Common use of Definitions of Phases and Applicable Time Periods Clause in Contracts

Definitions of Phases and Applicable Time Periods. The Parties’ coordination and exchange of data and information shall occur in three (3) phases. Phase 1, “Non-Market to Non-Market”, shall commence upon execution of this Agreement. Phase 2, “Market to Non- Market,” shall commence upon the initiation of a Market within the SPP footprint or the MIDWEST ISO footprint where such a market did not exist prior to the Effective Date and ending when SPP and MIDWEST ISO have initiated Markets. Phase 3, “Market to Market,” shall commence when SPP and MIDWEST ISO have implemented Markets and such commencement shall be with respect only to Control Areas included in those Markets. Each phase includes continuation of all elements of prior phases except any elements that, due to initiation of a later phase, are determined by both Parties to be impracticable to perform.