PBI Assignment Sample Clauses

PBI Assignment. If there is a change in ownership of the property which hosts the SGIP equipment, the new owner may continue to receive the Performance-Based Incentives (PBI) if the owner completes a new interconnection agreement. If the seller relocates the equipment, the owner may continue to receive the PBI incentive payments if the equipment is relocated within the same Program Administrator’s service territory within six months and the owner completes an interconnection agreement at the new address. In either case, the PBI payment sunset date will not be extended.