INCENTIVES – FORFEITURE AND REPAYMENT Sample Clauses

INCENTIVES – FORFEITURE AND REPAYMENT. TIME IS OF THE ESSENCE with regard to the construction schedule and to include the Estimated Completion Date and completion date of the Project. If the customer-side construction is not completed within one year following the Estimated Completion Date, and if the Participant and O&R cannot at any time come to a mutually agreeable revised completion date, then O&R may deem the Project abandoned and the Participant may forfeit all, or part, of the incentive amount allocated to the Participant. If the Participant abandons the Project after the effective date of this Agreement, or, consistent with the terms and conditions hereof, if O&R deems reasonably that the Project is abandoned, or if O&R terminates the Program Agreement as provided for hereunder, then the Participant shall reimburse O&R upon O&R’s demand for all incentive payments made in connection with the Project, including utility-side costs incurred by O&R.
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INCENTIVES – FORFEITURE AND REPAYMENT. TIME IS OF THE ESSENCE with regard to the construction schedule and to include the Estimated Completion Date and completion date of the Project. If the customer-side construction is not completed within one year following the Estimated Completion Date, and if the Participant and Con Edison cannot at any time come to a mutually agreeable revised completion date, then Con Edison may deem the Project abandoned and the Participant may forfeit all, or part, of the incentive amount allocated to the Participant. If the Participant abandons the Project after the effective date of this Agreement, or, consistent with the terms and conditions hereof, if Con Xxxxxx xxxxx reasonably that the Project is abandoned, or if Con Xxxxxx terminates the Program Agreement as provided for hereunder, then the Participant shall reimburse Con Edison upon Con Xxxxxx’s demand for all incentive payments made in connection with the Project, including utility-side costs incurred by Con Xxxxxx.
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Related to INCENTIVES – FORFEITURE AND REPAYMENT

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