Fuel Purchase Agreement Page 14

ADVERTISEMENT

FLORIDA POWER & LIGHT COMPANY
FUEL OIL PURCHASE CONTRACT
GENERAL TERMS AND CONDITIONS
MISCELLANEOUS
15
Construction
15.1
Appendix and Section headings appearing in this Contract are inserted for purposes of convenience and reference only and shall in
no way be construed to be interpretations of the text.
Complete Agreement
15.2
This Contract constitutes the entire final, complete and exclusive statement of the terms of agreement between the Parties. The
Parties agree that parol or extrinsic evidence may not be used to alter or contradict the express terms of this Contract and that
recourse may not be had to alleged prior dealings, usage of trade, course of dealing, or course of performance to explain or
supplement the express terms of this Contract. This Contract shall not be amended or modified, and no waiver of any provision
hereof shall be effective, unless set forth in writing and executed by the Parties.
Assignment
15.3
Neither Party shall assign this Contract or the duties to be performed hereunder without the prior written consent of the other, which
consent shall not be unreasonably withheld or delayed. Notwithstanding such agreement by of the consenting Party, no assignment
of this Contract shall release the assigning Party from any obligations hereunder until such obligations have been fully assumed by
the assignee and the consenting Party has released the assigning Party from its obligations under this Contract in writing. Such
release shall not be unreasonably withheld or delayed by the consenting Party.
Confidentiality
15.4
The Parties agree to hold this Contract, including any Transaction Confirmations or any related confidential material, in trust and
confidence and shall not disclose the same to others except contractors, agents, representatives, consultants, employees and
affiliated companies of the disclosing Party, except as otherwise provided in this Contract. Notwithstanding the above, the Parties
may disclose this Contract and any Transaction Confirmations or any related confidential material to governmental authorities
having appropriate jurisdiction when required to do so.
Contractor Status
15.5
SELLER agrees to furnish Product under this Contract as an independent contractor and not a subcontractor, agent or employee of
FPL Entities. FPL Entities will not retain any control or direction over SELLER, its employees, or Subcontractors, or over the means,
manner, or methods of performance of SELLER’s obligations under this Contract.
Nonwaiver
15.6
Except as may be specifically provided for in this Contract, failure of either Party to insist upon strict performance of any provisions
hereof, or failure or delay in exercising any rights or remedies provided herein or by law, or the acceptance of or payment for the
Product or any combination thereof, shall not release the other Party from any obligations under this Contract and shall not be
deemed a waiver of the right to insist upon strict enforcement hereof, or of any rights or remedies made available under this
Contract or by law, nor shall any purported oral modification or rescission of this Contract by an employee or agent of the Parties
operate as a waiver of any of the provisions hereof.
Severability of Provisions
15.7
If any provision of this Contract is determined by a court having jurisdiction to be illegal, unenforceable or in conflict with any
applicable law, such determination shall have no effect on the validity and enforceability of the remaining provisions of the Contract.
The Parties expressly agree that no provision of this Contract should be construed against or interpreted to the disadvantage of any
Party by any governmental authority due to such Party having structured or dictated such provision.
Survival
15.8
The obligations, warranties, and agreements of the Parties under this Contract shall inure to the benefit of the Parties and their
successors and permitted assigns and shall exist for the full term of the Contract. The provisions of this Contract that provide for
indemnification and limitation of or protection against Liabilities shall apply to the fullest extent of the law and shall survive the
termination of this Contract.
Waiver of Claims
15.9
All invoices, billings, and the payments made or due hereunder shall be conclusively presumed final and accurate and all associated
claims for under- or overpayments shall be deemed waived unless such invoices, billings, and payments are objected to in writing,
with adequate explanation and/or documentation, within two years after the Delivery Month.
GLOSSARY
16
Affiliate: With respect to either Party to this Contract, any other entity that directly or indirectly, through one or more
16.1
intermediaries, controls or is controlled by, or is under common control with, such Party. For this purpose, “control”
means the direct or indirect ownership of 50% or more of the outstanding capital stock or other equity interests having
ordinary voting power.
API: American Petroleum Institute
16.2
ASTM:
American Society for Testing and Materials
16.3
Barrel -or- BBL: A volume equal to forty-two (42) U.S. gallons. For purposes of this Contract, when measured at the
16.4
delivery temperature, the volume may be referred to as gross Barrels, whereas, upon correction for temperature
variations to sixty degrees Fahrenheit (60°F) according to ASTM D-1250, Table 6B, the volume may be referred to as
net Barrels.
FPL FOG GTC R20100101.doc
14

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Business