Resource Adequacy Requirements Sample Clauses

Resource Adequacy Requirements. The Parties acknowledge that the Commission, PJM, FERC, or another Governmental Authority may, during the Contract Term, put into place a Resource Adequacy Requirement whereby eligibility to credit Capacity toward the Resource Adequacy Requirement may be determined by identifying the Project. The Parties further acknowledge that as of the Execution Date no such Resource Adequacy Requirement exists. During the Pre-Services Term Period and the Services Term, Seller shall commit the Units to Buyer for the purpose of meeting any Resource Adequacy Requirements applicable to Buyer that may be established by the Commission, PJM (or successor control area operator) or other Governmental Authority from time to time, and shall comply with any Commission, PJM, FERC, or other Governmental Authorities requirements for meeting RAR (to the extent, in each case, that a wind-powered electric generating facility is able to comply with such Resource Adequacy Requirements). For avoidance of doubt, included within Buyer’s exclusive rights to Products available from the Units and the Project described in Section 3.1(a), Buyer is entitled to all products there from that are related to RAR, including capacity tags, capacity credits, and all installed capacity and other capacity-related products pertaining to Buyer’s entitlement to the Products from the Project (other than with respect to Excess Products). For the avoidance of doubt, Seller shall have the right to sell to third parties all RAR related products that are related to the Excess Products, including capacity tags, capacity credits, and all installed capacity and other capacity-related products pertaining to such Excess Products, so long as such sale does not limit or reduce the ability of Buyer to receive Products on a first priority basis. Throughout the Pre-Services Term Period and the Services Term, Seller shall take all such actions and execute any and all documents or instruments necessary to ensure the availability and qualification of each Unit and the Project and the Capacity to meet Buyer’s RAR and Buyer’s or PJM’s right to the use a proportionate amount of the Project (up to the Maximum Contract Capacity Amount) and its Products (up to those maximum amounts as set forth in Section 3.1(a)) for the benefit of Buyer’s RAR (to the extent, in each case, that a wind-powered electric generating facility is able to comply with applicable Resource Adequacy Requirements). The Parties acknowledge and agree that the alloc...
Sample 1
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Resource Adequacy Requirements. Seller grants, pledges, assigns and otherwise commits to SCE the full Net Contract Capacity of each Generating Unit in order for SCE to meet its resource adequacy obligations under any Resource Adequacy Requirements. Seller also represents, warrants and covenants to SCE that Seller:
Sample 1
Resource Adequacy Requirements. If the Purchaser’s Metered Output under this Agreement will be counted toward the satisfaction of resource adequacy requirements, then any electrical energy delivered by Seller to Purchaser under this Agreement may be claimed by Purchaser, at Purchaser’s sole cost, risk and expense, to meet such requirements; provided, however, that nothing in this Section shall be deemed to change Seller’s obligations under this Agreement or to impose any obligations on Seller. Seller specifically disclaims any warranties or representations concerning anything respecting resource adequacy requirements (“Resource Adequacy”), and shall have no liability or obligation to Purchaser, and Purchaser shall remain obligated to perform this Agreement, if it is at any time determined by any person, entity or governmental instrumentality that (x) any aspect of the Project or electrical energy from the Project does not meet Resource Adequacy, or (y) Seller does not have the right to transfer or confirm any rights respecting Resource Adequacy to Purchaser under this Agreement, the Project PPA or otherwise.
Sample 1
Resource Adequacy Requirements. During the Delivery Term, Seller grants, pledges, assigns and otherwise commits to Buyer all of the Plant’s Initial Capacity, including Capacity Attributes from the Plant, to enable Buyer to meet its Resource Adequacy or successor program requirements, as the CPUC, CAISO and/or other regional entity may prescribe, including submission of a supply plan or Resource Adequacy plan (“Resource Adequacy Requirements”). From the Execution Date, and for the duration of the Delivery Term, Seller shall take all commercially reasonable actions, including complying with all applicable registration and reporting requirements, and executing any and all documents or instruments necessary to enable Buyer to use all of the capacity of the Plant, including Capacity Attributes, to be committed by Seller to Buyer pursuant to this Agreement to meet Buyer’s Resource Adequacy Requirements during the Delivery Term.
Sample 1
Resource Adequacy Requirements. In addition to determining the renewable resource requirement, LACCE will also need to demonstrate it has sufficient physical power supply capacity to meet its projected peak demand plus a 15 percent planning reserve margin. This requirement is in accordance with resource adequacy regulation administered by the CPUC and the California Energy Commission (CEC). The CPUC's resource adequacy standards applicable to LACCE require a demonstration one year in advance that LACCE has secured physical capacity for 90 percent of its projected peak demand for each of the five months May through September, plus a minimum 15 percent reserve margin. On a month-ahead basis, LACCE must demonstrate 100 percent of the peak load plus a minimum 15 percent reserve margin. The Plan’s load forecast estimates capacity needs, including resource capacity requirements, to be used for the power supply cost forecasting.
Sample 1

