Common use of Merchant Option Clause in Contracts

Merchant Option. In addition to any Option to Build set forth in Article 5.1.3 of this GIA, an Interconnection Customer having an Option (B) Generating Facility may elect, pursuant to the ISO Tariff, to have a party other than the Distribution Provider construct some or all of the Local Delivery Network Upgrades and Area Delivery Network Upgrades for which the Interconnection Customer has the obligation to fund and which are not subject to reimbursement. Such Local Delivery Network Upgrades and Area Delivery Network Upgrades will be constructed and incorporated into the ISO Grid pursuant to the provisions for merchant transmission facilities in ISO Tariff Sections 24.4.6.1 and 36.11.

Appears in 14 contracts

Samples: Generator Interconnection Agreement, Generator Interconnection Agreement, Generator Interconnection Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!