BOT Agreement Term Sheet forBot Agreement Term Sheet • November 13th, 2024
The following term sheet (this “Term Sheet”) describes certain terms and conditions of a potential agreement between Buyer (as defined in item 2 below) and the seller proposed by the applicable bidder (“Bidder”) in Bidder’s proposal submitted pursuant to the RFP (“Seller” and, together with Buyer, the “Parties”) for the purchase by Buyer of a developmental combined-cycle combustion turbine (CCCT) resource meeting the requirements of the RFP, together with related assets. The terms and conditions set forth in this Term Sheet will establish the basis for the negotiation and execution of a definitive agreement between Buyer and each Seller whose proposal is selected by Entergy Services, LLC (“ ESL”) for contract negotiations (together with any agreements and other documents ancillary thereto, the “Definitive Agreement”), with necessary changes to accurately reflect any special exceptions set forth in Bidder’s proposal that are accepted by Buyer in its sole and absolute discretion. Buyer w
