Examples of Buyout Option in a sentence
The owner of an Eligible Facility electing the Buyout Option must make payment to the Company not later than 15 business days after the owner submits written notice of intent to exercise the Buyout Option to the Company.
If the Company has already participated in the ISO-NE FCM by qualifying and bidding the associated capacity for an existing AOBC Generation Unit that becomes an Eligible Facility as a result of being retrofitted with an ESS and subsequently exercises the Buyout Option, the Company shall transfer any associated capacity supply obligation, as defined by ISO-NE, to the facility owner upon receipt of full payment of the buyout.
The Partial NSR Buyout Option allows Copper Fox at any time to repurchase half of the NSR for a cash payment of $1.0 million such that the NSR is reduced from 2% to 1%.
The Distribution Company will also include the following in the Distribution Company’s annual NMRS reconciliation: (1) payments received from ISO-NE for participation in the ISO-NE FCM by Class II and Class III Net Metering Facilities; and (2) the payments received under the Buyout Option described in Section 1.08(8)(f) above.
If a System or an Appliance was subject to the Cash-out /Buyout Option on the previous Membership CRAST will not include coverage on the same item upon renewal, if the Member purchased a new item after the Cash-out/Buyout was concluded, CRAST will include coverage as long as the receipt has been submitted and confirmed.