Resource Designation Sample Clauses
The Resource Designation clause identifies and specifies the particular resources—such as personnel, equipment, or materials—that will be allocated to fulfill the obligations under the agreement. In practice, this clause may list specific individuals or types of resources, outline their qualifications, or set requirements for their availability and substitution. Its core function is to ensure both parties have a clear understanding of which resources are committed to the project, thereby reducing ambiguity and helping to prevent disputes over resource allocation or adequacy.
Resource Designation. (i) Seller represents and warrants to Buyer that, as of the Effective Date, the Facility is eligible for the following resource designations with the Balancing Authority applicable to the Injection Portion: [ ]
Resource Designation. (i) Seller represents and warrants to Buyer that, as of the Effective Date, the Facility is eligible for the following resource designations with the Balancing Authority applicable to the Injection Portion: [ ]31. Seller shall notify Buyer promptly upon (A) the existence of any new resource designations for which the Facility is eligible and/or (B) any resource designations for which the Facility ceases to be eligible . Buyer shall be entitled to select the resource designation(s) (or for no resource designations to be made) for the Facility and Seller shall not register the Facility with the Balancing Authority except in accordance with such designation(s)selected by Buyer. From time to time (but not during the period of time commencing one hundred and eighty (180) Days prior to the expected Delivery Term Commencement Date (which date Seller shall communicate to Buyer in writing at least two hundred and ten (210) Days prior to such date) to and ending on the Delivery Term Commencement Date), Buyer may add, remove or change any such resource designation in accordance with this Section 7.3(b). Seller shall cause the applicable Balancing Authority to recognize and give effect to any designation (or addition or removal thereof or change thereto) made by Buyer pursuant to this Section 7.3(b) promptly upon receipt of notice thereof from Buyer (or, in the case of the initial designation by Buyer, such that the Facility has such designation in effect as of the Commercial Operation Date).
(ii) To the extent that, in Buyer’s good faith judgment, the implementation of a resource designation selected by Buyer pursuant to this Section 7.3(b) requires modification or amendment of this Agreement or the development or implementation of, or agreement upon, protocols, procedures, processes, or terms and Buyer so requests in a written notification to Seller, the Parties shall make good faith efforts to negotiate and agree upon such modifications or amendments, and/or develop, agree upon, and implement such protocols, procedures, processes, or terms in a manner that preserves the relative positions of each Party and is consistent with the allocation of risks, costs and responsibilities hereunder, as expeditiously as practicable. Each Party shall conduct any and all negotiations in connection therewith in good faith and fully consistent with the rights and obligations of Buyer and Seller set forth this Agreement (including Section 7.3(e), Section 7.6 and Section 9.2). If Buye...
Resource Designation. Formatted: No underline
(i) Seller represents and warrants to Buyer that, as of the Effective Date, the Facility is eligible for the following resource designations with the Balancing Authority applicable to the Injection Portion: [ ]