Common use of Market Changes Clause in Contracts

Market Changes. If at any time during the Term, the Transmission Authority changes or the facilities at the Point of Delivery cease to be subject to the Transmission Tariff, the Parties shall cooperate in good faith to facilitate the delivery of Renewable Energy from the Point of Delivery to Company’s load, at the least possible cost to the Parties, consistent with this PPA to the extent possible. If at any time during the Term, the Transmission Authority, the ERO or any other Governmental Authority with jurisdiction imposes an organized market or Company elects to join a regional transmission organization or participate in an organized market that changes the manner in which the Facility is scheduled and dispatched, the Parties shall cooperate in good faith to change their protocols for operation of the Facility accordingly, at the least possible cost to the Parties, consistent with this PPA to the extent possible. In the event that improvements to the Facility or other expenditures by Seller are necessary to comply with this Section 5.2, which expenditures must be capitalized by Seller under generally accepted accounting principles consistently applied, Company shall reimburse Seller one percent (1%) of such expenditures per month, beginning with the first month following substantial completion of such expenditures and ending upon the earlier to occur of (i) the 100th month following the start of such reimbursements, and (ii) the end of the Term of this PPA.

Market Changes. (A) If at any time during the Term, the Transmission Authority changes or the facilities at the Point of Delivery cease to be subject to the Transmission Tariffa part of HCE’s delivery system, the Parties shall cooperate in good faith to facilitate the delivery of Renewable Energy from the Point of Delivery to Company’s load, at the least possible cost to the Parties, consistent with this PPA to the extent possible. . (B) If at any time during the Term, the Transmission Authoritybulk transmission system operator, the ERO or any other Governmental Authority with jurisdiction imposes an organized market or Company elects to join a regional transmission organization or participate in an organized market that changes the manner in which the Facility is scheduled and dispatched, the Parties shall cooperate in good faith to change their protocols for operation of the Facility accordingly, at the least possible cost to the Parties, consistent with this PPA to the extent possible. . (C) In the event that improvements to the Facility or other expenditures by Seller are necessary to comply with this Section 5.25.3, which expenditures must be capitalized by Seller under generally accepted accounting principles consistently applied, Company shall reimburse Seller one percent (1%) of such expenditures per month, beginning with the first month following substantial completion of such expenditures and ending upon the earlier to occur of (i) the 100th month following the start of such reimbursements, and (ii) the end of the Term of this PPA.and

Market Changes. If at any time during the Term, the Transmission Authority changes or the facilities at the Point of Delivery cease to be subject to the Transmission Tariff, the Parties shall cooperate in good faith to facilitate the delivery of Renewable Contract Energy from the Point of Delivery to Company’s load, at the least possible cost to the Parties, consistent with this PPA to the extent possible. If at any time during the Term, the Transmission Authority, the ERO or any other Governmental Authority with jurisdiction imposes an organized market or Company elects to join a regional transmission organization or participate in an organized market that which changes the manner in which the Facility is scheduled and dispatched, the Parties shall cooperate in good faith to change their protocols for operation of the Facility accordingly, at the least possible cost to the Parties, consistent with this PPA to the extent possible. possible In the event that improvements to the Facility or other expenditures by Seller are necessary to comply with this Section 5.2, which expenditures must be capitalized by Seller under generally accepted accounting principles consistently applied, Company shall reimburse Seller one percent (1%) of such expenditures per month, beginning with the first month following substantial completion of such expenditures improvements and ending upon the earlier to occur of (i) the 100th month following the start of such reimbursements, and (ii) the end of the Term of this PPA.