Public Power Sample Clauses

Public Power. The SFPUC prepared a study confirming the feasibility of providing electric service to the Shipyard Site in accordance with San Francisco Administrative Code Chapter 99. Prior to the Agency’s approval of the first Major Phase Application, the Agency shall, in conjunction with the SFPUC and Developer, update this study for the Project and include the Candlestick Site and, at the request of the SFPUC, include an analysis of the feasibility of providing natural gas to the Project Site. The costs of such update with respect to electric service shall be Agency Costs subject to requirements and limitations in Article 19 of the DDA. Subject to the agreement of the SFPUC to provide electricity and/or natural gas service following completion of this update, Developer understands and agrees that all electricity and/or natural gas for the Project Site will be provided by Hetch Hetchy Water and Power or other City sources, so long as the updated feasibility analysis shows that: (i) the applicable service will be reasonably available for the Project’s needs, (ii) the level of service will be substantially equivalent or better than that available on the open market, (iii) the applicable service can be separately metered and implemented at comparable business terms and without additional delay (including delivery of service to construction sites), and (iv) the projected price for the applicable service is comparable to or less than the prevailing market rates for comparable types of loads. If the SFPUC does not provide electricity and/or natural gas to the Project Site as set forth above, and the City offers Community Choice Aggregation service in the City, then the City’s Community Choice Aggregation service will extend to and include the Project Site. In addition, the Parties agree future owners and users of property within the Project Site have the ability to participate in any such Community Choice Aggregation service available to City residents.
Sample 1
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Public Power. The Authority shall, in consultation with the SFPUC, have caused the Developer to prepare an assessment of the feasibility of the SFPUC providing electric service to the Project Site consistent with San Francisco Administrative Code Chapter 99. In addition, the Authority shall, in consultation with the SFPUC, have caused the Developer to prepare an assessment of the feasibility of the SFPUC providing gas service to the Project Site. Prior to the Authority’s approval of the first Major Phase Application, the Authority shall have caused the Developer to complete the feasibility studies in consultation with the SFPUC. The Developer shall pay for all costs of such studies. Upon completion of the feasibility study, the SFPUC, at its sole discretion, may determine whether it will provide electric service or gas service, or both to the Project Site. Notwithstanding the foregoing, subject to the agreement of the SFPUC to provide electricity and/or natural gas service following completion of these studies, Developer understands and agrees that all electricity and/or natural gas for the Project Site (the “applicable service”) will be provided by Hetch Hetchy Water and Power or other City sources, so long as the updated feasibility analysis shows that: (i) the applicable service will be reasonably available for the Project’s needs, (ii) the level of reliability and customer service responsiveness will be substantially equivalent or better than that otherwise available, (iii) upon application for the applicable service, the applicable service can be separately metered and implemented at comparable business terms and schedule (including delivery of service to construction sites), (iv) the projected price for the applicable service is comparable to or less than the prevailing market rates in San Francisco for comparable types of loads, and (v) the capital refund structure for the applicable service, (including allowances, cost of ownership, special facilities, and income tax component of construction) is at comparable business terms.
Sample 1
Public Power. Within sixty (60) days after the Effective Date, Developer will provide the SFPUC with all Project information the SFPUC requires to determine the feasibility of providing electric service to the Project Site (the “Feasibility Study”). The SFPUC will complete the Feasibility Study within six (6) months after the date that Developer provides to the SFPUC all Project information needed to complete the Feasibility Study. SFPUC and Developer shall comply with Chapter 99 of the Administrative Code and Section 8B.121 of the City Charter. Any SFPUC power will be provided under the SFPUC’s Rules and Regulations Governing Electric Service and at rates that are comparable to rates in San Francisco for comparable service from other providers. This Section 3.16 restates the current requirements of Municipal Code and the City’s Charter and does not otherwise amend or waive any existing requirements of the Municipal Code or City Charter.
Sample 1

Related to Public Power

  • Specific Powers The Member is authorized on the Company’s behalf to make all decisions as to (i) the sale, lease or other disposition of the Company’s assets; (ii) the purchase or other acquisition of other assets of all kinds; (iii) the management of all or any part of the Company’s assets and business; (iv) the borrowing of money and the granting of security interests in the Company’s assets (including loans from the Member); (v) the repayment, refinancing or extension of any mortgage affecting the Company’s assets; (vi) the compromise or release of any of the Company’s claims or debts; (vii) the payment of pensions and the establishment of pension plans, pension trusts, profit sharing plans, and benefit and incentive plans for the Member and the Company’s employees; (viii) the making of donations to the public welfare or for religious, charitable, scientific, literary or education purposes; (ix) the purchase of insurance on the life of any employee of the Member or the Company; (x) the participation in partnerships, joint ventures or other associations of any kind with any Person or Persons; and (xi) the making of all elections available to the Company under any federal or state tax law or regulations.

  • Statutory Powers For the purposes of all powers implied by statute the Secured Obligations shall be deemed to have become due and payable on the date of this Assignment.

  • Organization; Power; Qualification Each of the Borrower, the other Loan Parties and the other Subsidiaries is a corporation, partnership or other legal entity, duly organized or formed, validly existing and in good standing under the jurisdiction of its incorporation or formation, has the power and authority to own or lease its respective properties and to carry on its respective business as now being and hereafter proposed to be conducted and is duly qualified and is in good standing as a foreign corporation, partnership or other legal entity, and authorized to do business, in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and where the failure to be so qualified or authorized could reasonably be expected to have, in each instance, a Material Adverse Effect.

  • CORPORATE AND PARTNERSHIP AUTHORITY If Tenant is a corporation or partnership, or is comprised of either or both of them, each individual executing this Amendment for the corporation or partnership represents that he or she is duly authorized to execute and deliver this Amendment on behalf of the corporation or partnership and that this Amendment is binding upon the corporation or partnership in accordance with its terms.

  • Public Utility Holding Act None of the Company nor any of its Subsidiaries is a “holding company,” or an “affiliate” of a “holding company,” as such terms are defined in the Public Utility Holding Act of 2005.

  • GOVERNINGLAW That the rights and obligations of the parties under or arising out of this Agreement shall be construed and enforced in accordance with the laws of India for the time being in force.

  • Rights Under The Federal Power Act Nothing in this Section shall restrict the rights of any Interconnection Party to file a complaint with FERC under relevant provisions of the Federal Power Act.

  • Public Utility Holding Company Act Neither the Borrower nor any Subsidiary is a "holding company" or a "subsidiary company" of a "holding company", or an "affiliate" of a "holding company" or of a "subsidiary company" of a "holding company", within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Due Incorporation; Power and Authority The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of Delaware with full corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Statutory Prospectus and the Prospectus.

  • Incorporation and Corporate Power The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

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