Common use of Power Product Prices Clause in Contracts

Power Product Prices. (a) Monthly Contract Payment for the Power Product shall be calculated in accordance with Exhibit B. (b) If the Generating Facility is interconnected pursuant to a FERC-jurisdictional interconnection tariff and Seller is not yet able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements, pending Seller’s provision of such benefits the Monthly Contract Payment for Power Product shall be calculated in accordance with Exhibit B(1). (c) A Generating Facility subject to paragraph 1.07(b) that becomes able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements shall provide Buyer with written notice and reasonable evidence thereof. (d) Starting on the first day of the calendar month following the date on which notice was given pursuant to subsection 1.07(c), Seller shall be paid the monthly contract price for the Power Product as set forth in Exhibit B.

Appears in 5 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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Power Product Prices. (a) The Monthly Contract Payment for the Power Product shall be calculated in accordance with Exhibit B.C. (b) If the Generating Facility is interconnected pursuant to a FERC-jurisdictional interconnection tariff and Seller is not yet able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements, pending Seller’s provision of such benefits the Monthly Contract Payment for Power Product shall be calculated in accordance with Exhibit B(1C (1). (c) A Generating Facility subject to paragraph 1.07(b1.05(b) that becomes able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements shall provide Buyer with written notice and reasonable evidence thereof.. ID #[Number], [Seller’s Name] (d) Starting on the first day of the calendar month following the date on which notice was given pursuant to subsection 1.07(c1.05(c), Seller shall be paid the monthly contract price for the Power Product as set forth in Exhibit B.C.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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Power Product Prices. (a) The Monthly Contract Payment for the Power Product shall be calculated in accordance with Exhibit B.C. (b) If the Generating Facility is interconnected pursuant to a FERC-jurisdictional interconnection tariff and Seller is not yet able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements, pending Seller’s provision of such benefits the Monthly Contract Payment for Power Product shall be calculated in accordance with Exhibit B(1C (1). (c) A Generating Facility subject to paragraph 1.07(b1.05(b) that becomes able to provide Resource Adequacy Benefits in compliance with applicable CPUC and CAISO Resource Adequacy requirements shall provide Buyer with written notice and reasonable evidence thereof. (d) Starting on the first day of the calendar month following the date on which notice was given pursuant to subsection 1.07(c1.05(c), Seller shall be paid the monthly contract price for the Power Product as set forth in Exhibit B.C.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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