Executed Interconnection Agreement Sample Clauses
An Executed Interconnection Agreement is a formal contract between two parties, typically a utility and a third-party generator, that sets out the terms and conditions under which their electrical systems will be physically and operationally connected. This agreement details technical requirements, responsibilities for maintenance, and procedures for handling outages or emergencies. By clearly defining each party's obligations and expectations, the clause ensures safe, reliable, and coordinated operation of interconnected systems, thereby minimizing disputes and operational risks.
Executed Interconnection Agreement. Having provided and maintained the Contract Security identified in Sections 15.02(a) and 15.02(b), Seller may, in lieu of the additional Contract Security Seller required under Sections 15.02(c), (d), (e), and/or (f), extend the Commercial Operation Milestone Date from the Initial Commercial Operation Milestone Date to the Sixth Extended Commercial Operation Date by providing to NYSERDA proof that an interconnection agreement has been entered into by the NYISO or its counterpart in an adjacent control area, the Connecting Transmission Owner, and Seller or a legal representative of Seller. Bid Facilities seeking to satisfy the electricity delivery requirement through options 2 or 3 of Section 3.01 may provide proof that a comparable interconnection agreement has been entered into with all the necessary sites, service providers and parties that will be enable and permit the transmission of the energy from the Bid Facility to the point of its consumption.
Executed Interconnection Agreement. In lieu of Contract Security Seller may provide under Section 15.02(c), (d), (e), and/or (f), Seller may extend the Commercial Operation Milestone Date from November 30, 2022 to November 30, 2024 by providing to NYSERDA proof that an interconnection agreement has been entered into by the NYISO or its counterpart in an adjacent control area, the Connecting Transmission Owner, and the Seller or a legal representative of the Seller. Bid Facilities seeking to satisfy the electricity delivery requirement through options 2 or 3 of Section 3.01 may provide proof that a comparable interconnection agreement has been entered into with all the necessary sites, service providers and parties that will be enable and permit the transmission of the energy from the Bid Facility to the point of its consumption.
Executed Interconnection Agreement. Having provided and maintained the Contract Security identified in Section 15.01 Seller may, in lieu of the additional Contract Security required under Sections 15.02(a), (b), (c), or (d) as the case may be, extend the Commercial Operation Milestone Date to the next applicable Extended Commercial Operation Milestone Date by Seller providing to NYSERDA proof that an Interconnection Agreement has been entered into by the NYISO, the Connecting Transmission Owner, and Seller or a legal representative of Seller. Upon Seller furnishing NYSERDA with a fully executed Interconnection Agreement for the BR Facility, NYSERDA shall promptly refund fifty percent (50%) of the total cumulative Contract Security held by NYSERDA under this Agreement, inclusive of Contract Security provided by Seller under Section 15.01, and any additional Contract Security provided by Seller pursuant to Sections 15.02(a), (b), or (c) as applicable.