Common use of Readiness Deposits Clause in Contracts

Readiness Deposits. Readiness Deposits are funds committed by the Project Developer or Eligible Customer based upon the MW size of the project and, where applicable, the study results. i. Readiness Deposits are due at the following Phases of a Cycle: (a) Readiness Deposit No. 1: Application Submission (b) Readiness Deposit No. 2: Decision Point I; and (c) Readiness Deposit No. 3: Decision Point II ii. Readiness Deposits No. 2 and/or No. 3 may equal an amount equal to or greater than zero, but may never be a negative dollar amount. iii. Readiness Deposit refunds will be handled as follows: (a) If the project is withdrawn or terminated, the Readiness Deposit refunds for the project will be determined by the study phase at which the project was withdrawn or terminated, and adverse study results tests, as set forth below in Tariff, Part VII, Subpart D, section 311(B)(3)(b)(ii). (b) When all Cycle New Service Requests have either entered into final agreements and the Decision Point III Site Control requirements have been met, or have been withdrawn, remaining Readiness Deposit funds will be dispositioned as follows: (i) Transmission Provider will incorporate all project withdraws and retool analysis results to provide a final determination on the Network Upgrades that are required for the Cycle. (ii) Underfunded Network Upgrades will be identified as those where one or more withdrawn New Service Requests that were identified as having a cost allocation in the Phase III analysis results. In the event that there are no underfunded Network Upgrades, all Readiness Deposits will be refunded. (iii) Readiness Deposits will be applied to underfunded Network Upgrades on a pro-rata share of funds missing from the Phase III cost allocation. In the event that all underfunded Network Upgrades are made whole relative to the withdrawn New Service Requests, remaining Readiness Deposits will be refunded on a pro-rata share.

Readiness Deposits. Readiness Deposits are funds committed by the Project Developer or Eligible Customer based upon the MW size of the project and, where applicable, the study results. i. Readiness Deposits are due at the following Phases of a Cycle: (a) Readiness Deposit No. 1: Application Submission (b) Readiness Deposit No. 2: Decision Point I; and (c) Readiness Deposit No. 3: Decision Point II ii. Readiness Deposits No. 2 and/or No. 3 may equal an amount equal to or greater than zero, but may never be a negative dollar amount. iii. Readiness Deposit refunds will be handled as follows: (a) If the project is withdrawn or terminated, the Readiness Deposit refunds for the project will be determined by the study phase at which the project was withdrawn or terminated, and adverse study results tests, as set forth below in Tariff, Part VII, Subpart DSubparts , section 311(B)(3)(b)(ii).subsections (b) When all Cycle New Service Requests have either entered into final agreements and the Decision Point III Site Control site control requirements have been met, or have been withdrawn, remaining Readiness Deposit funds will be dispositioned as follows: (i) Transmission Provider will incorporate all project withdraws and retool analysis results to provide a final determination on the Network Upgrades that are required for the Cycle. (ii) Underfunded Network Upgrades will be identified as those where one or more withdrawn New Service Requests that were identified as having a cost allocation in the Phase III analysis results. In the event that there are no underfunded Network Upgrades, all Readiness Deposits will be refunded. (iii) Readiness Deposits will be applied to underfunded Network Upgrades on a pro-rata share of funds missing from the Phase III cost allocation. In the event that all underfunded Network Upgrades are made whole relative to the withdrawn New Service Requests, remaining Readiness Deposits will be refunded on a pro-rata share.

Readiness Deposits. Readiness Deposits are funds committed by the Project Developer or Eligible Customer based upon the MW size of the project and, where applicable, the study results. i. a. Readiness Deposits are due at the following Phases of a Cycle: (a) i. Readiness Deposit No. 1: Application Submission (b) Submission ii. Readiness Deposit No. 2: Decision Point I; and (c) and iii. Readiness Deposit No. 3: Decision Point II ii. b. Readiness Deposits No. 2 and/or No. 3 may equal an amount equal to or greater than zero, but may never be a negative dollar amount. iii. c. Readiness Deposit refunds will be handled as follows: (a) i. If the project is withdrawn or terminated, the Readiness Deposit refunds for the project will be determined by the study phase at which the project was withdrawn or terminated, and adverse study results tests, as set forth below in Tariff, Part VIIVIII, Subpart DSubparts , section 311(B)(3)(b)(ii).subsections (b) ii. When all Cycle New Service Requests have either entered into final agreements and the Decision Point III Site Control site control requirements have been met, or have been withdrawn, remaining Readiness Deposit funds will be dispositioned as follows: (ia) Transmission Provider will incorporate all project withdraws and retool analysis results to provide a final determination on the Network Upgrades that are required for the Cycle. (iib) Underfunded Network Upgrades will be identified as those where one or more withdrawn New Service Requests that were identified as having a cost allocation in the Phase III 3III analysis results. In the event that there are no underfunded Network Upgrades, all Readiness Deposits will be refunded. (iiic) Readiness Deposits will be applied to underfunded Network Upgrades on a pro-rata share of funds missing from the Phase III cost allocation. In the event that all underfunded Network Upgrades are made whole relative to the withdrawn New Service Requests, remaining Readiness Deposits will be refunded on a pro-rata share.