Common use of Conditions Required of Transmission Customers Clause in Contracts

Conditions Required of Transmission Customers. Point-To-Point Transmission Service shall be provided by the ISO only if the following conditions are satisfied by the Transmission Customer: a. The Transmission Customer has pending a Completed Application for service; b. The Transmission Customer meets the creditworthiness criteria set forth in Attachment W; c. The Transmission Customer provides an unconditional and irrevocable letter of credit as security to meet its responsibilities and obligations under the Tariff in an amount calculated by the ISO; d. The Transmission Customer has arrangements in place for any other Transmission Service necessary to effect the delivery from the generating source to the ISO prior to the time when service under Part 3 of the Tariff commences; e. The Transmission Customer provides the information required by the ISO’s planning process established in Attachment Y; f. The Transmission Customer agrees to pay for any facilities constructed and chargeable to such Transmission Customer under Part 3 of the Tariff, whether or not the Transmission Customer takes service; g. The Transmission Customer has executed a Point-To-Point Service Agreement or has agreed to receive service pursuant to Section 3.3.3; h. The Transmission Customer has satisfied the communication requirements and the metering requirements established by the ISO; and i. If the Point-to-Point Transmission Service involves the use of LIPA's transmission facilities, approval of such transactions has been granted pursuant to Section 2.5.7.