Energy Put Option definition
Examples of Energy Put Option in a sentence
Any portion of the Delivery Period for which Seller has exercised its Energy Put Option shall be a “Put Delivery Period,” and any portion of the Delivery Period for which Seller has not exercised its Energy Put Option shall be a “RA Delivery Period.” During any RA Delivery Period, Seller shall have the right to dispatch and sell the Capacity, Energy, Ancillary Services Capacity and Associated Ancillary Services Energy from the Project to any third party.
Any portion of the Delivery Period for which Seller has exercised its Energy Put Option shall be a “Put Period.” RA Period.
For purposes of determining Gains, Seller shall be deemed to have exercised its Energy Put Option for each and every remaining Contract Year of the Term.
Seller shall ensure that such Third Party Sale does not interfere with or otherwise complicate any scheduling, confidentiality or general administrative or operational issues associated with Seller’s exercise of the Energy Put Option for the first Contract Year.
Any portion of the Delivery Period for which Seller has not exercised its Energy Put Option shall be an “RA Period.” During any RA Period, Seller shall have the right to dispatch and sell the Capacity, Energy, Ancillary Services Capacity and Associated Ancillary Services Energy from the Project to any third party.
The Parties shall cooperate with each other in order for SCE to be able to dispatch the Project prior toutilize the Product beginning on the Initial Delivery Date and, if Seller has not exercised its Energy Put Option for the first Contract Year, Seller agrees to cause each Generating Unit’s SC to cooperate in order to achieve the same.
For purposes of determining Losses, Seller shall be deemed to have exercised its Energy Put Option for each and every remaining Contract Year of the Term.