Examples of Connection Charge Bond in a sentence
SCHEDULE 7A Connection Charge Bond to be provided by a Bank or Financial Institution To: EirGrid plc.
Connection Charge Bond to be provided by a Bank or Financial Institution To: EirGrid plc.
Version 2.00 (Submitted to CER -– 1814 June December 20130) SCHEDULE 7A Connection Charge Bond to be provided by a Bank or Financial Institution To: EirGrid plc.
The expiry date of the Connection Charge Bond shall be the later of the date falling six (6) months after the Operational Date or the date that is twelve Deleted: ¶(12) months after the Scheduled Operational Date Longstop Date and shall be for such amount as is required under the Connection Agreement being not greater than the Maximum Sum.
Connection Charge Bond Deleted: not be less thanDeleted: not be less than24.1.1 As Security for the payment of the Connection Charge, the Customer shall procure that the Company receives a bond or bonds (from a financial institution of not less than the Approved Rating) being in all material respects in the same form as is set out in the applicable Schedule of the Connection Agreement as Security for the fulfilment by the Customer of its Connection Charge obligations under the Connection Agreement.
The Company shall, as soon as the Customer has met its obligations under this Clause 03 in relation to any bond to which Clause24.1.2.2 applies release or cancel such bond.Agreed.The Company shall recalculate the amount of the Connection Charge Bond at the Company‟s discretion (and provided that it is acting reasonably) and shall advise the Customer in writing of any change in bond coverage required arising from such recalculation.
The Beneficiary, after receiving written consent of the Issuer and the Applicant (such consent not to be unreasonably withheld), may transfer and assign all its rights and obligations under the Connection Charge Bond and Article 38 and 39 of the UCP Rules is hereby expressly excluded to the extent that it precludes such an assignment.
Once TP projects have been approved, the turn-around time for project operations to get started is relatively short – ranging from a few weeks to at most two months.