Common use of Market Participant Clause in Contracts

Market Participant. (a) Subject to Section 7.2(b): (i) Throughout the term of this Agreement, Seller shall (or shall cause a designee to) act as the Market Participant (or similar representative) for the Facility before the Balancing Authority applicable to the Injection Portion (including any applicable RTO or ISO), to the extent the concept of a Market Participant (or similar representative) for the Facility is applicable in such Balancing Authority. Without limiting the foregoing, Seller shall cause such Balancing Authority to qualify and recognize Seller as the Market Participant or other representative for the Facility before such Balancing Authority as of no later than the Delivery Term Commencement Date (or such later date as of which such concept is applicable) and maintain such qualification and recognition throughout the remainder of the Delivery Term (so long as such concept continues to be applicable). (ii) As Market Participant (or similar representative) for the Facility before such Balancing Authority, Seller shall (or shall cause its designee to) perform all functions with respect to the Facility before such Balancing Authority, including, to the extent applicable, (A) arranging and performing any Open Access Same Time Information Systems (OASIS) tagging and transmission scheduling, (B) completing and filing all reports required by such Balancing Authority from the Market Participant (or similar representative), (C) subject to Section 7.3(e), settlement with such Balancing Authority,

Appears in 14 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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