Common use of CAISO Settlements Clause in Contracts

CAISO Settlements. Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 3 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

AutoNDA by SimpleDocs

CAISO Settlements. As Scheduling Coordinator, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Generating Units or the Generating Facility, as applicable. Seller shall cooperate with Buyer in Buyer’s performance of any settlement functions, and Seller shall promptly deliver to Buyer, or provide Buyer access to, all Generating Unit or the Generating Facility, as applicable, data necessary for CAISO settlements and any correspondence or communications with CAISO related to the Generating Units or the Generating Facility, as applicable, including any invoices or settlement data, in the mutually agreed upon format reasonably requested by Buyer. Buyer shall render a separate invoice to Seller for any all CAISO payments, charges or penalties Charges (“CAISO Charges Invoice”) for which Seller is responsible under this AgreementAgreement as described in Exhibit H, in accordance with the applicable billing and payment methodologies utilized for the specific CAISO Charge as set forth in the CAISO Tariff. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO that identifies any CAISO chargesCharges. Notwithstanding the foregoingAt Seller’s request, Buyer shall provide Seller acknowledges that with an invoice detailing all Generating Facility CAISO Charges by individual CAISO Charge codes or types used by CAISO to identify individual CAISO Charges including a copy of all supplemental and/or supporting documentation provided by the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO chargesBuyer in the settlement process. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days on or before the later of Seller’s the 20th day of each month, or tenth day after receipt of the CAISO Charges InvoiceInvoice or, if such day is not a Business Day, then on the next Business Day. If Seller fails to pay any undisputed a CAISO Charges Invoice within that periodsuch timeframe, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this as set forth in Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement4.02.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the FacilityProject. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) with respect to the Delivery Term for which Seller is responsible under this AgreementAgreement (“CAISO Charges Invoice”). CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Buyer will review, validate, and dispute any charges that are the responsibility of Seller in a timely manner and consistent with its existing settlement processes for charges that are Buyer’s responsibility. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx Buyer pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO (approximately 90 days after each month in the Delivery Term) that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. Upon Seller’s request, Buyer shall promptly provide Seller with all CAISO settlement data required to validate a CAISO Charges Invoice. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Fourth Amendment

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the FacilityProject. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties for which Seller is responsible under this Agreement (“CAISO Charges Invoice”). CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO (approximately 90 days after each month in the Delivery Term) that identifies any CAISO charges for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. Buyer shall supply all CAISO settlement data required to validate a CAISO Charges Invoice within seven (7) Business Days after request by Seller. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Power Purchase Agreement

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement, including Section 3.3(b). CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (eSection 4.3(e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Storage and Services Agreement

CAISO Settlements. Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Storage Service Agreement

CAISO Settlements. As Scheduling Coordinator, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Generating Units or the Generating Facility, as applicable. Seller shall cooperate with Buyer in Buyer’s performance of any settlement functions, and Seller shall promptly deliver to Buyer, or provide Buyer access to, all Generating Unit or the Generating Facility, as applicable, data necessary for CAISO settlements and any correspondence or communications with CAISO related to the Generating Units or the Generating Facility, as applicable, including any invoices or settlement data, in the mutually agreed upon format reasonably requested by Buyer. Buyer shall render a separate invoice to Seller for any all CAISO payments, charges or penalties Charges for which Seller is responsible under this Agreement (“CAISO Charges Invoice”) as described in Sections 1 through 4 of Exhibit J, in accordance with the applicable billing and payment methodologies utilized for which Seller is responsible under this Agreementthe specific CAISO Charge as set forth in the CAISO Tariff. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO that identifies any CAISO chargesCharges. Notwithstanding the foregoingAt Seller’s request, Buyer shall provide Seller acknowledges that with an invoice detailing all Generating Facility CAISO Charges by individual CAISO Charge codes or types used by CAISO to identify individual CAISO Charges including a copy of all supplemental or supporting documentation provided by the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO chargesBuyer in the settlement process. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days on or before the later of Seller’s the 20th day of each month, or tenth day after receipt of the CAISO Charges InvoiceInvoice or, if such day is not a Business Day, then on the next Business Day. If Seller fails to pay any undisputed a CAISO Charges Invoice within that periodsuch timeframe, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this as set forth in Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement4.02.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

CAISO Settlements. As Scheduling Coordinator, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Generating Units or the Generating Facility, as applicable. Seller shall cooperate with Buyer in Buyer’s performance of any settlement functions, and Seller shall promptly deliver to Buyer, or provide Buyer access to, all Generating Units or the Generating Facility, as applicable, data necessary for CAISO settlements and any correspondence or communications with CAISO related to the Generating Units or the Generating Facility, as applicable, including any invoices or settlement data, in the mutually agreed upon format reasonably requested by Buyer. Buyer shall render a separate invoice to Seller for any all CAISO payments, charges or penalties Charges for which Seller is responsible under this Agreement (“CAISO Charges Invoice”) as described in Sections 1 through 4 of Exhibit J, in accordance with the applicable billing and payment methodologies utilized for which Seller is responsible under this Agreementthe specific CAISO Charge as set forth in the CAISO Tariff. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO that identifies any CAISO chargesCharges. Notwithstanding the foregoingAt Seller’s request, Buyer shall provide Seller acknowledges that with an invoice detailing all Generating Facility CAISO Charges by individual CAISO Charge codes or types used by CAISO to identify individual CAISO Charges including a copy of all supplemental and/or supporting documentation provided by the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO chargesBuyer in the settlement process. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten on or before the later of the twentieth (1020th) Business Days day of Seller’s each month, or tenth day after receipt of the CAISO Charges InvoiceInvoice or, if such day is not a Business Day, then on the next Business Day. If Seller fails to pay any undisputed a CAISO Charges Invoice within that periodsuch timeframe, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this as set forth in Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement4.02.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered by Buyer after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of shall reflect any such invoices, adjustments on subsequent CAISO Charges Invoices. Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

