Common use of Permitted Fossil Fuel Use Clause in Contracts

Permitted Fossil Fuel Use. Fossil Fuels may be used for fuelling or driving the Renewable Energy Installation for one or more of the following purposes: (a) the ignition of gases of low or variable calorific value; (b) the heating of the combustion system to its normal operating temperature and/or the maintenance of that temperature; (c) during startups or shutdowns and shall not be used after steady state condition has been achieved. Provided that the energy content of the Fossil Fuel used does not exceed 10% of the energy content of all the fuel used in the Renewable Energy Installation on a monthly basis. CLAUSE 7: BILLING & PAYMENT The Parties agree that the reading of meters, issuance of bills and payment toward such bills shall be carried out in accordance with the applicable provisions of the T&O Rules. Each Party shall be entitled to receive from the other Party interest on any due but unpaid amount owing to the first-mentioned Party pursuant to this Agreement and/or the T&O Rules, calculated at the rate of one per centum above the base lending rate then in effect at the principal office of Malayan Banking Berhad or its successors in title, from the date on which such amount became due, including such date, until the date full settlement is made, excluding such date.

Appears in 4 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Permitted Fossil Fuel Use. Fossil Fuels may be used for fuelling or driving the Renewable Energy Installation for one or more of the following purposes: (a) the ignition of gases of low or variable calorific value; (b) the heating of the combustion system to its normal operating temperature and/or the maintenance of that temperature; (c) during startups or shutdowns and shall not be used after steady state condition has been achieved. Provided that the energy content of the Fossil Fuel used does not exceed 10% of the energy content of all the fuel used in the Renewable Energy Installation on a monthly basis. CLAUSE 7: BILLING & PAYMENT The Parties agree that the reading of meters, issuance of bills and payment toward such bills shall be carried out in accordance with the applicable provisions of the T&O Rules. Each Party shall be entitled to receive from the other Party interest on any due but unpaid amount owing to the first-mentioned Party pursuant to this Agreement and/or the T&O Rules, calculated at the rate of one per oneper centum above the base lending rate then in effect at the principal office of Malayan Banking Berhad or its successors in title, from the date on which such amount became due, including such date, until the date full settlement is made, excluding such date.

Appears in 2 contracts

Sources: Renewable Energy Power Purchase Agreement, Power Purchase Agreement