Common use of PARTICIPANT INCENTIVE Clause in Contracts

PARTICIPANT INCENTIVE. The LDC will, subject to the terms and conditions of this Participant Agreement and the Application, pay to the Participant a Participant Incentive for the implementation of each Project described in the approved Application. In addition to the other provisions hereof, payment of the Participant Incentive is subject to and conditional upon the following terms and conditions: a) the Participant will implement each of the Projects described in the Application by each Project’s project completion date provided in the Application and in no event after December 31, 2020 unless otherwise by written approval of the LDC in its absolute and sole discretion. For certainty, any extension beyond December 31, 2020 not expressly consented to in writing by the LDC shall be null and void and of no force or effect; b) the Participant will provide the LDC with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the LDC may require, including visual inspections by the LDC. For certainty, the LDC may reject Applications where it has determined that the Project’s Eligible Costs are beyond reasonable standard industry costs as determined by the LDC at its sole discretion; c) the LDC will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to Section 1(b); and d) the Participant will provide an invoice to the LDC for the Participant Incentive no later than 150 days following project completion, unless otherwise agreed to by the LDC at its sole discretion.

PARTICIPANT INCENTIVE. The LDC will, subject to the terms and conditions of this Second Third Amended and Restated Participant Agreement (the “Agreement”) and the Application, pay to the Participant a Participant Incentive for the implementation of each Project described in the approved Application. In addition to the other provisions hereof, payment of the Participant Incentive is subject to and conditional upon the following terms and conditions: a) the Participant will implement each of the Projects described in the Application by each Project’s project completion date provided in the Application and in no event after December 31, 2020 2021 August 31, 2022 unless otherwise by written approval of the LDC in its absolute and sole discretion. For certainty, any extension beyond December 31, 2020 2021 August 31, 2022 not expressly consented to in writing by the LDC shall be null and void and of no force or effect; b) the Participant will provide the LDC with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the LDC may require, including visual inspections by the LDC. For certainty, the LDC may reject Applications where it has determined that the Project’s Eligible Costs are beyond reasonable standard industry costs as determined by the LDC at its sole discretion; c) the LDC will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to Section 1(b); and d) the Participant will provide an invoice to the LDC for the Participant Incentive no later than 150 days following project completion, unless otherwise agreed to by the LDC at its sole discretion.

PARTICIPANT INCENTIVE. The LDC will, subject to the terms and conditions of this Third Fourth Amended and Restated Participant Agreement (the “Agreement”) and the Application, pay to the Participant a Participant Incentive for the implementation of each Project described in the approved Application. In addition to the other provisions hereof, payment of the Participant Incentive is subject to and conditional upon the following terms and conditions: a) the Participant will implement each of the Projects described in the Application by each Project’s project completion date provided in the Application and in no event after December 31, 2020 2022 unless otherwise by written approval of the LDC in its absolute and sole discretion. For certainty, any extension beyond December 31, 2020 2022, not expressly consented to in writing by the LDC shall be null and void and of no force or effect; b) the Participant will provide the LDC with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the LDC may require, including visual inspections by the LDC. For certainty, the LDC may reject Applications where it has determined that the Project’s Eligible Costs are beyond reasonable standard industry costs as determined by the LDC at its sole discretion; c) the LDC will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to Section 1(b); and d) the Participant will provide an invoice to the LDC for the Participant Incentive no later than 150 days following project completion, unless otherwise agreed to by the LDC at its sole discretion.

PARTICIPANT INCENTIVE. The LDC will, subject to the terms and conditions of this Second Amended and Restated Participant Agreement (the “Agreement”) and the Application, pay to the Participant a Participant Incentive for the implementation of each Project described in the approved Application. In addition to the other provisions hereof, payment of the Participant Incentive is subject to and conditional upon the following terms and conditions: a) the Participant will implement each of the Projects described in the Application by each Project’s project completion date provided in the Application and in no event after June 30, 2021 December 31, 2020 2021 unless otherwise by written approval of the LDC in its absolute and sole discretion. For certainty, any extension beyond June 30, 2021 December 31, 2020 2021 not expressly consented to in writing by the LDC shall be null and void and of no force or effect; b) the Participant will provide the LDC with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the LDC may require, including visual inspections by the LDC. For certainty, the LDC may reject Applications where it has determined that the Project’s Eligible Costs are beyond reasonable standard industry costs as determined by the LDC at its sole discretion; c) the LDC will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to Section 1(b); and d) the Participant will provide an invoice to the LDC for the Participant Incentive no later than 150 days following project completion, unless otherwise agreed to by the LDC at its sole discretion.

PARTICIPANT INCENTIVE. The LDC will, subject to the terms and conditions of this Amended and Restated Participant Agreement (the “Agreement”) and the Application, pay to the Participant a Participant Incentive for the implementation of each Project described in the approved Application. In addition to the other provisions hereof, payment of the Participant Incentive is subject to and conditional upon the following terms and conditions: a) the Participant will implement each of the Projects described in the Application by each Project’s project completion date provided in the Application and in no event after December 31June 30, 2020 2021 unless otherwise by written approval of the LDC in its absolute and sole discretion. For certainty, any extension beyond December 31June 30, 2020 2021 not expressly consented to in writing by the LDC shall be null and void and of no force or effect; b) the Participant will provide the LDC with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the LDC may require, including visual inspections by the LDC. For certainty, the LDC may reject Applications where it has determined that the Project’s Eligible Costs are beyond reasonable standard industry costs as determined by the LDC at its sole discretion; c) the LDC will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to Section 1(b); and d) the Participant will provide an invoice to the LDC for the Participant Incentive no later than 150 days following project completion, unless otherwise agreed to by the LDC at its sole discretion.