REPA definition
Examples of REPA in a sentence
In addition, if compliance with the Dispatch Notice causes reduction of a market regulation transaction, the CAISO shall also pay the Owner the product of the Regulation Energy Payment Adjustment (REPA) amount, if applicable, and the MW of Regulation which Owner had scheduled but is unable to provide because of its compliance with the Dispatch Notice.
Unless expressly provided otherwise in this Assignment Agreement, nothing in the Credit Agreement shall in any way amend, alter or otherwise affect any rights of Consumers under the REPA.
This Assignment Agreement shall completely and fully supersede all prior undertakings or agreements, both written and oral, between the Parties with respect to the assignment of the REPA in so far as the obligations and rights of the Borrower and Consumers are concerned.
As of the date hereof, Consumers represents that the REPA is a legal, valid and binding obligation of Consumers.
Notwithstanding any such further assignment and assumption of the obligations of the Borrower under the REPA by such party, the Bank shall remain liable for the obligations of the Borrower under the REPA which arose during the period in which the Bank assumed the Borrower’s obligations under the REPA.
Unless expressly modified by this Fourth Amendment, the terms and provisions of the REPA remain in full force and effect.
Said rental payment has been delivered to Lessor on the Closing Date, as defined in the REPA.
Each of the periods in the foregoing clauses (i) and (ii) shall begin on the later of (A) the expiration of the Borrower’s cure period under the REPA (if any) and (B) the date of the Bank’s receipt of notice of such Default from Consumers.
Capitalized terms used in this Fifth Amendment will have the meanings set forth in the REPA unless otherwise stated herein.
In the event the Bank or its designee(s) or assignee(s) succeed to the Borrower’s interest under the REPA, the Bank or its designee(s) or assignee(s) shall cure all then-existing payment or other performance defaults under the REPA.