Common use of Adjustments to Performance Characteristics Clause in Contracts

Adjustments to Performance Characteristics. (a) If Owner installs any Capital Item or makes any Repairs the costs of which are paid by ISO under this Agreement, Owner shall modify the Maximum Net Dependable Capacity, Unit Availability Limit, and performance characteristics of the affected Unit to reflect the resulting changes in operating costs effective as of the date ISO’s payment of ISO’s Repair Share of the Repairs is made, or in the case of a Capital Item, the date the cost of the Capital Item is included in a Surcharge Payment or the rates paid by ISO.

Appears in 4 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

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