Common use of Repayment of Amounts Advanced for System Upgrades Clause in Contracts

Repayment of Amounts Advanced for System Upgrades. If the generating facility fails to achieve commercial operation, but another generating facility is later constructed and requires use of the system upgrades, HEA shall reimburse the Interconnection Customer for the amounts advanced for the system upgrades. HEA and the generating facility which paid for the system upgrades shall determine a repayment schedule that is mutually agreeable to both Parties.

Appears in 3 contracts

Sources: Generation Interconnection Agreement, Generation Interconnection Agreement, Generation Interconnection Agreement