AutoNDA by SimpleDocs

CAISO Settlements. Beginning on the Commercial Operation Date, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will shall review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these such CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

CAISO Settlements. Buyer (as the FacilitySeller’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement, including Section 3.4(b). CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will review, validate, and if requested by Seller under paragraph (eSection 4.3(e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

CAISO Settlements. As Scheduling Coordinator, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Generating Units or the Generating Facility, as applicable. Seller shall cooperate with Buyer in Buyer’s performance of any settlement functions, and Seller shall promptly deliver to Buyer, or provide Buyer access to, all Generating Unit or the Generating Facility, as applicable, data necessary for CAISO settlements and any correspondence or communications with CAISO related to the Generating Units or the Generating Facility, as applicable, including any invoices or settlement data, in the mutually agreed upon format reasonably requested by Buyer. Buyer shall render a separate invoice to Seller for any all CAISO payments, charges or penalties Charges (“CAISO Charges Invoice”) for which Seller is responsible under this AgreementAgreement as described in Sections 1 through 4 of Exhibit H, in accordance with the applicable billing and payment methodologies utilized for the specific CAISO Charge as set forth in the CAISO Tariff. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO that identifies any CAISO chargesCharges. Notwithstanding the foregoingAt Seller’s request, Buyer shall provide Seller acknowledges that with an invoice detailing all Generating Facility CAISO Charges by individual CAISO Charge codes or types used by CAISO to identify individual CAISO Charges including a copy of all supplemental and/or supporting documentation provided by the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO chargesBuyer in the settlement process. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days on or before the later of Seller’s the 20th day of each month, or tenth day after receipt of the CAISO Charges InvoiceInvoice or, if such day is not a Business Day, then on the next Business Day. If Seller fails to pay any undisputed a CAISO Charges Invoice within that periodsuch timeframe, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this as set forth in Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement4.02.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

CAISO Settlements. As Scheduling Coordinator, Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Generating Units or the Generating Facility, as applicable. Seller shall cooperate with Buyer in Buyer’s performance of any settlement functions, and Seller shall promptly deliver to Buyer, or provide Buyer access to, all Generating Unit or the Generating Facility, as applicable, data necessary for CAISO settlements and any correspondence or communications with CAISO related to the Generating Units or the Generating Facility, as applicable, including any invoices or settlement data, in the mutually agreed upon format reasonably requested by Buyer. Buyer shall render a separate invoice to Seller for any all CAISO payments, charges or penalties Charges (“CAISO Charges Invoice”) for which Seller is responsible under this AgreementAgreement as described in Exhibit H, in accordance with the applicable billing and payment methodologies utilized for the specific CAISO Charge as set forth in the CAISO Tariff. CAISO Charges Invoices shall be rendered after final settlement information becomes available from the CAISO that identifies any CAISO chargesCharges. Notwithstanding the foregoingAt Seller’s request, Buyer shall provide Seller acknowledges that with an invoice detailing all Generating Facility CAISO Charges by individual CAISO Charge codes or types used by CAISO to identify individual CAISO Charges including a copy of all supplemental and/or supporting documentation provided by the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO chargesBuyer in the settlement process. Buyer will review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days on or before the later of Seller’s the 20th day of each month, or tenth day after receipt of the CAISO Charges InvoiceInvoice or, if such day is not a Business Day, then on the next Business Day. If Seller fails to pay any undisputed a CAISO Charges Invoice within that periodsuch timeframe, Buyer may net or offset any amounts owing to it for these CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreementas set forth in Section 4.02. The obligations under this Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.ID# [Number], [Seller’s Name]

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

CAISO Settlements. Buyer (as the Facility’s SC) shall be responsible for all settlement functions with the CAISO related to the Facility. Buyer shall render a separate invoice to Seller for any CAISO payments, charges or penalties (“CAISO Charges Invoice”) for which Seller is responsible under this Agreement. CAISO Charges Invoices shall be rendered after settlement information becomes available from the CAISO that identifies any CAISO charges. Notwithstanding the foregoing, Seller acknowledges that the CAISO will issue additional invoices reflecting CAISO adjustments to such CAISO charges. Buyer will shall review, validate, and if requested by Seller under paragraph (e) below, dispute any charges that are the responsibility of Seller in a timely manner and consistent with Buyer’s existing settlement processes for charges that are Buyer’s responsibilities. Subject to Seller’s right to dispute and to have Xxxxx pursue the dispute of any such invoices, Seller shall pay the amount of CAISO Charges Invoices within ten (10) Business Days of Seller’s receipt of the CAISO Charges Invoice. If Seller fails to pay any undisputed such CAISO Charges Invoice within that period, Buyer may net or offset any amounts owing to it for these such CAISO Charges Invoices against any future amounts it may owe to Seller under this Agreement. The obligations under this Section with respect to payment of CAISO Charges Invoices shall survive the expiration or termination of this Agreement.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.