Direct Transfer Trip Clause Samples

A Direct Transfer Trip clause establishes the requirement for an automatic remote tripping signal to be sent to a circuit breaker or other protective device in the event of certain system conditions, such as faults or abnormal operations. In practice, this means that when a fault is detected on one part of the electrical grid, a signal is immediately transmitted—often via communication lines—to open breakers at remote locations, thereby isolating the affected section. This mechanism is crucial for quickly disconnecting faulty equipment or lines, preventing damage, and maintaining system stability by ensuring that faults are cleared as rapidly and safely as possible.
Direct Transfer Trip. If the direct transfer trip is unavailable, due to loss of communication link, RTU failure, or other event resulting in the loss of the remote control by the Company, provisions must be made for the Seller to trip the main circuit breaker.
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Direct Transfer Trip i) Any Settling Interconnection Customer that is required to install DTT under the terms of its IA shall be entitled to utilize a third-party fiber communications service provider upon written notification of such election to Duke. Additionally, promptly following the NC Effective Date, Duke will, in good faith, explore certain approaches, including engaging with others, in an effort to potentially reduce the cost to any such Settling Interconnection Customer of Upgrades associated with DTT, short of eliminating the requirement for DTT. ii) In the case of any Settling Interconnection Customer that has been required to install DTT under the terms of its Interconnection Agreement, in lieu of requiring full up-front payment of the best estimate set forth in the Interconnection Agreement, Duke shall permit payment of the best estimate to be made as follows: (a) Thirty percent (30%) of the estimated cost of the portion of the DTT that involves upgrades to the applicable substation (“DTT Substation Upgrades”) shall be due within forty-five (45) Business Days after the full and complete execution and return to the Interconnection Customer of the IA. ELECTRONICALLY FILED - 2020 September 4 5:41 PM - SCPSC - Docket # 2015-362-E - Page 21 of 45 (b) The balance shall be due within seven (7) months after the date the initial payment is required by Section 5(b)(ii)(a) above. (c) The Settling Developers acknowledge and agree that payment deferral pursuant to Sections 5(b)(ii)(a) and (b) above subjects all later-queued Interdependent projects to the risk that full payment of the best estimate by the prior queued Interdependent project is not made and the next in line later queued Interdependent project will be responsible for the unpaid portion of the cost of the DTT Substation Upgrades. The payment deferral in Sections 5(b)(ii)(a) and (b) shall not be permitted where the later-queued Interdependent Project is a non-Settling Interconnection Customer. Where the later-queued Interdependent Project is a Settling Interconnection Customer, Duke shall be permitted to identify such contingent liability for any remaining cost of the DTT Substation Upgrades in the IA for such later-queued Interdependent Project.
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Direct Transfer Trip. Receive Digital Input Test trip control status Digital Input / Output * RTU Local / Remote Digital Input
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Related to Direct Transfer Trip

  • Contract Transition Upon Contract expiration or termination, the Contractor shall ensure a seamless transfer of Contract responsibilities with any subsequent Contractor necessary to transition the Products and services of the Contract. The incumbent Contractor assumes all expenses related to the contract transition.

  • Permit Transfer/Sale Release and Waiver of All Claims against Sector Manager; Indemnification and Hold Harmless.

  • Qualified Transferee Any Transfer of a Partnership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; and provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.3.A(4) hereof may be to a separate Qualified Transferee.

  • Asset Transfer As consideration for the indemnity reinsurance of the General Account Liabilities by Reinsurer hereunder, Cedent hereby agrees to transfer to Reinsurer in accordance with the terms of the Acquisition Agreement (i) investment assets having a statutory statement carrying value on the books of Cedent equal to (a) the General Account Liabilities as of the close of business on the last day of the month preceding the month in which the Effective Date falls plus (b) the amount of the participating surplus with respect to the Coinsured Contracts as of such date less (c) the amount of any contract loans under the Coinsured Contracts as of such date and less (d) the amount of the General Account Other Insurance Assets as of such date and (ii) the General Account Other Insurance Assets as of the close of business on the last day of the month preceding the month in which the Effective Date falls. As additional consideration for the assumption of the General Account Liabilities by Reinsurer, Reinsurer shall be entitled to 100% of all premiums, deposits and other considerations to the extent received on or after the Effective Date by Cedent or Reinsurer with respect to the general account portion of the Coinsured Contracts net of reinsurance premiums and all other amounts payable on or after the Effective Date with respect to the Outward Reinsurance. Cedent shall promptly remit to Reinsurer (but in no event later than 72 hours following the receipt of any such premiums, deposits and other considerations) any such amounts received by it in respect of any of the Coinsured Contracts and hereby assigns to Reinsurer all of its rights to such premiums, deposits and other considerations payable to Cedent.

  • Asset Transfers The Company shall not (i) transfer, sell, convey or otherwise dispose of any of its material assets to any subsidiary except for a cash or cash equivalent consideration and for a proper business purpose or (ii) transfer, sell, convey or otherwise dispose of any of its material assets to any Affiliate, as defined below, during the Term of this Agreement. For purposes hereof, "Affiliate" shall mean any officer of the Company, director of the Company or owner of twenty percent (20%) or more of the Common Stock or other securities of the Company.