LOAD REDUCTION GUARANTY. The Applicant guarantees that the load reduction measures provided for in this Agreement, when installed, will: (1) achieve at least the number of kWs of required Demand Reduction contracted for and at a time and in a manner notified by the Company with the calling of an NWS Event, (2) be located at the physical address specified in the Project plan or, if not so specified, at the physical address identified in this Agreement as Customer’s facility, (3) achieve the required Demand Reductions during the agreed upon operating hours near and around the network coincident peak hours (e.g., between noon and midnight), and (4) be operationally available through the date specified in Addendum 2 and any applicable program rules, or, if not specified, September 30th of the final Performance Year identified as part of the Non-Wires Solution Details box (the foregoing clauses (1) through (4) being collectively referred to herein as the “Load Reduction Guaranty”. The Applicant’s participation in the Program and receipt of incentive payments is conditioned upon the truth and accuracy of its Load Reduction Guaranty and the performance of its obligations hereunder.
LOAD REDUCTION GUARANTY. Applicant guarantees that the load reduction measures provided for in this Agreement, when installed, will: (1) achieve at least the number of kW’s of required demand reduction contracted for, (2) be located at the physical address specified in the project plan or, if not so specified, at the physical address identified in this Agreement as Customer’s facility, (3) achieve the required demand reductions during the agreed upon operating hours near and around the network coincident peak hours (e.g., between noon and midnight), and (4) be operationally available through the date specified in Addendum 2 and any applicable program rules, or, if not specified, the end of the summer of the final year identified as part of the Non-Wires Solution Details box (the foregoing clauses (1) through (4) being collectively referred to herein as the “Load Reduction Guaranty”). Applicant’s participation in the Program and receipt of incentive payments is conditioned upon the truth and accuracy of its Load Reduction Guaranty and the performance of its obligations hereunder. REPORTING (IF APPLICABLE, PER ADDENDUM 2): If applicable, Applicant will submit regular and consistent progress reports to Con Edison as specified in Addendum 2. Project progress reports, if required, shall: (1) detail activities in progress, and identify sold and installed projects, as applicable, (2) specify forecasted load reductions, program costs, customer counts, peak hour load reduction impacts achieved, and progress towards goals, and (3) provide other information at such times and in such format as mutually agreed upon, in writing, by Con Edison and Applicant (or its contractor) prior to the project’s commencement.
LOAD REDUCTION GUARANTY. Applicant guarantees that the load reduction measures provided for in this Agreement, when installed, will: (1) achieve at least the number of kW’s of required demand reduction contracted for, (2) be located at the physical address specified in the project plan or, if not so specified, at the physical address identified in this Agreement as Customer’s facility, (3) achieve the required demand reductions during the agreed upon operating hours near and around the BQDM- coincident peak hours (i.e., between noon and midnight), and (4) be operationally available through the date specified in Addendum 2 and any applicable program rules, or, if not specified, the end of the summer of the third year of service (the foregoing clauses (1) through (4) being collectively referred to herein as the “Load Reduction Guaranty”). Applicant’s participation in the Program and receipt of incentive payments is conditioned upon the truth and accuracy of its Load Reduction Guaranty and the performance of its obligations hereunder. REPORTING (IF APPLICABLE, PER ADDENDUM 2): If applicable, Applicant will submit regular and consistent progress reports to Con Edison as specified in Addendum
