Common Contracts
1 similar Term Sheet for Power Purchase Agreement contracts
Proforma Term Sheet – Renewable Generating Facility [plus Storage Facility, if applicable]Term Sheet for Power Purchase Agreement • April 23rd, 2021 • California
THIS TERM SHEET FOR POWER PURCHASE AGREEMENT (“Term Sheet”) is entered into as of [_____], 2021 (the “Effective Date”), between Central Coast Community Energy, (“3CE”) and [Respondent] (“Respondent”). This Term Sheet includes the key commercial terms and conditions to be included in a proposed power purchase agreement (“PPA”) to be negotiated between 3CE (“Buyer”) and [e.g., Project Company LLC] (“Seller”) (the “Proposed Transaction”). As used herein, Buyer and Seller are each a “Party” and collectively the “Parties.” Notwithstanding anything herein to the contrary, that until a definitive agreement is approved by 3CE’s respective management and Board of Directors, signed and delivered by the Buyer and Seller, no Party shall have any legal obligations, expressed or implied, or arising in any other manner under this Term Sheet to continue negotiations or enter into the Proposed Transaction or the PPA.
