Initial REC Delivery Deadline Extensions Sample Clauses

Initial REC Delivery Deadline Extensions. Seller must Deliver at least one (1) REC by May 31, 2027 (the “Initial REC Delivery Deadline”). This deadline may be extended one or more times as follows:
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Initial REC Delivery Deadline Extensions. ‌ (a) Seller must Deliver at least one (1) REC by May 31, 2025 (the “Initial REC Delivery Deadline”). This deadline may be extended one or more times as follows: (i) Provided that (A) an extension request is made in writing by Seller to Buyer and the IPA prior to May 31, 2025 and (B) Seller has posted Performance Assurance to satisfy the Increased Collateral Requirement by May 31, 2025, the Initial REC Delivery Deadline shall be deemed automatically extended to May 31, 2027 for the Delivery of at least one (1) REC from the Project. (ii) Provided that the Initial REC Delivery Deadline has been extended to May 31, 2027 pursuant to Section 2.4(a)(i)above, Seller may request for the Initial REC Delivery Deadline to be further extended provided that the extension request is made in writing by Seller to Buyer and the IPA prior to May 31, 2027. Such extension may be granted by the IPA on a case by case basis upon a demonstration of good cause by Seller to the satisfaction of the IPA at its reasonable discretion if the approval of such extension is communicated in writing by the IPA to Buyer and Seller in accordance with Section 2.4(b). For the avoidance of doubt, Buyer and Seller agree that the IPA has authority to make such a determination on good cause and to issue notices extending the prevailing Initial REC Delivery Deadline, as appropriate. Good cause may include delays outside of Seller’s control due to delays in finalizing interconnection agreements and installing interconnection facilities, delays in obtaining other necessary governmental permits and approvals, and delays in the issuance of RECs from PJM-EIS GATS or M-RETS; provided such delays are not primarily attributable to Seller such as Seller’s failure to make in a timely manner permitting requests or a formal request for interconnection to such transmission or distribution provider or to provide in a timely manner the information or payment required by such transmission or distribution provider. An extension pursuant to this Section 2.4(a)(ii) may be granted one (1) or more times. Each such extension shall be for a period specified by the IPA at its reasonable discretion, which shall be no longer than six (6) months at a time. (b) If an extension is granted to the Initial REC Delivery Deadline, the IPA shall issue a notice to Buyer and Seller and the extended Initial REC Delivery Deadline shall be specified in such written notice issued by the IPA; the IPA shall endeavor on a commercially reasonab...

Related to Initial REC Delivery Deadline Extensions

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Time Extension CONTRACTOR shall provide a time extension request on completion of Task Order for delays caused by others (Permitting Agencies, COUNTY or Contract Cities, or unforeseen conditions such as inclement weather, etc.) and at no fault by CONTRACTOR, subject to approval by COUNTY. COUNTY will review the request and determine in its sole discretion whether the situation warrant a time extension at no-cost or with costs. If CONTRACTOR completes the Task Order beyond the stipulated completion date without COUNTY’s specific written approval for time extension, CONTRACTOR will be subject to liquidated damages and may be construed as non-responsive, which may affect CONTRACTOR for considerations for future Task Orders or projects.

  • EXPIRATION DATE AND EXTENSION This Contract expires December 5, 2024, unless it is terminated sooner pursuant to Article XX of the General Terms and Conditions, which are incorporated into this Contract by reference. This Contract allows up to five additional one-year extensions upon the request of Sourcewell and written agreement with Contractor. Sourcewell retains the right to consider additional extensions beyond six years as required under exceptional circumstances.

  • Due Date Extension If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

  • Time Extensions 2.03.1 If Contractor requests an extension of time to complete its performance, then the Director, in consultation with the CPO, may, in his or her sole discretion, extend the time so long as the extension does not exceed 90 days. The extension must be in writing but does not require amendment of this Agreement. Contractor is not entitled to damages for delay(s) regardless of the cause of the delay(s).

  • Extension of Closing Date (a) If Paragraph 8(b) is checked and Closing funds from Buyer’s lender(s) are not available on Closing Date due 55 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), 56 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days. (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 59 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 60 extended as provided in STANDARD G.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Interim Extension Amendment a. Prior to or on the expiration date of this Contract, the Parties agree that this Contract can be extended as provided under this Section. b. The System Agency will provide written notice of interim extension amendment to the Grantee under one of the following circumstances: 1. Continue provision of services in response to a disaster declared by the governor; or 2. To ensure that services to clients continue without interruption. c. The System Agency will provide written notice of the interim extension amendment that specifies the reason and length of time for the extension. d. Grantee will provide and invoice for services in the same manner as stated in the Contract. e. An interim extension under Section (b)(1) above will extend the term of the contract not longer than 30 days after governor's disaster declaration is declared unless the Parties agree to a shorter period of time. f. An interim extension under Section (b)(2) above will be a one-time extension for time determined by the System Agency.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Outside Date Except as otherwise agreed by the parties hereto, all of the fore going conditions shall have been satisfied or waived on or before 5:00 p.m. E.D.T. on June 30, 1997 (the "Outside Date").

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