Generator Owner Sample Clauses
The "Generator Owner" clause defines the party responsible for owning and maintaining a generator within the context of an agreement. This clause typically specifies the obligations of the owner, such as ensuring the generator is in good working order, complying with relevant regulations, and handling repairs or replacements as needed. By clearly identifying the generator's owner and their responsibilities, the clause helps prevent disputes over maintenance, liability, and operational control.
Generator Owner. A Party that owns, or leases with rights equivalent to ownership, a Generator. Purchasing all or a portion of the output of a Generator shall not be sufficient to qualify a Party for participation in the Generation Owner sector for purposes of ISO governance.