Default Product Sample Clauses

Default Product. The product selected by the Municipality for supply to its Participating Customers, unless they take action to select a different product or opt out.
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Default Product. The product selected by the Municipality for supply to its Eligible Customers upon enrollment, unless they take action to select a different product or opt out. The Default Product for the Municipality shall be the 1) Standard Product or 2) collectively, either the 100% Renewable Clean Power Product or Standard Product Plus Green-e RECs [select 1) or 2) and initial]. In the event that Municipality selects the second option above, the choice between available products shall be made based on the criteria set out in the definition of Compliant Bid.
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Default Product. The product selected by the Municipality for supply to its Participating Customers, unless they take action to select a different product or opt out. The Default Product for the Municipality shall be the 50% Renewable Clean Power Product, as that term is defined in the 2024 ESA. If the municipality elects to do so, as set forth in clause 4.10 of Exhibit A of the 2024 ESA Template , the Default Product may be modified to the 100% Renewable Clean Power Product, as that term is defined in the 2024 ESA. Such amendment shall have substantially the same terms outlined in the attached Amendment to the 2024 ESA (Attached as Exhibit 2)
Sample 1
Default Product. Traditional generation mix, meeting the minimum Renewable Portfolio Standards for electric power established by New York State.
Sample 1
Default Product. The product selected by the Municipality for supply to its Participating Customers, unless they take action to select a different product or opt out. Default Service – Supply service provided by the Distribution Utility to customers who are not currently receiving service from a Competitive Supplier. Delivery Term - The period for which prices for Firm Full-Requirements Power Supply have been established, as set forth in Exhibit A. Distribution Utility - Owner or controller of the means of distribution of the natural gas or electricity that is regulated by the Public Service Commission in the Municipality. Electronic Data Interchange (“EDI”) - The exchange of business data in a standardized format between business computer systems. Effective Date - The date upon which this ESA has been executed by the Parties (to be determined by the later date, if the Parties execute on different dates).
Sample 1

Related to Default Product

  • Customer Default The occurrence at any time of any of the following events shall constitute a “Customer Default”:

  • Regulatory Event New Taxes If, after the Effective Date, a Regulatory Event occurs or New Taxes are imposed, and such event or taxes have a direct, material and adverse effect on the economic benefits to a Party of this ESA, the affected Party shall send written notice to the other Party, setting forth the Regulatory Event or New Taxes and reasonably demonstrating the effect of the same on the affected Party. Upon delivery of such notice, the Parties shall use reasonable efforts to negotiate an amendment to this ESA to mitigate such effect. Alternatively, if as a direct result of such a Regulatory Event or New Taxes, the Competitive Supplier incurs additional, material costs, the Competitive Supplier shall provide a written notice to the Town that documents: a) the effective date of the Regulatory Event or New Taxes; b) a detailed explanation and reasonable demonstration of the material costs incurred as a result of the Regulatory Event or New Taxes; c) the timing of the cost impact to be incurred by the Competitive Supplier; d) the proposed price increase per kWh to be passed on to Participating Consumers; and e) a proposed plan for coordinating with the Local Distributor for an increase in the price per kWh that is billed by the Local Distributor, designed to reimburse the Competitive Supplier for such cost impact. If the Town and the Competitive supplier cannot agree on the amendment to this ESA or reimbursement contemplated by this section, the matter may be subject to dispute resolution in accordance with section 12.2. In no event shall a price change become effective without providing Participating Consumers with a 30-day advance notice of the price change.

  • Xxxxxx of Default Any one or more of the following shall constitute an “Event of Default” hereunder:

  • REGULATORY EVENT If a Regulatory Event occurs, the Parties shall use their best efforts to reform this ESA to give effect to the original intent of the Parties. If a Regulatory Event affects Competitive Supplier and Competitive Supplier incurs excess costs as a result thereof, such amount shall be allocated to and collected from Participating Consumers on a per kWh basis through applicable monthly invoice(s).

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