Common use of Transition Fee Clause in Contracts

Transition Fee. NATIONAL GRID shall charge ESCO a Transition Fee and ESCO shall grant to NATIONAL GRID a right to offset and reduce any and all amounts (i) due and owing ESCO from NATIONAL GRID under a BSA/Security Agreement and (ii) due and owing from NATIONAL GRID to ESCO under this Agreement until the Transition Fee is paid in full.

Appears in 6 contracts

Samples: Billing Services Agreement, Billing Services Agreement, Billing Services Agreement

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