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1998 AGN FEB 03 I02
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1998 February 03 Agenda Packet
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1998 AGN FEB 03 I02
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Draft: 11/07/97 <br />APPENDIX "I" - DEFINITIONS <br />to the <br />;MASTER ENERGY PURCHASE AND SALE AGREEMENT <br />All references to Articles and Sections are to those set forth in this Agreement. Reference to any, <br />documentmeanssuch document as amended from time to time and reference to any Party includes any <br />permitted successor or assignee thereof. The following definitions and any terms defined internally in this <br />Agreement shall apply to this Agreement and all notices and communications made pursuant to this <br />Agreement. <br />"Act" means <br />"Affiliate" means, with respect to any person, any other person (other than an individual) that, directly or <br />indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control <br />with, such person. For this purpose, "control" means the direct or indirect ownership of fifty percent <br />(50%) or more of the outstanding capital stock or other equity interests having ordinary voting power. <br />"Bankruptcy Proceeding" means with respect to a Party or entity, such Party or entity (i) makes an <br />assignment or any general arrangement for the benefit of creditors, (ii) files a petition or otherwise <br />commences, authorizes or acquiesces in the commencement of a proceeding or cause of action under any <br />bankruptcy or similar law for the protection of creditors, or has such petition filed -against it and such <br />petition is not withdrawn or dismissed for 30 days after such filing, (iii) otherwise becomes bankrupt or <br />insolvent (howeverevidenced) or (iv) is unable to pay its debts as they fall due. <br />"Business Day" means a' day on which Federal Reserve member banks in New York City are open for . <br />business; and a Business Day shall open at 8:00 a.m. and close at 5:00 p.m. local time for each Party's. <br />principal place of business. <br />"Bu er" means the Party to a Transaction who is obligated to purchase and receive, or cause to be <br />received, Energy during a Period of Delivery. <br />"Claims" means all claims or actions:,threatened or filed and whether groundless,. false or fraudulent, that <br />directly or indirectly relate to the subject matter of an indemnity, and the resulting losses, damages, <br />expenses, attorneys' fees and court costs, whether incurred by settlement or otherwise, and whether such <br />claims or actions are threatened or filed prior to or after the termination of this Agreement. <br />"Con�ian" means a written notice confirming the specific of a Transaction which may be in <br />any form adequate at law an example of a Confirmation which may utilized hereunder is shown <br />in "Exhibit B-1� <br />"Contract Price" means the price in $U.S. per MWh (unless otherwise provided for) to be paid by Buyer <br />to Seller for the purchase of Energy, including the Energy Price, Demand Charges, Transmission Charges <br />and any other charges, if any, pursuant to a Transaction. <br />"Contract Quantity" means that quantity of Energy that Seller agrees to sell and deliver, or cause to be <br />delivered, to Buyer, and that Buyer agrees to purchase and receive, or cause to be received, from Seller, <br />pursuant to the terms of a Transaction. <br />"Costs" shall have the meaning defined in Section 4.2(b)(i). <br />"Delivery Point means the agreed point of delivery and receipt of Energy pursuant to a Transaction. <br />APPENDIX A <br />0:\UgaitDLYONs1AGMrcoiton2,doe.doc <br />
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