Common use of Relinquishing EE Capacity Obligation Clause in Contracts

Relinquishing EE Capacity Obligation. Subject to the following, the Participant may, at any time, in its sole and absolute discretion, relinquish any or all of its EE Capacity Obligations by providing at least thirty (30) calendar days’ written notice to the IESO. The Participant shall not relinquish part of an EE Capacity Obligation and if the Participant relinquishes any or all of its EE Capacity Obligations it waives any right to receive and releases the IESO from any and all Claims it may have against the IESO in connection with or in any way arising from any EE Capacity Payment related to the relinquished EE Capacity Obligation(s). If the Participant relinquishes any EE Capacity Obligation prior to the Obligation Period to which the EE Capacity Obligation relates, the Participant shall no longer be required to conduct any measurement and verification with respect to the applicable Obligation Period; however, the Participant shall make itself available to discuss lessons learned, processes, and such other matters as the IESO reasonably determines necessary to evaluate the Program. If the Participant relinquishes any EE Capacity Obligation during or following the Obligation Period to which the EE Capacity Obligation relates, the Participant shall continue to be required to conduct measurement and verification required pursuant to its M&V Plan and submit its M&V Report with respect to the applicable Obligation Period.

Relinquishing EE Capacity Obligation. Subject to the following, the Participant may, at any time, in its sole and absolute discretion, relinquish any or all of its EE Capacity Obligations by providing at least thirty (30) calendar days’ written notice to the IESO. The Participant shall not relinquish part of an EE Capacity Obligation and if the Participant relinquishes any or all of its EE Capacity Obligations it waives any right to receive and releases the IESO from any and all Claims it may have against the IESO in connection with or in any way arising from any EE Capacity Payment related to the relinquished EE Capacity Obligation(s). If the Participant relinquishes any EE Capacity Obligation prior to the Obligation Period to which the EE Capacity Obligation relates, the Participant shall no longer be required to conduct any measurement and verification with respect to the applicable Obligation Period; however, the Participant shall make itself available to discuss lessons learned, processes, and such other matters as the IESO reasonably determines necessary to evaluate the Program. If the Participant relinquishes any EE Capacity Obligation during or following the Obligation Period to which the EE Capacity Obligation relates, the Participant shall continue to be required to conduct measurement and verification required pursuant to its M&V Plan and submit its M&V Report with respect to the applicable Obligation Period.Period.‌