Common use of General Payment Terms Clause in Contracts

General Payment Terms. The Interconnecting Customer shall be responsible for the System Modification costs and payment terms identified in Attachment 3of this Agreement and any approved cost increases pursuant to the terms of the Interconnection Tariff. Interconnecting Customers shall not be required to pay any costs related to Company infrastructure upgrades or System Modifications upon execution of the Interconnection Service Agreement (or once the Interconnecting Customer receives the construction schedule). Interconnecting Customers shall have 120 Business Days from the date of execution of an Interconnection Service Agreement to pay 25 percent of those costs; if an Interconnecting Customer pays such cost within the 120 Business Day Time Frame, the Interconnecting Customer shall have an additional 120 Business Days from the date of first payment to pay the remainder of the costs. If the system modifications exceed $25,000, the Interconnecting Customer is eligible for a payment plan, including a payment and construction schedule with milestones for both parties, and any such payment plan shall be set forth in Attachment 3. The payment plan may include a payment schedule different than the 120 Business Day payment schedule requirements set forth in this paragraph above. Construction estimates are valid for 60 Business Days from when they are delivered to the Interconnecting Customer. If an Interconnecting Customer payment is not received within 60 Business Days of receiving the Interconnection Service Agreement in the Expedited Process, or the Impact Study in the Standard Process, the Company has the right to reassess construction costs and Time Frames. In the event that the Interconnecting Customer fails to pay the Company within the Time Frame required by this provision, the Company will require the Interconnecting Customer to reapply for interconnection. Further, any fees paid will not be refunded. The construction schedule will commence once the Interconnecting Customer’s financial payment has been made in full or as otherwise provided in Attachment 3. The Company’s obligation to the construction schedule (as it appears in either the Interconnection Service Agreement or the Detailed Study, if the Interconnecting Customer has opted to sign the Interconnection Service Agreement without a Detailed Study) begins on the next Business Day after the Company receives full payment for such construction or as otherwise provided in Attachment 3.

Appears in 4 contracts

Samples: Interconnection Service Agreement, G Interconnection Service Agreement, Interconnection Service Agreement

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General Payment Terms. The Interconnecting Customer shall be responsible for the System Modification costs and payment terms identified in Attachment 3of this Agreement and any approved cost increases pursuant to the terms of the Interconnection Tariff. Interconnecting Customers shall not be required to pay any costs related to Company infrastructure upgrades or System Modifications upon execution of the Interconnection Service Agreement (or once the Interconnecting Customer receives the construction schedule). Interconnecting Customers shall have 120 Business Days from the date of execution of an Interconnection Service Agreement to pay 25 percent of those costs; if costs;if an Interconnecting Customer pays such cost within the 120 Business Day Time Frame, the Interconnecting Customer shall have an additional 120 Business Days from the date of first payment to pay the remainder of the costs. If the system modifications exceed $25,000, the Interconnecting Customer is eligible for a payment plan, including a payment and construction schedule with milestones for both parties, and any such payment plan shall be set forth in Attachment 3. The payment plan may include a payment schedule different than the 120 Business Day payment schedule requirements set forth in this paragraph above. Construction estimates are valid for 60 Business Days from when they are delivered to the Interconnecting Customer. If an Interconnecting Customer payment is not received within 60 Business Days of receiving the Interconnection Service Agreement in the Expedited Process, or the Impact Study in the Standard Process, the Company has the right to reassess construction costs and Time Frames. In the event that the Interconnecting Customer fails to pay the Company within the Time Frame required by this provision, the Company will require the Interconnecting Customer to reapply for interconnection. Further, any fees paid will not be refunded. The construction schedule will commence once the Interconnecting Customer’s financial payment has been made in full or fullor as otherwise provided in Attachment 3. The Company’s obligation to the construction schedule (as it appears in either the Interconnection Service Agreement or the Detailed Study, if the Interconnecting Customer has opted to sign the Interconnection Service Agreement without a Detailed Study) begins on the next Business Day after the Company receives full payment for such construction or as otherwise provided in Attachment 3.Attachment

