Model Project Development Agreement Page 10
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88"Clean
means the market-based mechanism referred to in Article 12 of the
Development
Kyoto Protocol, created to encourage cooperation between
Mechanism"
developed country entities and developing country entities and to
accelerate reductions of greenhouse gas emissions in developing
countries.
"COD"
means the date specified in a certificate delivered by the
Independent Engineer certifying that all power generating units
comprising the Power Station have satisfied and successfully
demonstrated performance in accordance with the testing and
commissioning requirements set out in the Export Power Purchase
Agreement.
"Committee
means the committee observer as referred to in Section 13.2.2.
Observer"
"Company CPs"
means the conditions precedent as referred to in Section 2.2.
"Company Event
means the company’s event of default as referred to in Section18.1.
of Default"
"Company Share" means the company’s share as referred to in SectionError!
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"Construction
means the Contractors appointed by the Company for the
Contractors"
construction of various Project components as listed in Schedule 26,
to be updated from time to time.
"Contractor"
means the Construction Contractor, the O&M Contractor and any
other direct contractors appointed by the Company, and/or any of
their subcontractors, suppliers and their agents.
"Control"
means the possession, direct or indirect, of the power to direct or
cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract, or
otherwise, and "Controlled" and "Controlling" shall be construed
accordingly.
"Corporate Social
means the corporate social responsibility plan set out in Schedule 15.
Responsibility
Plan"
"Day"
means any twenty four (24) hour period beginning at 00:00 hours
Nepal Standard Time.
"DER"
means the detailed engineering report of the Project which has been,
or is to be, prepared pursuant to this Agreement and Survey License.
means the best standards for civil, electrical and mechanical works
"Design
Standards"
which are generally accepted in the international dam construction
and safety industry, the waterways design industry, the power
generation industry, and the construction industry, as the case may
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