Common Contracts
1 similar Term Sheet contracts
TERM SHEETTerm Sheet • January 18th, 2022
THIS TERM SHEET IS INTENDED SOLELY TO FACILITATE DISCUSSIONS AMONG IDAHO POWER COMPANY (“IDAHO POWER” or “IPC”), PACIFICORP (“PACIFICORP” or “PAC”), AND THE BONNEVILLE POWER ADMINISTRATION (“BPA”) (EACH REFERRED TO HEREIN AS A “PARTY” AND COLLECTIVELY REFERRED TO HEREIN AS THE “PARTIES”) RELATED TO THE CONSTRUCTION, OWNERSHIP, OPERATION, ASSET EXCHANGES, AND SERVICE AGREEMENTS REGARDING THE BOARDMAN TO HEMINGWAY TRANSMISSION LINE PROJECT (“B2H PROJECT” OR “PROJECT”) AND OTHER TRANSMISSION FACILITIES. EXCEPT FOR SECTION 5 OF THIS TERM SHEET WHICH SHALL BE LEGALLY BINDING UPON THE PARTIES UPON THE EXECUTION AND DELIVERY OF THIS TERM SHEET BY ALL OF THE PARTIES (THE “EFFECTIVE DATE”), (I) THIS TERM SHEET IS NOT INTENDED TO CREATE, NOR SHALL IT BE DEEMED TO CREATE, A LEGALLY BINDING OR ENFORCEABLE AGREEMENT OR OFFER, AND (II) NO PARTY SHALL HAVE ANY LEGAL OBLIGATION WHATSOEVER PURSUANT TO THIS TERM SHEET.
