Transformer Guarantees. Contractor shall use reasonable commercial efforts to include in the MPT Supply Agreement an output guarantee with respect to the MPT transformer requiring the MPT supplier to pay liquidated damages to Owner for No-Load losses at [**] (the “Transformer Guarantees”) in the event that the actual losses of the MPT are below the guaranteed levels set forth in Exhibit 2.2.2
Appears in 2 contracts
Sources: Turnkey Engineering, Procurement and Construction Services Agreement (Otter Tail Corp), Turnkey Engineering, Procurement and Construction Services Agreement (Otter Tail Corp)