Use of Operating Reserve Account. With respect to a Payment Default by Purchaser, funds in the operating reserve account, if any, held by SCPPA may be used, to the extent necessary and to the extent available, to cover any deficiency with respect to any payment due by SCPPA attributable to Purchaser’s participation in the Project. Any replenishing of any operating reserve account held by SCPPA shall be in accordance with rules and protocols promulgated by SCPPA.
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Use of Operating Reserve Account. With respect to a Payment Default by Purchaser, funds in the operating reserve account, if any, held by SCPPA Operating Reserve may be used, to the extent necessary and to the extent available, to cover any deficiency with respect to any payment due by SCPPA attributable to Purchaser’s participation in the Project. Any replenishing Replenishment of any operating reserve account held by SCPPA the Operating Reserve shall be in accordance with rules and protocols promulgated by SCPPAnecessary to achieve Compliance.
Appears in 1 contract
Samples: Power Sales Agreement
