Common use of Scheduling and Delivery Clause in Contracts

Scheduling and Delivery. (a) During the Services Term and in accordance with Section 4.1, Seller shall Schedule and Deliver Energy hereunder with ISO-NE in accordance with this Agreement and all ISO-NE Practices and ISO-NE Rules to Buyer through Internal Bilateral Transactions executed through ISO-NE and settled at the Delivery Point, in accordance with all ISO-NE Practices and ISO-NE Rules. Any such Internal Bilateral Transactions will specify the hourly delivery of Energy and will be entered into daily, with any necessary adjustments being made pursuant to ISO-NE settlement protocols, and Seller will not receive any payment associated with a Marginal Loss Revenue Fund allocation in connection with any such Internal Bilateral Transactions. Any such Internal Bilateral Transactions will be entered in the Real-Time Energy Market consistent with ISO-NE Rules and ISO-NE Practices at the time, and Buyer shall have no obligation to pay for any Energy not transferred to Buyer in the Real-Time Energy Market or for which Buyer is not credited in the ISO-NE Settlement Market System (including, without limitation, as a result of an outage on any electric transmission system). Notwithstanding any other provision of this Agreement, if during the Services Term of this Agreement the LMP at the Delivery Point is negative, then Buyer and Seller hereby agree that in such event Seller shall be under no obligation to Schedule or Deliver Products to the Delivery Point during such period. Seller shall provide Buyer with the start and stop times of such periods of curtailment under this Section 4.2(a) for all such periods of curtailment during the preceding calendar month, which information will be provided prior to Seller’s delivery of the invoice to Buyer.

Appears in 5 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Scheduling and Delivery. (a) During the Services Term and in accordance with Section 4.1, Seller shall Schedule and Deliver Guaranteed Qualified Clean Energy hereunder with ISO-NE in the quantities provided in Exhibit B in accordance with this Agreement and Agreement, all ISO-NE Practices and ISO-NE Rules and other Independent System Operator’s rules and practices, as applicable. Seller shall transfer the Qualified Clean Energy to Buyer through Internal Bilateral Transactions executed through ISO-NE and settled at in the Delivery PointDay Ahead Energy Market or Real Time Energy Market, in accordance with all ISO-NE Practices and ISO-NE Rules. Any such Internal Bilateral Transactions will specify the hourly delivery of Energy and will be entered into daily, with any necessary adjustments being made pursuant as reasonably agreed from time to ISO-NE settlement protocols, time by Buyer and Seller will not receive any payment associated with a Marginal Loss Revenue Fund allocation in connection with any such Internal Bilateral Transactions. Any such Internal Bilateral Transactions will be entered in the Real-Time Energy Market and consistent with ISO-NE Rules and ISO-NE Practices at the time, and Buyer shall have no obligation to pay for any Qualified Energy not transferred to Buyer in the Real-Day Ahead Energy Market or Real Time Energy Market or for which Buyer is not credited in the ISO-NE Settlement Market System (including, without limitation, as a result of an outage on any electric transmission system). Notwithstanding any other provision of this Agreement, if during the Services Term of this Agreement the LMP at the Delivery Point is negative, or, in the reasonable opinion of Seller, is likely to become negative, then Seller may deliver to Buyer a written notice stating that such condition has occurred or is likely to occur and the period during which such condition has occurred or is likely to occur. Buyer and Seller hereby agree that in such event Seller shall be under no obligation to Schedule schedule or Deliver Products transfer Deliveries of Qualified Clean Energy to the Delivery Point during such period. Seller shall provide Buyer with detailed information, including but not limited to, the start and stop times of such periods of curtailment under this Section 4.2(a) as well as the quantity curtailed, for all such periods of curtailment non-delivery during the preceding calendar month, which information will shall be provided prior to Seller’s delivery of the invoice to Buyer.

Appears in 1 contract

Samples: Power Purchase Agreement

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Scheduling and Delivery. (a) During the Services Term and in accordance with Section 4.1, Seller shall Schedule and Deliver Energy hereunder with ISO-NE in accordance with this Agreement and all ISO-NE Practices and ISO-NE Rules to Buyer through Internal Bilateral Transactions executed through by registering Buyer as one of the Asset Owners on the ISO-NE and settled at Generation Asset Registration Form, with Buyer’s percentage ownership on such form being equal to the Delivery PointBuyer’s Percentage Entitlement, in accordance with all ISO-NE Practices and ISO-NE Rules. Any such Internal Bilateral Transactions will specify the hourly delivery of Energy and will be entered into dailyas adjusted pursuant to Section 3.3(c), with any necessary adjustments being made pursuant to ISO-NE settlement protocols, and Seller will not receive any payment associated with a Marginal Loss Revenue Fund allocation in connection with any such Internal Bilateral Transactions. Any such Internal Bilateral Transactions will be entered in the Real-Time Energy Market consistent with ISO-NE Rules and ISO-NE Practices at the time, and Buyer shall have no obligation to pay for any Energy not transferred to Buyer in the Real-Day Ahead Energy Market or Real Time Energy Market and/or such other ISO-NE energy market as reasonably agreed to from time to time by Buyer and Seller or for which Buyer is not credited in the ISO-ISO- NE Settlement Market System (including, without limitation, as a result of an outage on any electric transmission system). Notwithstanding any other provision of this Agreement, if during the Services Term of this Agreement the LMP in the Real Time Energy Market or the Day Ahead Energy Market, as applicable, at the applicable Delivery Point is negative, then Buyer and Seller hereby agree that in such event Seller shall be under no obligation to Schedule or Deliver Products to the applicable Delivery Point during such period. Seller shall provide Buyer with the start and stop times of such periods of curtailment under this Section 4.2(a) for all such periods of curtailment during the preceding calendar month, which information will be provided prior to Seller’s delivery of the invoice to Buyer.

Appears in 1 contract

Samples: Power Purchase Agreement

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