Modified Terms Applicable During Forbearance Period. In the event that Owner exercises its rights pursuant to Section 14.2(e) of the Distribution Company TSA or Section 14.3(e) of this Agreement, during the continuation of the period of forbearance by Purchaser of its rights as contemplated by Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA, an additional $3 shall be available in clause (b) of the definition of Non-Excused Outage Payment for the calculation of such payment by Owner, and an additional Ten Million Dollars ($10,000,000) per Contract Year shall be available with respect to the limitation of liability contained in Section 7.3.1. If Owner is successful in providing Firm Transmission Service under this Agreement or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, in full at or prior to the end of such period of forbearance, all such amounts shall revert at the time Firm Transmission Service or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, is provided in full to the amounts applicable under this Agreement prior to Owner’s exercise of its rights under Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA.
Appears in 2 contracts
Samples: Transmission Service Agreement (Avangrid, Inc.), Transmission Service Agreement (Avangrid, Inc.)
Modified Terms Applicable During Forbearance Period. In the event that Owner exercises its rights pursuant to Section 14.2(e) of the Distribution Company TSA RFP Sponsor TSAs or Section 14.3(e14.3(d) of this Agreement, during the continuation of the period of forbearance by Purchaser of its rights as contemplated by Section 14.3(e14.3(d) of this Agreement or Section 14.2(e) of the Distribution Company TSARFP Sponsor TSAs, an additional $3 shall be available in clause (b) of the definition of Non-Excused Outage Payment for the calculation of such payment by Owner, and an additional Ten Million Dollars ($10,000,000) per Contract Year shall be available with respect to the limitation of liability contained in Section 7.3.1. If Owner is successful in providing Firm Transmission Service under this Agreement or Firm Transmission Service (as defined in the Distribution Company TSARFP Sponsor TSAs), as applicable, in full at or prior to the end of such period of forbearance, all such amounts shall revert at the time Firm Transmission Service or Firm Transmission Service (as defined in the Distribution Company TSARFP Sponsor TSAs), as applicable, is provided in full to the amounts applicable under this Agreement prior to Owner’s exercise of its rights under Section 14.3(e14.3(d) of this Agreement or Section 14.2(e) of the Distribution Company TSARFP Sponsor TSAs.
Appears in 1 contract
Samples: Additional Transmission Service Agreement (Avangrid, Inc.)
Modified Terms Applicable During Forbearance Period. (a) In the event that Owner exercises its rights pursuant to Section 14.2(e) of the Distribution Company TSA or Section 14.3(e) of this Agreement, during the continuation of the period of forbearance by Purchaser of its rights as contemplated by Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA, an additional $3 shall be available in clause (b) of the definition of Non-Excused Outage Payment for the calculation of such payment by Owner, and an additional Ten Million Dollars ($10,000,000) per Contract Year shall be available with respect to the limitation of liability contained in Section 7.3.1. If Owner is successful in providing Firm Transmission Service under this Agreement or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, in full at or prior to the end of such period of forbearance, all such amounts shall revert at the time Firm Transmission Service or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, is provided in full to the amounts applicable under this Agreement prior to Owner’s exercise of its rights under Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA.
Appears in 1 contract