Registration Milestones. Deadline for achievement of each Milestone is forty-five (45) calendar days prior to first Supply Plan submission Seller has executed the Demand Response Provider Service Agreement with Buyer. Seller has executed and notarized the CPUC Demand Response Service Provider Registration Application Form Seller has paid the $100 fee If Seller includes residential or small commercial customers in its aggregation, Seller has received approval for the customer letter and posted the bond Seller has obtained a CPUC registration certificate or registration has been published on the CPUC’s website Deadline for achievement of each Milestone is set forth in Exhibit F, “Implementation Guidelines for Qualifying Capacity” Prior to first month of meeting Qualifying Capacity requirements, Seller has had phone call with Buyer to discuss resource creation and progress Seller has submitted Qualifying Capacity information in a timely manner IRREVOCABLE NONTRANSFERABLE STANDBY LETTER OF CREDIT Bank Reference Number: Issuance Date: Issuing Bank: [insert bank name and address] Applicant: [insert applicant name and address] BENEFICIARY: Southern California Edison Company 0000 Xxxxxx Xxxxx Xxxxxx GO 1, Quad 2B Xxxxxxxx, XX 00000 Attn: Manager of Risk Operations and Collateral Management Available Amount: [insert amount and spell out] Expiration Date: [insert date] Ladies and Gentlemen: Nontransferable Standby Letter of Credit (“Letter of Credit”) in favor of Southern California Edison Company, a California corporation (the “Beneficiary”), for the account of , a corporation, also known as ID# (the “Applicant”), for the amount stated above (the “Available Amount”), effective immediately. This Letter of Credit shall be of no further force or effect at 5:00 p.m., California time, on the expiration date stated above or, if such day is not a Business Day (as hereinafter defined), on the next Business Day (as may be extended pursuant to the terms of this Letter of Credit (the “Expiration Date”).
Appears in 2 contracts
Samples: Demand Response Auction Mechanism Resource Purchase Agreement, Demand Response Auction Mechanism Resource Purchase Agreement
Registration Milestones. Deadline for achievement of each Milestone is forty-five (45) calendar days prior to first Supply Plan submission Seller has executed the Demand Response Provider Service Agreement with Buyer. Seller has executed and notarized the CPUC Demand Response Service Provider Registration Application Form Seller has paid the $100 fee If Seller includes residential or small commercial customers in its aggregation, Seller has received approval for the customer letter and posted the bond Seller has obtained a CPUC registration certificate or registration has been published on the CPUC’s website Deadline for achievement of each Milestone is set forth in Exhibit F, “Implementation Guidelines for Qualifying Capacity” Prior to first month of meeting Qualifying Capacity requirements, Seller has had phone call with Buyer to discuss resource creation and progress Seller has submitted Qualifying Capacity information in a timely manner IRREVOCABLE NONTRANSFERABLE STANDBY LETTER OF CREDIT Bank Reference NumberNO. XXXXXXXX Beneficiary: Issuance Date: Issuing BankApplicant: [insert bank Insert name of Applicant and address] Attention: By order of [Insert name of Applicant: ] (“Applicant”), we hereby issue in favor of [insert applicant Insert name and addressof Beneficiary] BENEFICIARY: Southern California Edison Company 0000 Xxxxxx Xxxxx Xxxxxx GO 1, Quad 2B Xxxxxxxx, XX 00000 Attn: Manager (the “Beneficiary”) our irrevocable standby letter of Risk Operations and Collateral Management Available Amount: credit No. [insert amount and spell outInsert number of letter of credit] Expiration Date: [insert date] Ladies and Gentlemen: Nontransferable Standby Letter of Credit (“Letter of Credit”) in favor of Southern California Edison Company, a California corporation (the “Beneficiary”), for the account of , a corporation, also known as ID# (the “Applicant”), for drawings up to but not to exceed the aggregate sum of U.S. $ [Insert amount stated above in figures followed by (the amount in words)] (“Available Letter of Credit Amount”). This Letter of Credit is available with [Insert name of bank, and the city and state in which it is located] by sight payment, at our offices located at the address stated below, effective immediately. This Letter of Credit shall be will expire at our close of no further force or effect at 5:00 p.m., California time, business on [Insert expiry date] (the expiration date stated above or, if such day is not a Business Day (as hereinafter defined“Expiry Date”), on the next Business Day (as may be extended pursuant to the terms of . Funds under this Letter of Credit are available to the Beneficiary against presentation of the following documents (the “Expiration Date”).which may be presented by physical delivery or by facsimile, e-mail or other electronic transmission):
Appears in 1 contract
Samples: Demand Response Auction Mechanism Resource Purchase Agreement
