Partial Termination Charge definition

Partial Termination Charge. Security shall mean a form of security, issued in favor of the CAISO, naming the CAISO as the beneficiary for an amount equal to the maximum Partial Termination Charge that may become payable upon Partial Termination as provided for in Article 2.
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Partial Termination Charge is defined as the sum paid by the Interconnection Customer upon Partial Termination, and Partial Termination Charge Security is defined as security issued in favor of the ISO, in a form determined to be acceptable to the ISO, for an amount equal to the Partial Termination Charge associated with each generating unit covered by the partial termination provisions. This definition also specifies that this security is separate and distinct from the financial security required under the ISO cluster 22 As indicated above, the scope of work for the initial 36 months of the reconductoring work associated with the West of Xxxxxx upgrades consists of permitting and licensing activity, which should be significantly less expensive than the later work of actually upgrading the line.
Sample 1
Partial Termination Charge is defined as the sum paid by the Interconnection Customer upon Partial Termination, and Partial Termination Charge Security is defined as security issued in favor of the CAISO, in a form determined to be acceptable to the CAISO, for an amount equal to the Partial Termination Charge. This definition also specifies that this security is separate and distinct from the financial security required under the CAISO cluster LGIP relating to network upgrade costs. In addition, the term “Phased Generation Facility” has been included, which means a generating facility that is structured to be completed and to achieve commercial operation in two or more successive phases as specified in the LGIA, such that each phase comprises a portion of the total megawatt generation capacity of the entire facility.
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Examples of Partial Termination Charge in a sentence

  • The Parties acknowledge and agree that the Partial Termination Charge does not apply in situations of termination of this LGIA in its entirety, and no reduction of the Partial Termination Charge shall be made by reason of Abandoned Plant Approval.

  • If Network Upgrades are no longer needed, the IC should be responsible for irrevocable costs under a framework similar to that proposed for cancellation of phased projects, with the Partial Termination Charge determined at the time that the size reduction is known.Finally, if an IC remains responsible for a Network Upgrade cost, it should remain eligible for any reimbursement to the extent that the upgrades are used by a subsequent project or load.

  • The Partial Termination Charge shall be payable to the CAISO and shall be secured by the Partial Termination Charge Security.

  • The following specific items related to Partial Termination are set forth in Appendix A, Section 12: the amount of the Partial Termination Charge and Partial Termination Charge Security; the timing for posting of the security, and the details for reduction of the security for Electric Generating Units that achieve Commercial Operation prior to Partial Termination.

  • The Participating TO received Abandoned Plant Approval, pursuant to the FERC order issued in Southern California Edison Co., 134 FERC ¶61,181 (2011).The Parties acknowledge and agree that the Partial Termination Charge does not apply in situations of termination of this LGIA in its entirety, and no reduction of the Partial Termination Charge shall be made by reason of Abandoned Plant Approval.

  • The Interconnection Customer has requested the ISO and SCE to give the Interconnection Customer an extension of ninety (90) calendar days to provide any Partial Termination Charge Security under Section 12(b) of Appendix A.

  • Nothing in this Article 2.4 shall limit the operation of those provisions pertaining to Partial Termination or the Partial Termination Charge contained in Article 2.4.4. In the event of Partial Termination, the provisions of Article 2.4 4 shall govern.

  • In the event that the Interconnection Customer fails to timely post the Partial Termination Charge Security, then, as specified in Article 2.4.4, the provisions of this LGIA permitting Partial Termination shall not be operative and termination of this LGIA may only occur with respect to the entire Generating Facility.

  • The amount of the Partial Termination Charge shall be an amount equal to the product of ten percent (10%) of the dollar amount of the Interconnection Customer’s cost responsibility for the Network Upgrades in the absence of Participating TO upfront funding for the entire Phased Generating Facility times (multiplied by) the ratio of the megawatt capacity of the portion of the Phased Generating Facility that is terminated to the megawatt capacity of the entire Phased Generating Facility.

  • Within fifteen (15) Calendar Days following Commercial Operation of each 250 MW Electric Generating Unit for which Partial Termination has been secured and not exercised, the Partial Termination Charge Security shall be reduced by the amount$ 6,136,025.


More Definitions of Partial Termination Charge

Partial Termination Charge means charges for Customer’s discontinuance of purchase of a Service Element prior to the end of a Service Period, as more described in Section 12.4 hereof
Sample 1
Partial Termination Charge is defined as the sum paid by the Interconnection Customer upon Partial Termination, and Partial Termination Charge Security is defined as security issued in favor of the ISO, in a form determined to be acceptable to the ISO, for an amount equal to the Partial Termination Charge associated with each generating unit covered by the partial termination provisions. This definition also specifies that this security is separate and distinct from the financial security required under the ISO cluster LGIP relating to network upgrade costs. In addition, the term “Phased Generation Facility” has been included, which means a generating facility that is structured to be completed and to achieve commercial operation in two or more successive phases as specified in the LGIA, such that each phase comprises a portion of the total megawatt generation capacity of the entire facility.
Sample 1

Related to Partial Termination Charge

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Termination Charges means any compensatory charges payable by the Customer to BT on termination of this Agreement in whole or in part or a Service as set out in a Schedule or Order.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

  • Lease Termination Date means the last day of the Lease Term.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Assistance Period means the period commencing upon the expiration or termination of this Agreement and each Statement of Work and expiring six (6) months thereafter, as such period may be extended by the Parties.

  • Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Issuer and its Subsidiaries.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Termination or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”).

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Customer channel termination point means the location where the customer either inputs or receives the communications.

  • Cancellation Charge has the meaning given to that term in paragraph 5.1 of Part 2; "Core Operational Period" in relation to any part of the Network, means the period of the day when that part is generally open to train movements;