EP definition
Examples of EP in a sentence
Developer provided a Letter of Credit in the amount of $998,000 under the E&P Agreement to the Connecting Transmission Owner for Connecting Transmission Owner’s Oversight Services.
No further payments for Connecting Transmission Owner’s Oversight Services shall be due under the Engineering and Procurement Oversight Agreement (the “E&P Agreement”) that was executed by the Connecting Transmission Owner and Developer, as the E&P Agreement shall be superseded by this Agreement upon execution of this Agreement.
The Developer may, at its request, reissue to the Connecting Transmission Owner the $998,000.00 letter of credit provided by Developer pursuant to the E&P Agreement to reflect such reduced amount following Connecting Transmission Owner’s receipt of each prepayment amount from Developer, in a form and substance reasonably satisfactory to Connecting Transmission Owner for the remaining Security amount.