Multiple BGS Supply Agreements Sample Clauses
The "Multiple BGS Supply Agreements" clause defines the terms and conditions that apply when a party enters into more than one Basic Generation Service (BGS) supply agreement, typically with the same counterparty or within the same regulatory framework. This clause outlines how obligations, rights, and responsibilities are managed across the different agreements, such as how performance under one agreement may affect the others or how defaults are handled collectively or separately. Its core practical function is to ensure clarity and consistency in the administration of multiple related contracts, preventing conflicts or ambiguities that could arise from overlapping or concurrent supply arrangements.
Multiple BGS Supply Agreements. It is the intention of the Company and the BGS-RSCP Supplier that, in the event the BGS-RSCP Supplier is a party to other agreements with the Company for the provision of BGS Supply that existed prior to the Effective Date of this Agreement or are entered into after the Effective Date of this Agreement, the Company will calculate a single Termination Payment applicable to all such agreements as set forth herein. Each BGS-RSCP Supplier that is a party to such other agreements with the Company for the provision of BGS Supply hereby agrees that such other agreements are deemed amended by this Agreement for the purpose of calculating a single Termination Payment as described herein.
Multiple BGS Supply Agreements. It is the intention of the Company and the BGS-CIEP Supplier that, in the event the BGS-CIEP Supplier is a party to BGS agreements with the Company for the provision of BGS Supply, the Company will calculate a single Margin applicable to all such agreements. Each BGS-CIEP Supplier that is a party to other agreements with the Company for the provision of BGS Supply hereby agrees that such other agreements are deemed amended by this Agreement for the sole purpose of calculating the Margin.
Multiple BGS Supply Agreements. It is the intent of the Companies and the BGS-FP Supplier that, in the event the BGS-FP Supplier is a party to other agreements with a Company for the provision of BGS Supply, the Companies will calculate one (1) Margin applicable to all such agreements using the methodology set forth herein. The BGS-FP Supplier will have a single line of credit applicable to all BGS Supply agreements, and the Margin that is calculated is the Total Exposure Amount under all such contracts less the single line of credit.
Multiple BGS Supply Agreements. It is the intention of each of the Companies and the BGS-LRTP Supplier that, in the event the BGS-LRTP Supplier is a party to other agreements with one or more of the Companies for the provision of BGS Supply that existed prior to the Effective Date or is entered into concurrent with or after the Effective Date, the decision by the Non-Defaulting Party to terminate its obligations to the Defaulting Party pursuant to Section 5.2 of this Agreement shall result in the automatic termination of its obligations under all agreements between the Affected Company or Companies and the BGS-LRTP Supplier for the provision of BGS Supply. The Non-Defaulting Party will calculate a single Termination Payment applicable to all such agreements as set forth herein. Each Party hereby agrees that such other agreements are deemed amended by this Agreement for the purpose of calculating a single Termination Payment as described herein.
Multiple BGS Supply Agreements. It is the intention of the Company and the BGS Supplier that, in the event the BGS- RSCP Supplier is a party to other agreements with the Company for the provision of BGS Supply that existed prior to the effective date of this Agreement or is entered into after the effective date of this Agreement, the Company will calculate the Margin applicable to all such agreements as set forth herein. Each BGS-RSCP Supplier that is a party to such other agreements with the Company for the provision of BGS Supply hereby agrees that such other agreements are deemed amended by this Agreement for the purpose of calculating the Margin as described herein.