Interconnection Loans Sample Clauses

Interconnection Loans. To be used to fund the costs that the Wuskwatim Partnership is obligated to pay to Hydro pursuant to the Interconnection and Operating Agreement, for the construction and installation by Hydro of the transmission owner interconnection facilities and interconnection system upgrades and in funding the amounts that the Wuskwatim Partnership is obligated to pay to Hydro as set out in Article 3.2(11) of the System Operations and Dispatch Agreement. • There is no minimum amount for any advance requested under this credit facility. • Interest on the Interconnection and Operating Agreement loans shall be charged at the Canadian dollar floating rate until the amount advanced reaches $40 million, when the interest rate on those advances is changed to the Canadian 30-year rate (a fixed interest rate), determined on the date the advances total $40 million. Once the interest rate is set for these advances, then the process starts over again for the next advances. On Final Closing, the interest rate is converted to a fixed project rate (in essence an average of the various rates charged during the construction period). At the twenty-fifth anniversary date, a new interest rate will be determined based on the interest rate at which an arm’s length lender would lend funds to the Wuskwatim Partnership. • The Wuskwatim Partnership must, commencing on final closing date (first generator in service), make semi-annual payments (of blended principal and interest) based on an amortization rate of 50 years. Any loan amount outstanding under this credit facility at maturity date must be repaid on the maturity date. • Subject to specific circumstances where mandatory prepayments are necessary, these loans cannot be prepaid (i.e., paid before the maturity date), unless there is default and Hydro demands immediate payment. Dispute Resolution Dispute resolution is dealt with in Article 11. It provides that all disputes between the parties shall be resolved by referring the matter to an arbitrator.
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Related to Interconnection Loans

  • Interconnection Customer Interconnection Facilities Interconnection Customer shall design, procure, construct, install, own and/or control Interconnection Customer Interconnection Facilities described in Appendix A, Interconnection Facilities, Network Upgrades and Distribution Upgrades, at its sole expense.

  • Interconnection 2.1.10 Startup Testing and Commissioning

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner.

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Interconnection Points 8.5.1 The IP of a Party (“Receiving Party”) for Measured Internet Traffic delivered to the Receiving Party by the other Party shall be the same as the IP of the Receiving Party for Reciprocal Compensation Traffic under Section 7.1 above.

  • Interconnection Point The Service Provider is responsible for connecting to the LFC Network at the Interconnection Point. The LFC may only change an Interconnection Point if a change is necessary to protect the security or integrity of that Interconnection Point in order to maintain the continuity of supply of the Wholesale Services. In the event of any such change:

  • Points of Interconnection As and to the extent required by Section 251 of the Act, the Parties shall provide Interconnection of their networks at any technically feasible point as described in Section 4.3. To the extent the originating Party’s POI is not located at the terminating Party’s relevant IP, the originating Party is responsible for transporting its traffic from it’s POI to the terminating Party’s relevant IP.

  • Alternative Interconnection Arrangements 3.1 In addition to the foregoing methods of Interconnection, and subject to mutual agreement of the Parties, the Parties may agree to establish an End Point Fiber Meet arrangement, which may include a SONET backbone with an optical interface at the OC-n level in accordance with the terms of this Section. The Fiber Distribution Frame at the Reconex location shall be designated as the POI for both Parties.

  • Interconnection Facility Options The Intercarrier Compensation provisions of this Agreement shall apply to the exchange of Exchange Service (EAS/Local) traffic between CLEC's network and Qwest's network. Where either Party acts as an IntraLATA Toll provider, each Party shall xxxx the other the appropriate charges pursuant to its respective tariff or price lists. Where either Party interconnects and delivers traffic to the other from third parties, each Party shall xxxx such third parties the appropriate charges pursuant to its respective tariffs, price lists or contractual offerings for such third party terminations. Absent a separately negotiated agreement to the contrary, the Parties will directly exchange traffic between their respective networks without the use of third party transit providers.

  • Network Interconnection 26.1 Interconnection between the networks of different SERVICE PROVIDERs shall be as per National Standards of CCS No.7 issued from time to time by Telecom Engineering Centre (TEC) and also subject to technical feasibility and technical integrity of the Networks and shall be within the overall framework of interconnection regulations issued by the TRAI from time to time. However, if situation so arises, INTERCONNECTION with R2MF signaling may be permitted by LICENSOR.

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