Common Contracts
1 similar Asset Transfer Agreement contracts
ContractAsset Transfer Agreement • June 11th, 2021
This draft agreement contains AEP’s contractual expectations and requirements for the transfer of ownership of the transmission facilities constructed by an interconnection customer under applicable option-to-build provisions as part of the interconnection of generation facilities. It does not create a legally binding or enforceable offer or agreement unless and until a definitive agreement has been duly executed and delivered by both parties. The actual terms of this draft agreement may vary based on required consents and approvals, the nature of the facilities to be transferred and other factors. This draft agreement is subject to due diligence in all respects, including all legal, financial, tax, environmental, real estate, permit, equipment, and construction matters. This draft agreement remains subject to further review and changes by AEP.
