Interconnection Customer Deposit. At least 20 business days prior to the commencement of the design, procurement, installation, or construction of the EDC's interconnection facilities and distribution upgrades, the interconnection customer shall provide the EDC with a deposit equal to 100% of the estimated, non-binding cost to procure, install, or construct any such facilities (the “Security Deposit”). However, when the estimated date of completion of the building or installation of facilities exceeds three months from the date of notification, pursuant to Article 4.1.1 of this Agreement, this deposit may be held in escrow by a mutually agreed-upon third-party, with any interest to inure to the benefit of the interconnection customer.
Appears in 3 contracts
Samples: Interconnection Agreement, Standard Agreement for Interconnection of Distributed Generation Facilities, Standard Agreement for Interconnection of Community Solar Facilities
Interconnection Customer Deposit. At least 20 business days prior to the commencement of the design, procurement, installation, or construction of the EDC's interconnection facilities and distribution upgrades, the interconnection customer shall provide the EDC with a deposit equal to 100% of the estimated, non-binding cost to procure, install, or construct any such facilities (the “Security Deposit”)facilities. However, when the estimated date of completion of the building or installation of facilities exceeds three months from the date of notification, pursuant to Article 4.1.1 of this Agreement, this deposit may be held in escrow by a mutually agreed-upon third-party, with any interest to inure to the benefit of the interconnection customer.
Appears in 2 contracts
Samples: Standard Agreement for Interconnection of Distributed Generation Facilities, Standard Agreement for Interconnection of Distributed Generation Facilities
Interconnection Customer Deposit. At least 20 business days prior to the commencement of the design, procurement, installation, or construction of the EDC's interconnection facilities and distribution upgrades, the interconnection customer shall provide the EDC with a deposit equal to 100% of the estimated, non-binding cost to procure, install, or construct any such facilities (the “Security Deposit”)facilities. However, when the estimated date of completion of the building or installation of facilities exceeds three months from the date of notification, pursuant to Article 4.1.1 4.
1.1 of this Agreement, this deposit may be held in escrow by a mutually agreed-upon third-third party, with any interest to inure to the benefit of the interconnection customer.
Appears in 1 contract
Samples: Interconnection Agreement