Related to Resource Adequacy Requirements

  • Resource Adequacy (a) During the Delivery Term, Seller grants, pledges, assigns and otherwise commits to Buyer all of the Project’s Contract Capacity, including Capacity Attributes from the Project, to enable Buyer to meet its Resource Adequacy or successor program requirements, as the CPUC, CAISO and/or other regional entity may prescribe, including submission of a Supply Plan or Resource Adequacy Plan (“Resource Adequacy Requirements”). From the Execution Date, and for the duration of the Delivery Term, Seller shall take all commercially reasonable actions, including complying with all applicable registration and reporting requirements, and execute any and all documents or instruments necessary to enable Buyer to use all of the capacity of the Project, including Capacity Attributes, to be committed by Seller to Buyer pursuant to this Agreement to meet Buyer’s Resource Adequacy Requirements during the Delivery Term.

  • Policy Requirements All of the policies of insurance referred to in this Article XIII shall be written in form reasonably satisfactory to Landlord and any Facility Mortgagee and issued by insurance companies with a minimum policyholder rating of “A-” and a financial rating of “VII” in the most recent version of Best’s Key Rating Guide, or a minimum rating of “BBB” from Standard & Poor’s or equivalent. If Tenant obtains and maintains the general liability insurance described in Section 13.1(e) above on a “claims made” basis, Tenant shall provide continuous liability coverage for claims arising during the Term. In the event such “claims made” basis policy is canceled or not renewed for any reason whatsoever (or converted to an “occurrence” basis policy), Tenant shall either obtain (a) “tail” insurance coverage converting the policies to “occurrence” basis policies providing coverage for a period of at least three (3) years beyond the expiration of the Term, or (b) an extended reporting period of at least three (3) years beyond the expiration of the Term. Tenant shall pay all of the premiums therefor, and deliver certificates thereof to Landlord prior to their effective date (and with respect to any renewal policy, prior to the expiration of the existing policy), and in the event of the failure of Tenant either to effect such insurance in the names herein called for or to pay the premiums therefor, or to deliver such certificates thereof to Landlord, at the times required, Landlord shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums therefor, in which event the cost thereof, together with interest thereon at the Overdue Rate, shall be repayable to Landlord upon demand therefor. Tenant shall obtain, to the extent available on commercially reasonable terms, the agreement of each insurer, by endorsement on the policy or policies issued by it, or by independent instrument furnished to Landlord, that it will give to Landlord thirty (30) days’ (or ten (10) days’ in the case of non-payment of premium) written notice before the policy or policies in question shall be altered, allowed to expire or cancelled. Notwithstanding any provision of this Article XIII to the contrary, Landlord acknowledges and agrees that the coverage required to be maintained by Tenant may be provided under one or more policies with various deductibles or self-insurance retentions by Tenant or its Affiliates, subject to Landlord’s approval not to be unreasonably withheld. Upon written request by Xxxxxxxx, Tenant shall provide Landlord copies of the property insurance policies when issued by the insurers providing such coverage.

