Common use of Unplanned Capital Items Clause in Contracts

Unplanned Capital Items. (a) To the extent a Capital Item is required to remedy or prevent impairment of the Unit’s capability to Deliver Energy or Ancillary Services and the impairment was caused by Owner’s failure to comply with Good Industry Practice or by any wrongful act or omission by Owner, Owner shall install such Capital Item at Owner’s expense. Otherwise, Owner shall not be obligated to install any Capital Item unless CAISO is obligated to pay a Surcharge Payment for the Capital Item. The issue of whether Owner is obligated to install a Capital Item is subject to ADR.

Appears in 26 contracts

Samples: Service Agreement, Service Agreement, Must Run Service Agreement

AutoNDA by SimpleDocs

Unplanned Capital Items. (a) To the extent a Capital Item is required to remedy or prevent impairment of the Unit’s capability to Deliver Energy or Ancillary Services and the impairment was caused by Owner’s failure to comply with Good Industry Practice or by any wrongful act or omission by Owner, Owner shall install such Capital Item at Owner’s expense. Otherwise, Owner shall not be obligated to install any Capital Item unless CAISO ISO is obligated to pay a Surcharge Payment for the Capital Item. The issue of whether Owner is obligated to install a Capital Item is subject to ADR.

Appears in 4 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.