Common use of Adjustments to Security Clause in Contracts

Adjustments to Security. The Security provided by Project Developer at or before execution of the Generation Interconnection Agreement (a) shall be reduced as portions of the work are completed, and/or (b) shall be increased or decreased as required to reflect adjustments to Project Developer’s cost responsibility, as determined in accordance with GIP, section [to be determined], to correspond with changes in the Scope of Work developed in accordance with Transmission Provider’s scope change process for interconnection projects set forth in the PJM Manuals.

Appears in 10 contracts

Samples: Generation Interconnection Agreement, Generation Interconnection Agreement, Generation Interconnection Agreement

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Adjustments to Security. The Security provided by Project Developer at or before execution of the Generation Interconnection Agreement (a) shall be reduced as portions of the work are completed, and/or (b) shall be increased or decreased as required to reflect adjustments to Project Developer’s cost responsibility, as determined in accordance with the GIP, section [to be determined], to correspond with changes in the Scope of Work developed in accordance with Transmission Provider’s scope change process for interconnection projects set forth in the PJM Manuals.

Appears in 1 contract

Samples: Generation Interconnection Agreement

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Adjustments to Security. The Security provided by Project Developer at or before execution of the Generation Interconnection Agreement (a) shall be reduced as portions of the work are completed, and/or (b) shall be increased or decreased as required to reflect adjustments to Project Developer’s cost responsibility, as determined in accordance with the GIP, section [to be determined], to correspond with changes in the Scope of Work developed in accordance with Transmission Provider’s scope change process for interconnection projects set forth in the PJM Manuals.

Appears in 1 contract

Samples: Generation Interconnection Agreement

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