Pause Period Sample Clauses

POPULAR SAMPLE Copied 1 times
Pause Period. Effective April 1, 2025, the monthly interest payment of US $7,916.67 required under the Original Agreement shall be temporarily paused. No monthly interest payments shall be due from April 1, 2025, through March 31, 2026 (“Pause Period”).
Pause Period. When a budget category changes to the next incentive step the Program Administrator will initiate a pause period of no less than 20 days, whereby: - No new applications within the budget category are accepted. - The Program Administrator may perform a pre-screen to reject applications with missing documentation or applications submitted above the Developer cap, and to verify projects identified with a locational priority. - If required, the lottery is conducted. - After 10 days, Program Administrators will determine if the incentive level reduction for energy storage technologies shall increase from $0.05/Wh to $0.10/Wh between incentive steps based on statewide oversubscription for a given step. - If a lottery is conducted, a notification of the results of the lottery is sent to Applicants. Applications that were not selected for funding in the current step through the lottery will be instructed on how to reapply for funding in the next step. - Projects that are only able to be partially funded within a certain step must choose to reapply for funding in the next step or claim the remaining funds in the current step.12 - The SGIP public website is updated with information on the new incentive rate(s), available funds and the date of the next application submission opportunity.