Grant of Procurement Contract Sample Clauses

The Grant of Procurement Contract clause formally establishes the agreement by which one party authorizes another to procure goods or services on its behalf. Typically, this clause outlines the scope of the procurement, the parties involved, and any specific terms or limitations regarding what can be purchased and under what conditions. Its core function is to clearly define the authority and responsibilities granted, ensuring both parties understand the extent of the procurement arrangement and reducing the risk of disputes over unauthorized purchases or obligations.
Grant of Procurement Contract. 10 3.1 The Procurement Contract 10 4.1 Conditions Precedent 11 4.2 Damages for delay by the Aggregator 12 4.3 Damages for delay by the Supplier 12
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Grant of Procurement Contract. 2.1. The Procurement Contract 2.1.1. Subject to and in accordance with the provisions of this Agreement, Applicable Laws and the Applicable Permits, the Procurer hereby awards to the Supplier the procurement contract set forth herein for supply of contracted capacity of *** MW of power at Delivery Point to the Procurer (the “Procurement Contract”) as per the supply period mentioned in the table below, 01st Jun’ 2018 – 31st Aug’ 2018 0000 – 2400 Hours / RTC [250 MW] 01st Sept’ 2018 – 31st Aug’ 2021 0000 – 2400 Hours / RTC [500 MW] The Supplier hereby accepts the Procurement Contract and agrees to implement the same subject to and in accordance with the terms and conditions set forth herein. Provided that at any time 3 (three) months, prior to the expiry of the Contract Period specified hereinabove, the Parties may with mutual agreement extend the Contract Period for such further period as they may determine subject to maximum of 2 years. 2.1.2. Subject to and in accordance with the provisions of this Agreement, the Procurement Contract hereby awarded shall oblige or entitle (as the case may be) the Supplier to: (a) ensure supply of the Contracted Capacity to the Procurer under and in accordance with the provisions of this Agreement, save and except as expressly provided in the Agreement; (b) to receive an amount equal to Tariff for energy supplied at Delivery Point in accordance with provisions of this Agreement (c) perform and fulfil all of the Supplier’s obligations under and in accordance with this Agreement; (d) save as otherwise expressly provided in this Agreement, bear and pay all costs, expenses and charges in connection with or incidental to the performance of the obligations of the Supplier under this Agreement; and (e) neither assign, transfer or sub-let or create any lien or Encumbrance on this Agreement, or the Procurement Contract hereby granted or on the whole or any part of the Power Station nor sell, transfer, exchange, lease or part possession thereof, save and except as expressly permitted by this Agreement. 2.1.3. At any point during the Contract Period, the Procurer may, with the mutual consent of the Supplier, initiate discussions on entering into a captive arrangement. Upon expression of interest from the Supplier to enter into captive arrangement, the matter shall be mutually discussed between the Parties and such discussions shall have no bearing whatsoever on the obligations of the Supplier under the terms and conditions of this Ag...
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Grant of Procurement Contract 
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Related to Grant of Procurement Contract

  • Publication of Procurement Contract 48.1 Within fourteen days after signing the contract, the Procuring Entity shall publish and publicize the awarded contract at its notice boards, entity website; and on the Website of the Authority in manner and format prescribed by the Authority. At the minimum, the notice shall contain the following information: a) name and address of the Procuring Entity; b) name and reference number of the contract being awarded, a summary of its scope and the selection method used; c) the name of the successful Tenderer, the final total contract price, the contract duration. d) dates of signature, commencement and completion of contract; e) names of all Tenderers that submitted Tenders, and their Tender prices as read out at Tender opening;

  • Terms of procurement Terms of submission: Electronic submission: Required Languages in which tenders or requests to participate may be submitted: English Electronic catalogue: Not allowed Tenderers may submit more than one tender: Not allowed Deadline for receipt of tenders: 15/07/2024 12:00 +01:00 Information about public opening: Opening date: 15/07/2024 12:30 +01:00

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Compliance with Contracts and Credit and Collection Policy Such Seller Party will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Cooperative Contract The provisions and pricing of this Contract will be extended to other California local or state governmental entities. Governmental entities wishing to use this Contract will be responsible for issuing their own purchase documents/price agreements, providing for their own acceptance, and making any subsequent payments. Contractor shall be required to include in any Contract entered into with another agency or entity that is entered into as an extension of this Contract a Contract clause that will hold harmless the County of Orange from all claims, demands, actions or causes of actions of every kind resulting directly or indirectly, arising out of, or in any way connected with the use of this contract. Failure to do so will be considered a material breach of this Contract and grounds for immediate Contract termination. The cooperative entities are responsible for obtaining all certificates of insurance and bonds required. The Contractor is responsible for providing each cooperative entity a copy of the Contract upon request by the cooperative entity. The County of Orange makes no guarantee of usage by other users of this Contract. The Contractor shall be required to maintain a list of the cooperative entities using this Contract. The list shall report dollar volumes spent annually and shall be provided on an annual basis to the County, at the County’s request.