Confirmation Effective Date; Condition Precedent; Filing Obligation; Term. This Confirmation shall be binding on the Parties upon execution by both Parties (such date the “Confirmation Effective Date”). Promptly after execution by both Parties, Buyer shall submit the Default Service retail rates to the NHPUC for its approval. The Parties performance of Sections 3.2 through 6.4 of the Master Power Agreement are subject to the occurrence, on or before the fifth Business Day after (but not including) the Buyer’s submission of the Default Service retail rates to the NHPUC (the “Fifth Day”), for the approval by the NHPUC. If the NHPUC does not issue a decision approving Buyer’s request to approve the Default Service retail rates as filed on or before the Fifth Day (a “NHPUC Denial”), then this Confirmation shall be null and void and of no further force and effect, and neither Party shall have any obligation whatsoever to the other Party, and such a voiding of the Confirmation and the NHPUC Denial shall not be a default or constitute an Event of Default by either Party; provided, however, that neither Party shall undertake any action with the NHPUC or otherwise in opposition of approval by the NHPUC of the Master Power Agreement or the Confirmation as executed. Default Service Requirements Matrix Award Block Customer Group Load Zone Load Responsibility Commencement Date Conclusion Date XXX XXX NH 100% XXX XXX Contract Rate - $/MWh Contract Rate Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 XXX XXX XXX XXX XXX XXX TBD Load Asset Designation within the ISO Settlement Market System Award Block Customer Group Load Zone Load Asset Number Load Asset Name XXX XXX NH XXX XXX Renewable Portfolio Requirement For each calendar month during the term of this Transaction the sum of:
Appears in 5 contracts
Samples: Master Power Agreement, Master Power Agreement, Master Power Agreement
