Full Funder Sample Clauses
The "Full Funder" clause designates a party as being responsible for providing the entire amount of funding required for a particular project, transaction, or obligation. In practice, this means that the designated funder must supply all necessary financial resources, rather than sharing the responsibility with other parties or relying on partial contributions. This clause ensures that there is a single, clearly identified source of funding, which helps prevent disputes over payment obligations and streamlines the financial management of the agreement.
Full Funder. An entity that satisfies the following requirements is eligible to become a Full Funder. The entity:
a. Owns, controls, or operates a facility used for the transmission of electric energy in interstate commerce which is interconnected with an existing Full Funder or which is located within the balancing authority area of an existing Full Funder to this Funding Agreement; and
b. Will utilize Northern Tier planning processes or services to meet transmission planning and cost allocation requirements set forth in the FERC’s Order 890, Order 1000, or related successor regulations or orders for its transmission facilities located within the Western Interconnection.