Examples of Buyer Liability Pass Through Agreement in a sentence
Upon receipt of such executed replacement Buyer Liability Pass Through Agreement, Seller will cancel this Buyer Liability Pass Through Agreement, effective upon the effectiveness of the replacement Buyer Liability Pass Through Agreement.
Seller shall countersign each Buyer Liability Pass Through Agreement within ten (10) days of receipt of Buyer’s delivery of each such Buyer Liability Pass Through Agreement executed by Buyer and applicable Project Participant; provided that no delay in countersigning any such Buyer Liability Pass Through Agreement shall affect Seller’s, Buyer’s or the Project Participant’s rights or obligations thereunder once executed.
Seller shall countersign each Buyer Liability Pass Through Agreement within ten (10) days of receipt of each such Buyer Liability Pass Through Agreement.
Within sixty (60) days after the occurrence of a Step-Up Event, Project Participant and CC Power will tender to Seller a duly executed and binding replacement Buyer Liability Pass Through Agreement in the same form as this Agreement, but for a Liability Share equal to the Project Participant’s Revised Liability Share.
For the avoidance of doubt, the cancellation of an existing Buyer Liability Pass Through Agreement shall not be effective unless and until the replacement Buyer Liability Pass Through Agreement has become effective and binding.
Following delivery of such replacement Buyer Liability Pass Through Agreement and cancellation of this Buyer Liability Pass Through Agreement, Exhibit S to the PPA will be deemed amended to reflect the Project Participant’s Revised Liability Share; provided that the Project Participant’s Revised Liability Share shall not exceed one hundred twenty-five percent (125%) of the Project Participant’s Initial Liability Share.
Buyer Liability Pass Through Agreement between Valley Clean Energy, California Community Power and Tumbleweed Energy Storage, LLC.BackgroundOn February 10, 2022, the Board at their regular meeting authorized the Interim General Manager to execute on behalf of Valley Clean Energy as a member of CC Power to participate in the Tumbleweed long duration storage project.
Buyer Liability Pass Through Agreement (BLPTA) (Exhibit to ESSA) This agreement is between LS Power, CC Power, and each participating CCA.
Approve the Tumbleweed Project as within the purpose and power of CC Power.2. Approve the Energy Storage Service Agreement and associated Buyer Liability Pass Through Agreement, in substantially final form, attached hereto as Attachment A.3. Approve the Project Participation Share Agreement, in substantially final form, attached hereto as Attachment B.