Examples of Battery Capacity in a sentence
Commencing on the first Day after the Commercial Operation Date, subject to the terms and conditions of this BESSA, Seller agrees to sell, make available, and deliver, and PSE agrees to purchase and receive for its use one hundred percent (100%) of the Battery Capacity in accordance with the terms and conditions set forth in this BESSA and in Annex 1 (XXXX Requirements and Operations), and (ii) all other Attributes associated with the Facility.
PSE will install, at Seller’s expense, PSE-owned metering equipment, as determined by PSE to be appropriate for the use of Battery Capacity and the charging and discharging of Battery Energy at the XXXX Metering Point; provided further that one revenue grade meter will be installed at the XXXX Metering Point and in accordance with the Interconnection Agreement.
Seller will use commercially reasonable efforts, including complying with all applicable registration and reporting requirements, and executing any and all documents or instruments reasonably necessary to cause the Facility and Battery Capacity (including Battery Energy) to qualify for all applicable Attributes available throughout the Delivery Period of this BESSA, at Seller’s cost and expense.
In addition to the amounts otherwise payable by PSE in accordance with this Section 5, PSE and Seller agree that the sale of Battery Capacity is exempt from Washington public utility tax and Washington State and Local Sales and Use Taxes and the sale of Attributes is not subject to Washington State and Local Sales and Use Taxes.
In accordance with Section 4(ii) of the BESSA, Seller will provide to PSE at all times during the Term one hundred percent (100%) of the Battery Capacity, including all of the XXXX Capabilities specified in Section 2.B of Appendix A.
Seller has not sold or transferred any of the Battery Capacity, Battery Energy, Environmental Attributes, or other Attributes from the Facility to any other Person.
Title to and risk of loss related to utilization of Battery Capacity shall pass and transfer from Seller to PSE at the Point of Interconnection.
Such Battery Capacity will be provided by Seller for PSE’s exclusive use, subject to the terms and conditions of this Annex 1.
Seller is not entitled to any compensation for Battery Capacity or any other Attribute prior to Seller’s obtaining Commercial Operation Authorization from PSE, including Energy produced during Facility testing and start-up.
Pursuant to the Price Schedule shown in Appendix B, PSE will pay Seller the applicable price per kW/month of Storage Contract Capacity (as defined in Annex 1 (XXXX Requirements and Operations)) for each month during the Delivery Period (such applicable price, the “Contract Price” and such monthly amount as calculated in accordance with the foregoing, the “Monthly Payment”) as full compensation for, and fully inclusive of, the Facility’s Battery Capacity, Environmental Attributes, and all other Attributes.