EXCHANGE ARRANGEMENT Clause Samples
EXCHANGE ARRANGEMENT. Notwithstanding any provision in this Agreement to the contrary, subject to the written consent of Buyer, which consent may be given or withheld in Buyer’s sole discretion, Seller may enter into an agreement with Columbus Electric Cooperative to exchange power generated by the Generating Facility and associated Environmental Attributes for power supplied by Columbus Electric Cooperative solely to the extent necessary for Station Use, transmission wheeling and line losses.
EXCHANGE ARRANGEMENT. If, in any given Month, Seller delivers to Buyer more than the Nominated Quantity (as defined in Section 5 of the Terms and Conditions) of Product, the excess quantity of Product shall be held by Buyer on Seller’s behalf at no additional cost to Seller. The cumulative excess quantity of Product, as it may increase or decrease from Month to Month, held by Buyer on Seller’s behalf shall be referred to herein as “Seller’s Exchange Balance”. Seller shall have the right to have Buyer hold up to 10,000,000 pounds as Seller’s Exchange Balance at any given time and from time-to-time. Except as provided in Section 4 below, Buyer shall not pay Seller for any Product received by Buyer to the extent such Product constitutes -Seller’s Exchange Balance”.