OPTIONAL PRODUCT Sample Clauses
The OPTIONAL PRODUCT clause defines the terms under which additional products or services, not included in the main agreement, may be offered or purchased. Typically, this clause outlines the process for selecting, ordering, and paying for these optional items, and may specify any limitations or conditions for their availability. By including this clause, the contract provides flexibility for parties to expand their relationship as needs arise, while clearly delineating the scope and terms for such optional additions, thereby preventing misunderstandings or disputes over what is included in the original agreement.
OPTIONAL PRODUCT. Competitive Supplier agrees that it will incorporate an optional product as described in Exhibit A into its provision of All-Requirements Power Supply under this ESA.
OPTIONAL PRODUCT. 4.1 Teva shall have the option to add the products listed in Annex G (the “Optional Products”) to this Agreement as Tier 1 Products upon issuance of written notice to Impax at any time from the Effective Date until February 1, 2002. In the event of such election, the terms and conditions of this Agreement respecting Tier 1 Products shall apply in the same manner to the Optional Products with the following modifications:
(a) Impax shall provide to Teva the Technical Package with respect to the Optional Products within thirty (30) days following receipt of Teva’s written notice pursuant to this Section 4.1.
(b) Teva shall have six (6) months following the written notification to Impax pursuant to this Section 4.1 to add the Optional Products to any or all of the Optional Territory in accordance with the terms and conditions set forth in Sections 3.1 — 3.3.
4.2 In the event Teva does not exercise the option under Section 4.1 to add the Optional Products to this Agreement, it shall have the right to extend the option period, upon written notice of extension given to Impax prior to February 1, 2002, until ten (10) business days following the last tentative Approval by the FDA for all Optional Products. If Teva extends the option period and subsequently does not exercise this option with respect to the Optional Products in the U.S., and thereafter during the Term, Markets in the U.S. a product containing the same active ingredients in the same dosage form and strength as any of the Optional Products, Teva shall pay to Impax consideration for such extension to be agreed upon by the Parties in good faith.
4.3 In the event that Teva does not add the Optional Products to this Agreement pursuant to Section 4.1 or 4.2, then, the milestones in Annex C shall be amended as provided in Annex D, and Impax shall repay to Teva on January 15, 2004 pursuant to the provisions of Section 10.1 Five Million U.S. Dollars (U.S. $5,000,000) in addition to any other amounts owed to Teva if Impax fails to meet any of the milestones set forth in Annex D.
OPTIONAL PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts’ (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, as each standard is defined as of the date this ESA is entered into and each starting with the year in which load is served on the Start- Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for the final amendments to the regulations of the Renewable Energy Portfolio Standard (“RPS”) as filed by the Department of Energy Resources with the Joint Committee on Telecommunications, Utilities, and Energy on August 16, 2021. The price stated above also includes the purchase of an additional 46% of National Wind RECs. The Competitive Supplier shall identify the technology, vintage, and location of the renewable generators that are the sources of the Renewable Energy Certificates (RECs). All such RECs will be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green-e. [MA Requirement + 46% National Wind RECs]
OPTIONAL PRODUCT. [Eligible Consumers will only be enrolled in the optional product if they elect it.] Residential $0.26360 $0.12530 Commercial / Streetlight $0.26360 $0.12530 Industrial $0.26360 $0.12530 The price for All-Requirements Power Supply shall be as stated on this Exhibit A for the applicable Pricing Periods, and shall be fixed for the entire length of each Pricing Period. Prices must include all adders and ancillary charges. For the purposes of clarity, the price includes all costs incurred by Competitive Supplier in relation to (a) the Mystic generating station cost of service agreements, as approved by FERC in docket ER18-1639, and (b) ISO-NE Inventoried Energy Program, as approved by FERC June 18, 2020 (ER19-1428-003). However, the Competitive Supplier may offer price reductions to Participating Consumers at any time during the term of this ESA. as of the Participating Consumers’ first meter read dates for the month of January 2023.
OPTIONAL PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts’ (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, as each standard is defined as of the date this ESA is entered into and each starting with the year in which load is served on the Start- Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for the final amendments to the regulations of the Renewable Energy Portfolio Standard (“RPS”) as filed by the Department of Energy Resources with the Joint Committee on Telecommunications, Utilities, and Energy on August 16, 2021. The price stated above also includes the purchase of additional MA Class 1 Voluntary RECs above minimum standards (see chart below). The Competitive Supplier shall identify the technology, vintage, and location of the renewable generators that are the sources of the Renewable Energy Certificates (RECs). All such RECs will be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green-e. [100% MA Class I RECs]
OPTIONAL PRODUCT. You may install the Software on one (1) unit of the Designated Equipment per license.
OPTIONAL PRODUCT. [Eligible Consumers will only be enrolled in the optional product if they elect it.] Residential $0.27231 Small C&I $0.27231 Med-Large C&I $0.27231 Streetlight $0.27231
OPTIONAL PRODUCT. [Eligible Consumers will only be enrolled in the optional product if they elect it.] Residential $0.26630 $0.12840 Commercial / Streetlight $0.26630 $0.12840 Industrial $0.26630 $0.12840
OPTIONAL PRODUCT. The Competitive Supplier shall include Renewable Energy in the All- Requirements Power Supply mix in an amount equal to the respective requirements of the Massachusetts’ (a) Renewable Portfolio Standard, (b) Alternative Energy Portfolio Standard, (c) Clean Energy Standard, and (d) Clean Peak Energy Standard, as each standard is defined as of the date this ESA is entered into and each starting with the year in which load is served on the Start- Up Service Date, or otherwise pay the alternative compliance payment rate as determined by the relevant Massachusetts regulatory authority. For the purposes of clarity, the Competitive Supplier shall be responsible for the final amendments to the regulations of the Renewable Energy Portfolio Standard (“RPS”) as filed by the Department of Energy Resources with the Joint Committee on Telecommunications, Utilities, and Energy on August 16, 2021. [MA Requirement]
OPTIONAL PRODUCT a Power Supply (as defined, below) option offered to Participating Consumers (as defined below), which Participating Consumers need to affirmatively elect.