Common use of Electric System Upgrades Cost Termination Right Clause in Contracts

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after Xxxxx’s Notice to terminate is given to Seller.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or CAISO, the Participating Transmission Owner, or the Utility Distribution Company. Buyer If (A) Seller has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of received any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO, the CAISO or Participating Transmission Owner, if or the Utility Distribution Company prior to the Interconnection Study Date, and (B) such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than $[_______ dollars INSERT] then Seller shall have the right, but not the obligation, to terminate this Agreement by Notice to Buyer within twenty ($_____.__)][Seller to insert based on Offer]20) Business Days of Seller’s receipt of such study or agreement. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. BuyerSeller’s termination of this Agreement will be effective five (5) Business Days after XxxxxSeller’s Notice to terminate is given to SellerBuyer.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission OwnerOwner within ten (10) Business Days of receipt thereof. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement pursuant to this section will be effective five (5) Business Days after XxxxxBuyer’s Notice to terminate is given to Seller.]

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after Xxxxx’s Notice to terminate is given to Seller. The Parties hereby agree that this Section (b) shall not apply if the Project is a Behind the Meter Project.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ [ dollars ($_____.__)][Seller $ . )][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after XxxxxBuyer’s Notice to terminate is given to Seller.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after Xxxxx’s Notice to terminate is given to Seller.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(b(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after XxxxxBuyer’s Notice to terminate is given to Seller. The Parties hereby agree that this Section (b) shall not apply if the Project is a Behind the Meter Project.

Electric System Upgrades Cost Termination Right. Seller shall provide Buyer within ten (10) Business Days of receipt thereof, copies of any Interconnection Study or Interconnection Agreement tendered to Seller [or the Project Company] by CAISO or the Participating Transmission Owner. Buyer has the right to terminate this Agreement by Notice on or before the date that is thirty (30) days after Seller provides to Buyer the results of any Interconnection Study or Interconnection Agreement tendered to Seller [or the Project Company ]by the CAISO or Participating Transmission Owner, if such study or agreement estimates, includes, specifies or reflects that the maximum total cost of the Electric System Upgrades that are or may become reimbursable by the CAISO or any Participating Transmission Owner under the jurisdiction of the CAISO is equal to or greater than [_______ dollars ($_____.__)][Seller to insert based on Offer]. This termination right is irrespective of any subsequent amendments of such Interconnection Study or Interconnection Agreement or any contingencies or assumptions upon which such Interconnection Study or Interconnection Agreement is based. If Buyer exercises its termination right under this Section 4.1(bFour.1(b), no Termination Payment will be due or owing to either Party, and Seller shall be entitled to a return of its Project Development Security. Buyer’s termination of this Agreement will be effective five (5) Business Days after Xxxxx’s Notice to terminate is given to Seller. The Parties hereby agree that this Section Four.1(b) shall not apply if the Project is a Behind the Meter Project.