United Power definition
Examples of United Power in a sentence
Upon request of United Power, the Town may also grant United Power reasonable extensions of time for good cause shown and the Town shall not unreasonably withhold any such extension.
Except as set forth in Section 2 hereof, neither Tri-State nor the United Power shall receive any Withdrawing Member Escrow Funds under this Escrow Agreement except to the extent United Power and Tri-State deliver to Escrow Agent written instructions to disburse to Tri-State or United Power, as applicable, some or all of the applicable Withdrawing Member Escrow Funds.
United Power shall reasonably cooperate with Tri-State for Tri-State to provide such assistance.
Tri-State will provide United Power the information consistent with what Tri-State has provided United Power in the past and in time for United Power to comply with United Power’s June 1, 2024 Colorado RPS compliance reporting requirement for the 2023 calendar year.
Unless otherwise specified in the Escrow Agreement or Section 2 hereof, Escrow Agent shall disburse the Withdrawing Member Escrow Funds at any time and from time to time, upon receipt of, and in accordance with written instructions signed by both United Power and Tri-State.
Any ongoing sharing of metering information and related data for transmission service billing under the OATT, operational needs, or other needs of United Power will be pursuant to the applicable OATT agreements and other future agreements as mutually agreed to by the Parties.
United Power shall execute and deliver to Tri-State a Membership Termination Certificate in the form of Exhibit A to this Contract (the “Termination Certificate”) concurrently with delivery of the written escrow instructions specified in Section 4.1.
For clarity, all RECs arising out of the REC Contracts for which United Power has title and ownership pursuant to the REC Contracts, along with any other RECs that United Power owns, are used first to satisfy United Power’s 2023 calendar year RPS compliance, including RECs from prior years.
On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts.
If the conditions in this Section 4.11(b) are satisfied, Liens over the Power Plant or the Capital Stock of United Power LLC shall be released in connection with any such Asset Sale without the requirement for any consent of the Holders, the Trustee or the Shared Security Agent.