Common use of Updating of Bids/Offers Clause in Contracts

Updating of Bids/Offers. (a) The Participant acknowledges that upon submission of an Outage Notice, the Bids/Offers for the Contracted DER shall be updated automatically by the Platform to reflect that the entirety of the Contracted DER is unavailable during the period of the Planned Outage or the Forced Outage indicated on the Outage Notice. (b) In the event the Contracted DER is only experiencing a partial Outage, the Participant is required to update the Bids/Offers for the Contracted DER to reflect the partial Outage, failing which the entirety of the Contracted DER’s capacity will be subject to the Availability Charge and no portion of the Contracted DER will be activated during the Planned Outage or Forced Outage. (c) Only Bids/Offers that are updated prior to 09:00 EDT on a Business Day will be updated for that Business Day, and all Bids/Offers that are updated after 09:00 EDT will be effective only for the following Business Day.

Appears in 2 contracts

Samples: York Region Non Wires Alternative Demonstration Project Contract for Energy and Reserve Services (Direct Participant), York Region Non Wires Alternative Demonstration Project Contract for Energy and Reserve Services

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Updating of Bids/Offers. (a) The Participant acknowledges that upon submission of an Outage Notice, the Bids/Offers for the Contracted DER shall be updated automatically by the Platform to reflect that the entirety of the Contracted DER is unavailable during the period of the Planned Outage or the Forced Outage indicated on the Outage Notice. (b) In the event the Contracted DER is only experiencing a partial Outage, the Participant is required to update the Bids/Offers for the Contracted DER to reflect the partial Outage, failing which the entirety of the Contracted DER’s capacity will be subject to the Availability Charge and no portion of the Contracted DER will be activated during the Planned Outage or Forced Outage. (c) Only Bids/Offers that are updated prior to 09:00 EDT EST on a Business Day will be updated for that Business Day, and all Bids/Offers that are updated after 09:00 EDT EST will be effective only for the following Business Day.

Appears in 2 contracts

Samples: Energy Services Contract, Energy Services Contract

Updating of Bids/Offers. (a) The Participant acknowledges that upon submission of an Outage Notice, the Bids/Offers for the Contracted DER shall be updated automatically by the Platform to reflect that the entirety of the Contracted DER is unavailable during the period of the Planned Outage or the Forced Outage indicated on the Outage Notice.Notice.‌ (b) In the event the Contracted DER is only experiencing a partial Outage, the Participant is required to update the Bids/Offers for the Contracted DER to reflect the partial Outage, failing which the entirety of the Contracted DER’s capacity will be subject to the Availability Charge and no portion of the Contracted DER will be activated during the Planned Outage or Forced Outage.Outage.‌ (c) Only Bids/Offers that are updated prior to 09:00 EDT ESTEDT on a Business Day will be updated for that Business Day, and all Bids/Offers that are updated after 09:00 EDT ESTEDT will be effective only for the following Business Day.Day.‌‌‌‌‌

Appears in 1 contract

Samples: Energy and Reserve Services Contract

Updating of Bids/Offers. (a) The Participant acknowledges that upon submission of an Outage Notice, the Bids/Offers for the Contracted DER shall be updated automatically by the Platform to reflect that the entirety of the Contracted DER is unavailable during the period of the Planned Outage or the Forced Outage indicated on the Outage Notice. (b) In the event the Contracted DER is only experiencing a partial Outage, the Participant is required to update the Bids/Offers for the Contracted DER to reflect the partial Outage, failing which the entirety of the Contracted DER’s capacity will be subject to the Availability Charge and no portion of the Contracted DER will be activated during the Planned Outage or Forced Outage. (c) Only Bids/Offers that are updated prior to 09:00 EDT on a Business Day will be updated for that Business Day, and all Bids/Offers that are updated after 09:00 EDT will be effective only for the following Business Day.

Appears in 1 contract

Samples: York Region Non Wires Alternative Demonstration Project Contract for Energy and Reserve Services (Direct Participant)

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Updating of Bids/Offers. (a) The Participant acknowledges that upon submission of an Outage Notice, the Bids/Offers for the Contracted DER shall be updated automatically by the Platform to reflect that the entirety of the Contracted DER is unavailable during the period of the Planned Outage or the Forced Outage indicated on the Outage Notice. (b) In the event the Contracted DER is only experiencing a partial Outage, the Participant is required to update the Bids/Offers for the Contracted DER to reflect the partial Outage, failing which the entirety of the Contracted DER’s capacity will be subject to the Availability Charge and no portion of the Contracted DER will be activated during the Planned Outage or Forced Outage. (c) Only Bids/Offers that are updated prior to 09:00 EDT ESTEDT on a Business Day will be updated for that Business Day, and all Bids/Offers that are updated after 09:00 EDT ESTEDT will be effective only for the following Business Day.

Appears in 1 contract

Samples: York Region Non Wires Alternative Demonstration Project Contract for Energy and Reserve Services (Direct Participant)

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