Alternative Resource definition
Alternative Resource means any Supply Resource other than a Primary Resource; provided, that, for purposes of providing Capacity under this Agreement, an Alternative Resource shall be deemed firm if: (i) DYPM has reserved firm transmission service from such Alternative Resource to a Point of Delivery, or the Alternative Resource has been designated an IP Network Resource, and (ii) such Alternative Resource is otherwise capable of providing Capacity.
Examples of Alternative Resource in a sentence
Alternative Resource Corporation, a Delaware corporation ("COMPANY") and the Purchasers have entered into a Securities Purchase Agreement of even date herewith (as the same may be amended, supplemented, modified or restated from time to time, the "SECURITIES PURCHASE AGREEMENT") pursuant to which the Company has issued the Notes and Warrants, subject to the terms and conditions of the Securities Purchase Agreement.
IP shall comply with any request of DYPM for IP to designate an Alternative Resource as a Network Resource, to the extent permitted under the FERC-approved tariffs of IP and/or MISO.
All voluntary service hours are to be shown on the clients’ SOC 293 forms as Alternative Resource hours.