Substitution of the Electric System Assets Sample Clauses

Substitution of the Electric System Assets. The Electric System Assets, as constituted on the Delivery Date, are described in Exhibit A to this Installment Purchase Agreement. The City shall have the right to make any changes to the composition and description of the Electric System Assets or of any component thereof, whenever the City deems such changes to be necessary and appropriate; provided that Exhibit A shall always describe components of the Electric System with sufficient value to justify the 2024-A Purchase Payments. The City is required to obtain an opinion of Bond Counsel that the substitution of the new facilities for all or a portion of the Electric System Assets shall not cause the interest on the 2024-A Bonds to be included in the gross income of the recipients thereof for federal income tax purposes.
Sample 1
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Related to Substitution of the Electric System Assets

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Cost Responsibility for Interconnection Facilities and Distribution Upgrades 4.1 Interconnection Facilities 4.2 Distribution Upgrades

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner.

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

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