that would result in the termination, cancellation or suspension of such Gas Purchase Agreement upon the exercise by the Agent of any of its remedies hereunder or under the Collateral Security Documents or upon the sale of the Facility.
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Gas Purchase Agreements. 76 SECTION 9.
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Gas Purchase Agreements. Prior to the Flip Date, (x) enter ----------------------- into, or permit the Partnership to enter into, any Gas Purchase Agreement (l) with any of their respective Affiliates on terms that are less favorable than terms available with non-affiliated Persons or (2) which provides for the payment of burdensome liquidated damages by the Managing General Partner or the Partnership or (y) enter into, or permit the Partnership to enter into, any Gas Purchase Agreement with a term (including any renewal terms) of six months or more which (l) contains any material restrictions on assignment by the Managing General Partner or the Partnership or (2) contains any provision that would result in the termination, cancellation or suspension of such Gas Purchase Agreement upon the exercise by the Preferred Limited Partner of any of its remedies hereunder or upon the sale of the Facility.
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Related to Gas Purchase Agreements

  • Purchase Agreements On the date of this Agreement, the Company and the Sponsor have executed and delivered to the Underwriters a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Sponsor Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Private Placement Units to be sold to the Sponsor as described in Section 1.4.2, and as provided for in such Sponsor Purchase Agreement. The Company and the Representative shall have executed and delivered a Private Placement Units Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Representative Purchase Agreement” and together with the Sponsor Purchase Agreement, the “Purchase Agreements”), pursuant to which the Representative will, among other things, on the Closing Date and Option Closing Date, if any, consummate the purchase of and deliver the purchase price for the Private Placement Units to be sold to the Representative as described in Section 1.4.2 and as provided for in such Representative Purchase Agreement. Pursuant to the Purchase Agreements, (i) each of the Sponsor and the Representative have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Private Placement Units, and (ii) certain of the proceeds from the sale of the Private Placement Units and certain of the proceeds from the sale of the Option Private Placement Units, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date and Option Closing Date (if any) as provided for in the Purchase Agreements.

  • Share Purchase Agreement The Sponsor has executed and delivered a Private Placement Shares Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Share Purchase Agreement”) pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Shares. Pursuant to the Share Purchase Agreement, the Sponsor has waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Shares.

  • Stock Purchase Agreement Each Purchaser understands and agrees that the conversion of the Notes into equity securities of the Company will require such Purchaser’s execution of certain agreements relating to the purchase and sale of such securities as well as any rights relating to such equity securities.

  • Securities Purchase Agreement This Agreement and the transactions contemplated hereby have been duly and validly authorized by the Company, this Agreement has been duly executed and delivered by the Company and this Agreement, when executed and delivered by the Company, will be, a valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.