Applicable Study Deposit Sample Clauses
The Applicable Study Deposit clause defines the amount of money that a party must pay as a deposit to initiate or participate in a specific study or project. Typically, this clause outlines when the deposit is due, the conditions under which it may be refunded or forfeited, and any adjustments based on the scope or duration of the study. Its core practical function is to ensure that the party requesting the study demonstrates commitment and covers initial costs, thereby reducing the risk of non-serious inquiries and providing financial security for the party conducting the study.
Applicable Study Deposit. If the ISO is responsible for performing the entire study, the required deposit is $120,000 If the Developer is hiring a third-party consultant to perform the analytical portion of the study, the required deposit is $40,000 If the Developer does not provide the required study deposit within fifteen (15) Business Days after the ISO’s notice to the Developer and the Connecting Transmission Owner of the good faith estimate of the cost and timeframe for completing the SRIS, the Interconnection Request will be subject to withdrawal.
Applicable Study Deposit. If the ISO is responsible for performing the entire study, the required deposit is $120,000 ($150,000 if the Developer elects to include a preliminary, non-binding evaluation of the Large Facility’s deliverability under the NYISO Deliverability Interconnection Standard). If the Developer is hiring a third-party consultant to perform the analytical portion of the study, the required deposit is $40,000 ($70,000 if the Developer elects to include a preliminary, non- binding evaluation of the Large Facility’s deliverability under the NYISO Deliverability Interconnection Standard). If the Developer does not provide the required study deposit within fifteen (15) Business Days after the ISO’s notice to the Developer and the Connecting Transmission Owner of the good faith estimate of the cost and timeframe for completing the SRIS, the Interconnection Request will be subject to withdrawal.