Southern California Regional Energy Network Revolving Loan Fund Sample Clauses

Southern California Regional Energy Network Revolving Loan Fund. Prior to any funding under this agreement being obligated for financing, the Contractor must submit a Financing Option Memo to the Energy CAM outlining the terms of the proposed financing program (including but not limited to the total amount requested for the option, interest rate, payback period, possible service fees, eligibility requirements, and underwriting criteria). The Contractor shall: • Develop program scale and procedures, and present options within a Financing Option Memo. • Conduct an underwriting review of proposed projects for cost effectiveness compliance with the State Energy Program guidelines and requirements, and method for demonstrating adherence to the 10% energy savings requirement before financing renewable generation projects. • Review proposed and final scopes of work for projects to assure consistency with the goals and requirements of the State Energy Program. • Comply with any DOE or other federal and state reporting requirements applicable to the financing options developed under this Agreement. Contractor acknowledges that the Energy Commission must transmit information from the Contractor to DOE or other federal agencies as part of the obligations associated with the federal funds that support the financial options. Contractor agrees to supply the information the Energy Commission needs in order to fulfill these requirements. • Work cooperatively with the Energy Commission and/or its designee when this Agreement ends to transfer, as necessary, all data, documents, and legal rights, to ensure the continuity of the financing options developed under this Agreement and compliance with applicable federal and state requirements. The Contractor agrees that it will remain responsible, even beyond the end of this Agreement if necessary, for administering the financing options until this transfer is successfully made to the Energy Commission or its designee. The need for this stems from the fact that the financing options may exist longer than this Agreement. The Contractor is aware that the federal and state requirements associated with the funds for the financing options do not end just because this Agreement ends. This necessitates a transfer that does not cause a gap in compliance with these terms. This duty applies regardless of how this Agreement ends (e.g., under the termination provisions in the terms or by its own end date). Contractor agrees that its duties in this regard may include without limitation: o Assigning its righ...