Asset Management Policy Manual ; Transfer Price Sample Clauses

Asset Management Policy Manual ; Transfer Price. On or before fifteen (15) months prior to the anticipated Commercial Operation Date, the Power Marketer shall develop an asset management policy manual, which shall be subject to the Management Committee's approval ("Asset Management Policy Manual"). (a) The Asset Management Policy Manual shall set the applicable price at which either Member can purchase (or arrange for the purchase) of Capacity and Energy pursuant to Section 7.3 (the "Transfer Price"), state the policies and procedures for all Power Marketing Services, contain certain risk parameters for trading by the Power Marketer of Capacity, Energy and ancillary services from the Facility (which the Management Committee may change from time to time) and incorporate the provisions set forth in Appendix I. The Transfer Price is anticipated to reflect the "all in" costs to the Company allocable to the Capacity and Energy that either Member may purchase (or arrange for the purchase of) from the Company hereunder. (b) All Power Marketing Services undertaken by the Power Marketer in connection with the Project shall be undertaken in accordance with the Asset Management Policy Manual, and any and all risk parameters set forth therein or that the Management Committee may from time to time establish in connection therewith. The Management Committee may modify, amend or restate the Asset Management Policy Manual at any time and from time to time in its discretion.
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