  • Resource Adequacy Benefits 3.4.1.During the Delivery Term, Seller grants, pledges, assigns and otherwise commits to Buyer all of the Contract Capacity, including Capacity Attributes, if any, from the Project to enable Buyer to meet its Resource Adequacy or successor program requirements, as the CPUC, CAISO or other regional entity may prescribe (“Resource Adequacy Requirements”).

  • Subsidy Requests and Reporting Requirements 1. The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information including the occupants’ eligibility, set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested.

  • Safety Requirements 18.1.1 The Concessionaire shall comply with the provisions of this Agreement, Applicable Laws and Applicable Permits and conform to Good Industry Practice for securing the safety of the Users. In particular, the Concessionaire shall develop, implement and administer a surveillance and safety program for providing a safe environment on or about the Project, and shall comply with the safety requirements set forth in Schedule-L (the “Safety Requirements”).

  • Technology Requirements The Customer is required to obtain and maintain, at the Customer’s own expense, compatible Electronic Channels, hardware, operating systems, and software approved for such use by Royal Bank, and which are up-to-date and unaltered from manufacturer specifications. Royal Bank is not responsible for, and makes no representations or warranties of any nature, with respect to any such Electronic Channels, hardware, operating systems, and software provided by any other Person. Royal Bank has the right, in its sole discretion, without notice, to make changes to this Service from time to time which may result in the Customer’s Electronic Channels, hardware, operating systems, and software no longer being compatible with this Service, and in such event, Royal Bank will have no responsibility or liability to the Customer or any other Person.

  • Expenditure on Safety Requirements All costs and expenses arising out of or relating to Safety Requirements shall be borne by the Concessionaire to the extent such costs and expenses form part of the works and services included in the Scope of the Project, and works and services, if any, not forming part of the Scope of the Project shall be undertaken in accordance with the provisions of Article 16. Costs and expenses on works and services not covered hitherto before and arising out of Safety Requirements shall, subject to the provisions of Clause 16.3.2, be borne from out of a dedicated safety fund (the “Safety Fund”) to be funded, owned and operated by the Authority or a substitute thereof.

  • Health and Safety Requirements The Contractor and his subcontractors ensure at all times compliance with safety regulations imposed by any Act of Parliament, ordinance or any regulation or by¬law of any local or statutory authority. Occupational Health and Safety Act (Act of 1993-Section 37) The Contractor shall comply with:  The Occupational Health and Safety Xxx, 0000, and all Regulations made there under;  All Eskom Safety and Operating Procedures listed in this Works Information. The Contractor acknowledges that it is fully aware of the requirements of all the above and undertakes to employ only people who have been duly authorised in terms thereof and who have received sufficient training to ensure that they can comply therewith. The Contractor undertakes not to do, or not to allow anything to be done which will contravene any of the provisions of the Act, Regulations or Safety and Operating Procedures. The Contractor shall appoint a person who will liaise with the Eskom Safety Officer responsible for the premises relevant to this contract. The person so appointed shall, on request:  Supply the Eskom Safety Officer with copies of minutes of all Health and Safety Committee meetings, whenever he is required to do so;  Supply the Eskom Safety Officer with copies of all appointments in respect of employees employed on this contract, in terms of the Act and Regulations and shall advise the Eskom Safety Officer of any changes thereto. Eskom may, at any stage during the currency of this agreement, be entitled to:  Do safety audits at the Contractor’s premises, its work-places and on its employees;  Refuse any employee, sub-contractor or agent of the Contractor access to its premises if such person has been found to commit any unlawful act or any unsafe working practice or is found to be not authorised or qualified in terms of the Act;

  • Security Requirements 11.1 The Supplier shall comply, and shall procure the compliance of the Suppliers Personnel, with the Security Policy and the Security Plan and the Supplier shall ensure that the Security Plan produced by the Supplier fully complies with the Security Policy.

  • NMHS Governance, Safety and Quality Requirements 3.1 Participates in the maintenance of a safe work environment.

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