Appears in 2 contracts

Samples: Interconnection Service Agreement, Interconnection Service Agreement

General Payment Terms. The Interconnecting Customer shall be responsible for the System Modification costs and payment terms identified in Attachment 3of 3 of this Agreement and any approved cost increases pursuant to the terms of the Interconnection Tariff. The Interconnecting Customers Customer shall also be directly responsible to the Affected System Operator and/or Affected System Owner of any potentially Affected System for all costs of any additional studies required to evaluate the impact of the interconnection on the potentially Affected Systems and any resulting Affected System costs for its requirements, including, without limitation, modifications to the electric power system of the Affected System and operation and maintenance costs; provided, however, the Company may, in its sole discretion, elect to include the additional Affected System study and/or system modification costs known at the time of this Agreement in the Company’s costs and payment terms identified in Attachment 3 of this Agreement, and the Interconnecting Customer will pay such costs to the Company (and will be responsible for any and all actual costs thereof). Where the Company includes the Affected System costs in this Agreement, the costs will be collected by the Company and passed-through to the Affected System Operator(s). Interconnecting Customer shall not be required to pay any costs related to Company infrastructure upgrades or System Modifications upon execution of the Interconnection Service Agreement (or once the Interconnecting Customer receives the construction schedule). Interconnecting Customers shall have 120 60 Business Days from the date of the Interconnecting Customer’s execution of an Interconnection Service Agreement to pay 25 percent of those costs; if an Interconnecting Customer pays such cost within the 120 60 Business Day Time Frame, the Interconnecting Customer shall have an additional 120 Business Days from the earlier of the date of receipt of the first payment or 60 Business Days from the date of the Interconnecting Customer’s execution of an Interconnection Service Agreement to pay the remainder of the costs. If the Company fails to sign this Interconnection Service Agreement within 15 Business Days after receipt of the first installment payment by the Interconnecting Customer, this Interconnection Service Agreement shall be deemed accepted by the Company on the 15th Business Day after receipt of the first installment payment. If the system modifications exceed $25,000, the Interconnecting Customer is eligible for a payment plan, including a payment and construction schedule with milestones for both parties, and any within the Time Frames for payment of such payment plan shall be set forth in Attachment 3. The payment plan may include a payment schedule different than the 120 Business Day payment schedule requirements set forth in this paragraph above. Construction estimates are valid for 60 Business Days from when they are delivered to the Interconnecting Customer. If an Interconnecting Customer payment is not received within 60 Business Days of receiving costs under the Interconnection Service Agreement in the Expedited Process, or the Impact Study in the Standard Process, the Company has the right to reassess construction costs and Time Frames. In the event that the Interconnecting Customer fails to pay the Company within the Time Frame required by this provision, the Company will require the Interconnecting Customer to reapply for interconnection. Further, any fees paid will not be refunded. The construction schedule will commence once the Interconnecting Customer’s financial payment has been made in full or as otherwise provided in Attachment 3. The Company’s obligation to the construction schedule (as it appears in either the Interconnection Service Agreement or the Detailed Study, if the Interconnecting Customer has opted to sign the Interconnection Service Agreement without a Detailed Study) begins on the next Business Day after the Company receives full payment for such construction or as otherwise provided in Attachment 3.Section

Appears in 1 contract

Samples: G Interconnection Service Agreement

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General Payment Terms. The Interconnecting Customer shall be responsible for the System Modification costs and payment terms identified in Attachment 3of 3 of this Agreement and any approved cost increases pursuant to the terms of the Interconnection Tariff. The Interconnecting Customers Customer shall also be directly responsible to the Affected System Operator and/or Affected System Owner of any potentially Affected System for all costs of any additional studies required to evaluate the impact of the interconnection on the potentially Affected Systems and any resulting Affected System costs for its requirements, including, without limitation, modifications to the electric power system of the Affected System and operation and maintenance costs; provided, however, the Company may, in its sole discretion, elect to include the additional Affected System study and/or system modification costs known at the time of this Agreement in the Company’s costs and payment terms identified in Attachment 3 of this Agreement, and the Interconnecting Customer will pay such costs to the Company (and will be responsible for any and all actual costs thereof). Where the Company includes the Affected System costs in this Agreement, the costs will be collected by the Company and passed-through to the Affected System Operator(s). Interconnecting Customer shall not be required to pay any costs related to Company infrastructure upgrades or System Modifications upon execution of the Interconnection Service Agreement (or once the Interconnecting Customer receives the construction schedule). Interconnecting Customers shall have 120 Business Days from the date of execution of an Interconnection Service Agreement to pay 25 percent of those costs; if an Interconnecting Customer pays such cost within the 120 Business Day Time Frame, the Interconnecting Customer shall have an additional 120 Business Days from the date of first payment to pay the remainder of the costs. If the system modifications exceed $25,000, the Interconnecting Customer is eligible for a payment plan, including a payment and construction schedule with milestones for both parties, and any such payment plan shall be set forth in Attachment 3. The payment plan may include a payment schedule different than the 120 Business Day payment schedule requirements set forth in this paragraph above. Construction estimates are valid for 60 Business Days from when they are delivered to the Interconnecting Customer. If an Interconnecting Customer payment is not received within 60 Business Days of receiving the Interconnection Service Agreement in the Expedited Process, or the Impact Study in the Standard Process, the Company has the right to reassess construction costs and Time Frames. In the event that the Interconnecting Customer fails to pay the Company within the Time Frame required by this provision, the Company will require the Interconnecting Customer to reapply for interconnection. Further, any fees paid will not be refunded. The construction schedule will commence once the Interconnecting Customer’s financial payment has been made in full or as otherwise provided in Attachment 3. The Company’s obligation to the construction schedule (as it appears in either the Interconnection Service Agreement or the Detailed Study, if the Interconnecting Customer has opted to sign the Interconnection Service Agreement without a Detailed Study) begins on the next Business Day after the Company receives full payment for such construction or as otherwise provided in Attachment 3.

Appears in 1 contract

Samples: Interconnection Service Agreement

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