Security to be Posted Sample Clauses

Security to be Posted. Developer will provide security to the Connecting Transmission Owner in the amount of $1,041,911 pursuant to Article 11.5 of this Agreement for the Connecting Transmission Owner’s Attachment Facilities. This amount is in addition to the security in the amount of $1,880,233 that the Developer posted for System Upgrade Facilities pursuant to Attachment S of the NYISO OATT. APPENDIX C INTERCONNECTION DETAILS
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Security to be Posted. Consistent with Section 6.3 of this Agreement, the Interconnection Customer shall post security for the Connecting Transmission Owner’s Interconnection Facilities and metering-related Interconnection Customer’s Interconnection Facilities in the amount of $250,000.00. Attachment 5‌ Additional Operating Requirements for the New York State Transmission System, the Distribution System and Affected Systems Needed to Support the Interconnection Customer’s Needs The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. The Interconnection Customer must also comply with the Connecting Transmission Owner’s operating instructions and requirements as referenced in Section 1.5 and 1.6 of this SGIA, which requirements shall include equipment outages and control arrangements, tagging agreements and procedures, maintenance arrangements and responsibilities, company contacts and phone numbers and supervisory equipment. The Interconnection Customer must comply with the relevant provisions of the Connecting Transmission Owner’s Electric System Bulletin 86-01, as amended from time to time, to the extent non inconsistent with the terms of this Agreement or the NYISO OATT.
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Security to be Posted. Consistent with Section 6.3 of this Agreement, the Interconnection Customer will post security for the Connecting Transmission Owner’s Interconnection Facilities in accordance with the following schedule: 100% of the total security four weeks in advance of the Start Engineering milestone (Milestone #4 or #5 in the above table); provided, however, that if these milestone dates are adjusted, the Interconnection Customer may correspondingly adjust the security posting dates, so long as security is posted at least 20 Business Days prior to the applicable milestone. As of the Effective Date of the Agreement, Interconnection Customer intends to provide a guarantee as the form of security. Attachment 5 Additional Operating Requirements for the New York State Transmission System, the Distribution System and Affected Systems Needed to Support the Interconnection Customer’s Needs The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System.
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Security to be Posted. Developer has provided security to the Connecting Transmission Owner in the amount of $15,301,600: (i) to satisfy the security requirement for the Connecting Transmission Owner’s Attachment Facilities pursuant to Section 11.5 of this Agreement, and (ii) to satisfy its estimated Project Cost Allocation for its share of the required System Upgrade Facilities for Class Year 2017. If the final Project Cost Allocation for System Upgrade Facilities determined for Developer’s project in the Class Year 2017 Interconnection Facilities Study is greater than the Security that Developer has provided the Connecting Transmission Owner, the Developer will provide the additional Security required to satisfy its Project Cost Allocation within the deadlines for providing Security set forth in Attachment S of the NYISO OATT. If the final Project Cost Allocation is less than the Security that Developer has provided, the Connecting Transmission Owner shall return the excess Security to the Developer. APPENDIX C INTERCONNECTION DETAILS
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Security to be Posted. Developer has provided security to the Connecting Transmission Owner in the amount of $15,301,600: (i) to satisfy the security requirement for the Connecting Transmission Owner’s Attachment Facilities pursuant to Section 11.5 of this Agreement, and (ii) to satisfy its estimated Project Cost Allocation preliminarily determined for its share of the required Stand Alone System Upgrade Facilities and Other System Upgrade Facilities for Class Year 2017. If the final Project Cost Allocation for System Upgrade Facilities determined for Developer’s project in the Class Year Study for Class Year 2017 is greater than the Security that Developer has provided the Connecting Transmission Owner, the Developer will provide the additional Security required to satisfy its Project Cost Allocation within the deadlines for providing Security set forth in Attachment S of the NYISO OATT. If the final Project Cost Allocation is less than the Security that Developer has provided, the Connecting Transmission Owner shall return the excess Security to the Developer. SERVICE AGREEMENT NO. 2356 APPENDIX C INTERCONNECTION DETAILS
