Expedited System Study Sample Clauses

Expedited System Study. If AEP determines that minimum efforts are needed to carry out the requested Delivery Point modifications/additions, AEP shall, upon request by the Customer, offer a single agreement covering the System Impact Study and Facilities Study, the “System Study Agreement.” The Study Agreement shall commit the Customer to pay AEP the actual cost to complete the study and to make an advance deposit equal to the estimated study cost or $25,000, whichever is less.
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Expedited System Study. If Host Transmission Owner determines, based on Good Utility Practice, that minimum efforts are needed to carry out the requested Delivery Point modifications/additions, Host Transmission Owner shall, upon request by the Customer, offer a single agreement covering the System Impact Study and Facilities Study, the “Expedited Study Agreement.” The Expedited Study Agreement shall commit the Customer to pay Host Transmission Owner the actual cost to complete the study and to make an advance deposit equal to the estimated study cost or $25,000, whichever is less. If the Customer fails to return an executed Expedited Study Agreement within thirty (30) Calendar Days of receipt along with the required deposit, or at a later date as the Parties may mutually agree, Host Transmission Owner shall deem the study request to be withdrawn. The Customer may withdraw its study request at any time by written notice of such withdrawal to Host Transmission Owner. Host Transmission Owner shall complete the Expedited Study and issue an Expedited Study report to the Customer within sixty (60) Calendar Days after receipt of an executed Expedited Study Agreement, deposit and necessary data, or at a later date as the Parties may mutually agree. Upon completion of the Expedited Study, the Customer shall reimburse Host Transmission Owner for the unpaid cost of the Expedited Study if the cost of the Expedited Study exceeds the deposit. Host Transmission Owner shall refund the Customer, with interest, any portion of the deposit that exceeds the cost of the Expedited Study. The interest rate will be computed in accordance with 18 C.F.R. § 35.19a(a)(2).

Related to Expedited System Study

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

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