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 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 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 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.
5.1. Construction estimates are valid Cost or Fee Adjustment Procedures. The Company will, in writing, advise the Interconnecting Customer in advance of any cost increase for 60 Business Days from when they are delivered work to be performed up to a total amount of increase of 10% only. All costs that exceed the 10% increase cap will be borne solely by the Company. Interconnecting Customers who elected to execute an Interconnection Services Agreement following the completion of the Impact Study but prior to the commencement of any Design Studies, pursuant to Section 3.4(e) of the Interconnection Tariff, shall be responsible for any System Modifications costs, ±25%, as identified by the Company in the Impact Study. Any such changes to the Company’s costs for the work shall be subject to the Interconnecting Customer’s consent. If an The Interconnecting Customer payment is not received shall, within 60 thirty (30) Business Days of receiving the Interconnection Service Agreement Company’s notice of increase, authorize such increase and make payment in the Expedited Processamount up to the 10% increase cap, 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 suspend the Interconnecting Customer to reapply for interconnection. Further, any fees paid work and the corresponding agreement 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 3terminate.
Appears in 2 contracts
Samples: Interconnection Service Agreement, Interconnection Service Agreement