Specification of Intention to Shift and Initial Shift Allocation Level Sample Clauses

Specification of Intention to Shift and Initial Shift Allocation Level. Specification of Operating Year(s) in which such Party anticipates being a Shifting Party as reflected in its submitted Estimated Adjusted Energy Loads (“EAEL”), together with its Initial Shift Allocation Level. If a Shifting Party fails to declare an Initial Shift Allocation Level, its EAEL shall be set to its average Firm Resources in the Initial Shift Allocation Interval. While Surplus and Deficit Parties may reallocate their EAELs between Periods in the Critical Period pursuant to paragraph 6(a)(1), Load Data, a Surplus Party may not submit EAELs that would show a deficit in any Period in the Critical Period and a Deficit Party cannot submit EAELs that would show a surplus in any Period in the Critical Period.
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  • CFR PART 200 Contract Provisions Explanation Required Federal contract provisions of Federal Regulations for Contracts for contracts with ESC Region 8 and TIPS Members: The following provisions are required to be in place and agreed if the procurement is funded in any part with federal funds. The ESC Region 8 and TIPS Members are the subgrantee or Subrecipient by definition. Most of the provisions are located in 2 CFR PART 200 - Appendix II to Part 200—Contract Provisions for Non-Federal Entity Contracts Under Federal Awards at 2 CFR PART 200. Others are included within 2 CFR part 200 et al. In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non- Federal entity under the Federal award must contain provisions covering the following, as applicable. 2 CFR PART 200 Contracts Contracts for more than the simplified acquisition threshold currently set at $250,000, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) as authorized by 41 U.S.C. 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate. Notice: Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves all rights and privileges under the applicable laws and regulations with respect to this procurement in the event of breach of contract by either party. Does vendor agree? Yes

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