OP Delivery Point definition
Examples of OP Delivery Point in a sentence
Seller warrants that, upon delivery thereof at the Energy Financial Delivery Point or upon delivery thereof at the OP Delivery Point or upon generation thereof, as applicable, Buyer will have and vest in good and valid title to all Products provided hereunder free and clear of all security interests, purchase rights, claims, charges, liens, and other encumbrances or any interest therein or thereto.
Risk of loss related to (i) the Contract Energy and Storage Energy provided to Buyer shall transfer from Seller to Buyer at the Energy Financial Delivery Point, (ii) other Products that are physical in nature provided to Buyer shall transfer from Seller to Buyer at the OP Delivery Point and (iii) other Products that are not physical in nature upon receipt by Buyer of title thereto and custody thereof according to this Agreement.