Registration Milestones. Deadline for achievement of each Milestone is forty-five (45) calendar days prior to first Supply Plan submission Seller has executed the Demand Response Provider Service Agreement with Buyer. Seller has executed and notarized the CPUC Demand Response Service Provider Registration Application Form Seller has paid the $100 fee If Seller includes residential or small commercial customers in its aggregation, Seller has received approval for the customer letter and posted the bond Seller has obtained a CPUC registration certificate or registration has been published on the CPUC’s website Resource Adequacy Milestones: Deadline for achievement of each Milestone is set forth in Exhibit F, “Implementation Guidelines for Qualifying Capacity” Prior to first month of meeting Qualifying Capacity requirements, Seller has had phone call with Buyer to discuss resource creation and progress Seller has submitted Qualifying Capacity information in a timely manner IRREVOCABLE NONTRANSFERABLE EXHIBIT I STANDBY LETTER OF CREDIT Bank Reference Number: Issuance Date: Issuing Bank: [insert bank name and NO. XXXXXXXX address] Attention: By order of [Insert name of Applicant: ] (“Applicant”), we hereby issue in favor of [insert applicant Insert name and addressof Beneficiary] BENEFICIARY: Southern California Edison Company 0000 Xxxxxx Xxxxx Xxxxxx GO 1, Quad 2B Xxxxxxxx, XX 00000 Attn: Manager (the “Beneficiary”) our irrevocable standby letter of Risk Operations and Collateral Management Available Amount: credit No. [insert amount and spell outInsert number of letter of credit] Expiration Date: [insert date] Ladies and Gentlemen: Nontransferable Standby Letter of Credit (“Letter of Credit”) in favor of Southern California Edison Company, a California corporation (the “Beneficiary”), for the account of , a corporation, also known as ID# (the “Applicant”), for drawings up to but not to exceed the aggregate sum of U.S. $ [Insert amount stated above in figures followed by (the amount in words)] (“Available Letter of Credit Amount”). This Letter of Credit is available with [Insert name of bank, and the city and state in which it is located] by sight payment, at our offices located at the address stated below, effective immediately. This Letter of Credit shall be will expire at our close of no further force or effect at 5:00 p.m., California time, business on [Insert expiry date] (the expiration date stated above or, if such day is not a Business Day (as hereinafter defined“Expiry Date”), on the next Business Day (as may be extended pursuant to the terms of . Funds under this Letter of Credit are available to the Beneficiary against presentation of the following documents (the “Expiration Date”).which may be presented by physical delivery or by facsimile, e-mail or other electronic transmission):
Appears in 1 contract
Samples: Demand Response Auction Mechanism Resource Purchase Agreement
Registration Milestones. Deadline for achievement of each Milestone is forty-five (45) calendar days prior to first Supply Plan submission Seller has executed the Demand Response Provider Service Agreement with Buyer. Seller has executed and notarized the CPUC Demand Response Service Provider Registration Application Form Seller has paid the $100 fee If Seller includes residential or small commercial customers in its aggregation, Seller has received approval for the customer letter and posted the bond Seller has obtained a CPUC registration certificate or registration has been published on the CPUC’s website Resource Adequacy Milestones: Deadline for achievement of each Milestone is set forth in Exhibit F, “Implementation Guidelines for Qualifying Capacity” Prior to first month of meeting Qualifying Capacity requirements, Seller has had phone call with Buyer to discuss resource creation and progress Seller has submitted Qualifying Capacity information in a timely manner IRREVOCABLE NONTRANSFERABLE STANDBY LETTER OF CREDIT Bank Reference Number: Issuance Date: Issuing Bank: [insert bank name and NO. XXXXXXXX address] Attention: By order of [Insert name of Applicant: ] (“Applicant”), we hereby issue in favor of [insert applicant Insert name and addressof Beneficiary] BENEFICIARY: Southern California Edison Company 0000 Xxxxxx Xxxxx Xxxxxx GO 1, Quad 2B Xxxxxxxx, XX 00000 Attn: Manager (the “Beneficiary”) our irrevocable standby letter of Risk Operations and Collateral Management Available Amount: credit No. [insert amount and spell outInsert number of letter of credit] Expiration Date: [insert date] Ladies and Gentlemen: Nontransferable Standby Letter of Credit (“Letter of Credit”) in favor of Southern California Edison Company, a California corporation (the “Beneficiary”), for the account of , a corporation, also known as ID# (the “Applicant”), for drawings up to but not to exceed the aggregate sum of U.S. $ [Insert amount stated above in figures followed by (the amount in words)] (“Available Letter of Credit Amount”). This Letter of Credit is available with [Insert name of bank, and the city and state in which it is located] by sight payment, at our offices located at the address stated below, effective immediately. This Letter of Credit shall be will expire at our close of no further force or effect at 5:00 p.m., California time, business on [Insert expiry date] (the expiration date stated above or, if such day is not a Business Day (as hereinafter defined“Expiry Date”), on the next Business Day (as may be extended pursuant to the terms of . Funds under this Letter of Credit are available to the Beneficiary against presentation of the following documents (the “Expiration Date”).which may be presented by physical delivery or by facsimile, e-mail or other electronic transmission):
Appears in 1 contract
Samples: Demand Response Auction Mechanism Resource Purchase Agreement