Common use of Prior to Commercial Operation Clause in Contracts

Prior to Commercial Operation. If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion and Performance Security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount. 

Appears in 1 contract

Samples: Renewable Electricity Support Agreement (Resa)

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Prior to Commercial Operation. If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion completion and Performance Security performance security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount. 

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

Prior to Commercial Operation. If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion completion and Performance Security performance security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount. .

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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Prior to Commercial Operation. If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion and Performance Security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount.

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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