Resource Adequacy Benefits. 3.4.1.During the Delivery Term, Seller grants, pledges, assigns and otherwise commits to Buyer all of the Contract Capacity, including Capacity Attributes, if any, from the Project to enable Buyer to meet its Resource Adequacy or successor program requirements, as the CPUC, CAISO or other regional entity may prescribe (“Resource Adequacy Requirements”).
Resource Adequacy Benefits. Seller grants, pledges, assigns, and otherwise commits to Buyer the Qualifying Capacity for each PDR specified in the Supply Plan and all Resource Adequacy Benefits of the Product as associated with the DRAM Resource to enable Buyer to meet its RAR, Local RAR and/or Flexible RAR, as applicable. The Parties shall take all commercially reasonable actions, and execute all documents or instruments necessary, to effect the use of the Product for Xxxxx’s sole benefit.
Resource Adequacy Benefits. Any actions required for Seller to comply with its obligations set forth in the first paragraph above, the cost of which will be included in the Compliance Expenditure Cap, shall be referred to collectively as the “Compliance Actions.” If Seller reasonably anticipates the need to incur out-of-pocket expenses in excess of the Compliance Expenditure Cap in order to take any Compliance Action Seller shall provide Notice to SCE of such anticipated out-of-pocket expenses. SCE will have sixty (60) days to evaluate such Notice (during which time period Seller is not obligated to take any Compliance Actions described in the Notice) and shall, within such time, either (1) agree to reimburse Seller for all or some portion of the costs that exceed the Compliance Expenditure Cap (such SCE-agreed upon costs, the “Accepted Compliance Costs”), or (2) waive Seller’s obligation to take such Compliance Actions, or any part thereof for which SCE has not agreed to reimburse Seller. If SCE agrees to reimburse Seller for the Accepted Compliance Costs, then Seller shall take such Compliance Actions covered by the Accepted Compliance Costs as agreed upon by the Parties and SCE shall reimburse Seller for Seller’s actual costs to effect the Compliance Actions, not to exceed the Accepted Compliance Costs. *** End of ARTICLE ONE ***
Resource Adequacy Benefits. In accordance with PUC Section 399.20(g), Seller conveys to PG&E all Resource Adequacy Benefits attributable to the physical generating capacity of Seller’s Facility to enable PG&E to count such capacity towards PG&E’s resource adequacy requirement for purposes of PUC Section 380. Seller shall take all reasonable actions and execute documents and instructions necessary to enable Buyer to secure Resource Adequacy Benefits; Seller shall comply with all applicable reporting requirements.
Resource Adequacy Benefits. (a) Seller grants, pledges, assigns and otherwise commits to SCE the Nameplate Contract Capacity in order to contribute to SCE meeting its resource adequacy obligations (including any RAR) under any Resource Adequacy Rulings. Seller also represents, warrants and covenants to SCE that Seller:
Resource Adequacy Benefits. Seller grants, pledges, assigns, and otherwise commits to Buyer the Product Monthly Quantity and all Resource Adequacy Benefits of the Product as associated with the DRAM Resource to enable Buyer to meet its RAR, Local RAR and/or Flexible RAR, as applicable. The Parties shall take all commercially reasonable actions, and execute all documents or instruments necessary, to effect the use of the Product for Xxxxx’s sole benefit.
Resource Adequacy Benefits. Seller conveys to PG&E all Resource Adequacy Benefits attributable to the physical generating capacity of Seller’s Facility. Seller shall comply with all applicable reporting requirements and take all reasonable actions and execute documents and instructions necessary to enable Buyer to secure Resource Adequacy Benefits, subject to the Compliance Cost Cap.
Resource Adequacy Benefits. The Parties agree that the Compliance Costs that Seller shall be required to incur shall not exceed 1% of the Expected Annual Net Energy Production multiplied by the Product Price in the aggregate each Term Year (“Compliance Expenditure Cap”) between the Effective Date and the last day of the Term.
Resource Adequacy Benefits. In accordance with California Public Utilities Code Section 399.20(f), Seller conveys to MCE all Resource Adequacy Benefits attributable to the physical generating capacity of Seller’s Facility to enable MCE to count such capacity towards MCE’s resource adequacy requirement for purposes of California Public Utilities Code Section 380. At MCE’s request, Seller shall take all reasonable actions and execute documents and instructions necessary to enable MCE to secure Resource Adequacy Benefits; Seller shall comply with all applicable reporting requirements.
Resource Adequacy Benefits. Seller hereby grants, pledges, assigns and otherwise commits to Buyer the full Capacity of the Generating Facility on a Unit Contingent, use- limited basis during the Term for the purpose, among other things, of providing a Resource Adequacy Benefit to Buyer. Seller represents, warrants, and covenants to Buyer that Seller shall not, during the Term, use, grant, pledge, assign, or otherwise commit any portion of the Generating Facility or its Output to provide a Resource Adequacy Benefit to any entity other than Buyer. The Parties shall take commercially reasonable actions to effectuate the use of the Resource Adequacy Benefits of the Generating Facility for Buyer's sole benefit throughout the Term, including but not limited to coordinating and promptly exchanging information that would allow Seller’s Scheduling Coordinator to submit Schedules that are reflective of changing hydrological conditions and associated Energy deliveries so as to eliminate or mitigate any diminution in the Resource Adequacy Benefits. Notwithstanding the foregoing, Seller makes no representation or warranty that Buyer will actually realize a Resource Adequacy Benefit from the Generating Facility given the Unit Contingent, use-limited nature of the Generating Facility, as further described in Section 3.1(b), it being understood and agreed that realization of a Resource Adequacy Benefit is determined by resource adequacy rules established under the ISO Tariff.