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Security to be Posted. As part of the engineering and procurement agreement entered into between Developer and Connecting Transmission Owner and superseded by this Agreement, Developer provided $530,000 in cash to Connecting Transmission Owner as prepayment concerning the Connecting Transmission Owner’s Attachment Facilities. Connecting Transmission Owner and Developer agree that this cash provided by Developer satisfies Developer’s Security requirements for Connecting Transmission Owner’s Attachment Facilities pursuant to Section 11.5 of this Agreement, and Developer is not required to provide additional Security under this Agreement for Connecting Transmission Owner’s Attachment Facilities. APPENDIX C INTERCONNECTION DETAILS
Sample 1
Security to be Posted. Consistent with Section 6.3 of this Agreement, the Interconnection Customer will post security for the Connecting Transmission Owner’s Interconnection Facilities in accordance with the following schedule: 100% of the total security four weeks in advance of the Start Engineering milestone (Milestone #4 or #5 in the above table); provided, however, that if these milestone dates are adjusted, the Interconnection Customer may correspondingly adjust the security posting dates, so long as security is posted at least 20 Business Days prior to the applicable milestone. As of the Effective Date of the Agreement, Interconnection Customer intends to provide a guarantee as the form of security.
Sample 1
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Security to be Posted. Prior to the execution of the amended and restated version of this Agreement, Interconnection Customer provided Security in the form of a letter of credit to Connecting Transmission Owner in the amount of $1,803,070.00 for the System Upgrade Facilities pursuant to Section 6.3 of the prior version of this Agreement. Additionally, Interconnection Customer funded $200,000.00 of prepaid oversight expense. Pursuant to Section 6.3 of this Agreement, Interconnection Customer shall provide updated Security in the form of a letter of credit and cash deposit to Connecting Transmission Owner in the amount of $2,608,870.00, which is Connecting Transmission Owner’s good faith cost estimate for its oversight services. As noted, pursuant to Article 6.1.1 of this Agreement, the Interconnecting Customer has posted $200,000.00 in cash as prepayment towards Connecting Transmission Owner’s oversight work under this Agreement. The Interconnection Customer shall increase its previously provided Security by either increasing the existing letter of credit or providing a cash deposit to equal a total of $2,608,870.00.
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Security to be Posted. Developer will provide security to the Connecting Transmission Owner in the form of a letter of credit in the amount of $491,900 to satisfy the security requirement for the Connecting Transmission Owner’s Attachment Facilities pursuant to Section 11.5 of this Agreement. APPENDIX C INTERCONNECTION DETAILS
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Related to Security to be Posted

  • Authority to Bind Contractor The signatory for the Contractor represents that he/she has been duly authorized to execute this Contract on behalf of the Contractor and has obtained all necessary or applicable approvals to make this Contract fully binding upon the Contractor when his/her signature is affixed, and accepted by the State.

  • Authority to Bind Each person executing this Stipulation in a representative capacity represents and warrants that he or she is authorized to execute this Stipulation on behalf of and to bind the entity on whose behalf he or she executes the Stipulation.

  • No Authority to Bind Neither party has the power or authority to bind the other party to contracts or other obligations.

  • Authority To Bid a. If the sale is restricted to an individual and not to be sold to a company, society, firm or body corporate as specified by the Developer and/or Proprietor and/or State Authorities and/or relevant bodies, the Property shall be sold to the individual person only.

  • Authority to File The Aggrieved Person may request an expedited Appeal either orally or in writing.

  • AUTHORITY TO MODIFY No modification or change in this Agreement shall be valid and enforceable against UNICEF unless provided by a written amendment to this Agreement signed by a duly authorized officer of UNICEF and an Authorized Officer of IP.

  • Authority to Enter Agreement Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party.

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

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