Generating Facility Owner definition
Examples of Generating Facility Owner in a sentence
If the Generating Facility Owner and Transmission Administrator are unable to agree on the person to be appointed as arbitrator within ten (10) days of the reference, either the Generating Facility Owner or the Transmission Administrator may apply to the Court of Queen’s Bench of Alberta to appoint the arbitrator.
For greater clarity, in the event the COD occurs before the RCOD, the Generating Facility Owner shall not be entitled to the Annual Minimum Payment during the period running from COD to the RCOD.
If the Payments exceed the amount on a Statement of Account for System Access Service, then the Transmission Administrator will pay such excess amount directly to the Generating Facility Owner.
Where a dispute which has been referred to senior officers is not resolved within thirty (30) days of the reference, such dispute may be referred by either the Generating Facility Owner or Transmission Administrator to be resolved through arbitration conducted by a single arbitrator conducted in accordance with the Arbitration Act (Alberta), as amended from time to time.
A description of the Payout Formula and the percentage of Shares to be earned, if any, for the various levels of performance will be communicated to the Team Member.
The Generating Facility Owner shall have one (1) year from the date of payment to commence a dispute, otherwise the amount paid shall be deemed conclusively to be correct.
The Generating Facility Owner hereby agrees that the Transmission Administrator, in its own discretion and at its own cost and risk, may conduct on-site inspections of the Facility during its construction and up until and after the RCOD, provided the Transmission Administrator gives 48 hours prior notice to the Generating Facility Owner.
Any dispute arising out of the interpretation or application of this Agreement shall be referred to senior officers of the Generating Facility Owner and Transmission Administrator upon either the Generating Facility Owner or Transmission Administrator requesting such reference in writing.
The Transmission Administrator shall be entitled to set off from any amounts on account of the Payment and Annual Minimum Payment, as the case may be, to be credited to the Generating Facility Owner hereunder, any and all amounts owing by the Generating Facility Owner to the Transmission Administrator whether under this Agreement or otherwise.
In the event the Generating Facility Owner becomes subject to the payment of the Eligibility Payment, the Generating Facility Owner may elect, at any time thereafter, to terminate this Agreement by notice in writing to the Transmission Administrator and the delivery of such notice shall be deemed to constitute an Event of Default by the Generating Facility Owner and Section 13.4 shall apply.