Common use of FEE AND DEPOSIT Clause in Contracts

FEE AND DEPOSIT. At the time of initial submission of this Agreement signed by Producer to Facilitator, Producer shall tender to Facilitator a $200, non-refundable administrative fee and a refundable contract deposit of $15 per kW of installed capacity. If the project is commissioned within the applicable milestone date set forth in this contract, 100% of the contract deposit will be refunded; if Producer voluntarily withdraws from the standard-offer program within the first year, the entire contract deposit is returned; otherwise, Producer is entitled to a refund of a portion of the contract deposit according to the schedule below: Project Type Withdrawal before end of second year Withdrawal before end of third year Wind ≤ 100 KW or Solar 50% N/A Biomass, landfill, hydroelectric, Wind ≥ 100 KW 75% 50% Farm Methane N/A N/A 10. RATES AND TERM Beginning with Commissioning, Facilitator shall pay Producer in accordance with the rate schedule and for the term set forth in Attachment F hereto.

Appears in 1 contract

Sources: Purchase Power Agreement

FEE AND DEPOSIT. At the time of initial submission of this Agreement signed by Producer to Facilitator, Producer shall tender to Facilitator a $200, non-refundable administrative fee and a refundable contract deposit of $15 per kW of installed capacity. If the project is commissioned within the applicable milestone date set forth in this contract, 100% of the contract deposit will be refunded; if Producer voluntarily withdraws from the standard-offer program within the first year, the entire contract deposit is returned; otherwise, Producer is entitled to a refund of a portion of the contract deposit according to the schedule below: Project Type Withdrawal before end of second year Withdrawal before end of third year Wind :S 100 KW or Solar 50% N/A NIA Biomass, landfill, hydroelectric, Wind 2: 100 KW 75% 50% Farm Methane N/A N/A 10. RATES AND TERM Beginning with Commissioning, Facilitator shall pay Producer in accordance with the rate schedule and for the term set forth in NIA NIA Dockets 7873 & 7874 - Attachment F hereto.II

Appears in 1 contract

Sources: Vermont Standard Offer Purchase Power Agreement

FEE AND DEPOSIT. At the time of initial submission of this Agreement signed by Producer to Facilitator, Producer shall tender to Facilitator a $200, non-refundable administrative fee and a refundable contract deposit of $15 per kW of installed capacity. If the project is commissioned within the applicable milestone date set forth in this contract, 100% of the contract deposit will be refunded; if Producer voluntarily withdraws from the standard-offer program within the first year, the entire contract deposit is returned; otherwise, Producer is entitled to a refund of a portion of the contract deposit according to the schedule below: Project Type Withdrawal before end of second year Withdrawal before end of third year Wind ≤ 100 KW or Solar 50% N/A Biomass, landfill, food waste anaerobic digestion, hydroelectric, Wind ≥ 100 KW 75% 50% Farm Methane N/A N/A 10. RATES AND TERM Beginning with Commissioning, Facilitator shall pay Producer in accordance with the rate schedule and for the term set forth in Attachment F hereto.

Appears in 1 contract

Sources: Vermont Standard Offer Purchase Power Agreement

FEE AND DEPOSIT. At the time of initial submission of this Agreement signed by Producer to Facilitator, Producer shall tender to Facilitator a $200, non-refundable administrative fee and a refundable contract deposit of $15 per kW of installed capacity. If the project is commissioned within the applicable milestone date set forth in this contract, 100% of the contract deposit will be refunded; if Producer voluntarily withdraws from the standard-offer program within the first year, the entire contract deposit is returned; otherwise, Producer is entitled to a refund of a portion of the contract deposit according to the schedule below: Project Type Withdrawal before end of second year Withdrawal before end of third year Wind ≤ 100 KW kW or Solar 50% N/A Biomass, landfill, food waste anaerobic digestion, hydroelectric, Wind ≥ 100 KW kW 75% 50% Farm Methane N/A N/A 10. RATES AND TERM Beginning with Commissioning, Facilitator shall pay Producer in accordance with the rate schedule and for the term set forth in Attachment F hereto.

Appears in 1 contract

Sources: Purchase Power Agreement