RCOD definition
Examples of RCOD in a sentence
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.
Georgia Power may, in its sole discretion, require Seller to deliver to Georgia Power, at any time during the Term, but at least thirty (30) Days after the Effective Date and thereafter annually on the RCOD anniversary, a certificate of insurance certifying Seller’s coverage under a liability insurance policy issued by a reputable insurance company authorized to do business in the state of Georgia naming Seller as a named insured and Georgia Power as an additional insured.
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 amount of Performance Security that Seller is required to maintain over the term of the Agreement shall be as follows: From PPA execution through the earlier of COD or RCOD 30** From the earlier of COD or RCOD through the Remainder of Term Annual Period 1-5: 50** Annual Period 6-10: 70** Annual Period 11-20: 150** **Estimated and to be updated.
The Eligibility Payment shall be paid by the Generating Facility Owner to the Transmission Administrator on the last Business Day of the Month in which such amount becomes payable, unless the Transmission Administrator otherwise consents to the accumulation of such amount over time, in which case the full amount (or the outstanding partial balance thereof) shall be paid within six (6) months of the RCOD.
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.
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 Appendix 3 Page 29 of 53 construction and up until and after the RCOD, provided the Transmission Administrator gives 48 hours prior notice to the Generating Facility Owner.
The deposit shall be forfeited in the event the COD is not achieved within six (6) months of RCOD.
From the earlier of COD or RCOD through the Remainder of Term (the “Post- Operation Performance Security Amounts”) Annual Period 1- 5: $1,250,000 Annual Period 11-15: $625,000 Annual Period 16-20: $312,500 (d) Section 7.3.2 (Renewable Attributes).
Subject to earlier termination as permitted under the provisions hereof and subject to Section 7.1, the term of the Agreement shall take effect from the Effective Date and shall continue in force and effect until the twentieth (20th) anniversary of the RCOD (the “Term”).