OP Delivery Point definition

OP Delivery Point means, for any Product that is physical in nature (other than Contract Energy (including Delivered Energy) or Storage Energy (including Storage Delivered Energy)),
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OP Delivery Point means, for any Product that is physical in nature (other than Contract Energy), (a) if such Product is capable of being delivered to the Energy Financial Delivery Point and is recognized and marketable in the Balancing Authority Area applicable to the Delivery Portion, the Energy Financial Delivery Point, or (b) otherwise, the Injection Point.
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OP Delivery Point means, for any Product that is physical in nature (other than Contract Energy or Storage Energy), (a) if such Product is capable of being delivered to the Energy Financial Delivery Point and is recognized and marketable in the Balancing Authority Area applicable to the Delivery Portion, the Energy Financial Delivery Point, or (b) otherwise, [the Electric Interconnection Point or]22 the Injection Point[, whichever such Product is capable of being delivered to (provided that, if such Product is capable of being delivered to both such points, the “OP Delivery Point” shall be whichever of such points is designated by Buyer to Seller)].23
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Examples of OP Delivery Point in a sentence

  • Seller warrants that, upon delivery thereof at the Energy Financial Delivery Point or upon delivery thereof at the OP Delivery Point or upon generation thereof, as applicable, Buyer will have and vest in good and valid title to all Products provided hereunder free and clear of all security interests, purchase rights, claims, charges, liens, and other encumbrances or any interest therein or thereto.

  • Risk of loss related to (i) the Contract Energy and Storage Energy provided to Buyer shall transfer from Seller to Buyer at the Energy Financial Delivery Point, (ii) other Products that are physical in nature provided to Buyer shall transfer from Seller to Buyer at the OP Delivery Point and (iii) other Products that are not physical in nature upon receipt by Buyer of title thereto and custody thereof according to this Agreement.


More Definitions of OP Delivery Point

OP Delivery Point means, for any Product that is physical in nature (other than Contract Energy (including Delivered Energy) or Storage Energy (including Storage Delivered Energy)), 33 NTD: Insert if the Facility is a developmental resource. 34 NTD: Insert if the Facility is not a developmental resource. 35 NTD: Insert if the Facility is directly interconnected to MISO.
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