Replacement and enhancement of Connection Assets Clause Samples

Replacement and enhancement of Connection Assets. (a) Where Transpower has identified a Connection Asset to which clause 40.1(c) applies: (1) the Customer may propose the use of a different value of Unserved Energy, for the purposes of applying the grid reliability standards under this clause from the value specified in clauses 8.3.4 and 8.4.3 of schedule F4 of section III of part F of the Electricity Governance Rules, to Transpower within 15 Business Days of receiving notice under clause 40.1; (2) if Transpower considers that the value of Unserved Energy proposed under subparagraph (1) is not reasonable, either it or the Customer may ask the Board to provisionally approve that value under rule 5.5 of section II of part F of the Electricity Governance Rules. If the Board does not provisionally approve the different value of Unserved Energy, the value of Unserved Energy under clauses 8.3.4 and 8.4.3 of schedule F4 of section III of part F of the Electricity Governance Rules applies; and (3) if Transpower considers that the proposed value of Unserved Energy is reasonable, or the Board provisionally approves the different value under rule 5.5 of section II of part F of the Electricity Governance Rules, that different value must be used in applying the grid reliability standards under paragraphs (b) to (d) below; (b) Transpower must as soon as practicable after identifying a Connection Asset to which clause 40.1(c) applies, investigate whether the Connection Asset meets the grid reliability standards (modified to take into account any different value of Unserved Energy that applies under paragraph (a)). (c) If Transpower finds that the Connection Asset does not meet the grid reliability standards (modified to take into account any different value of Unserved Energy that applies under paragraph (a)), it must develop proposals for investment in the grid to ensure that the Connection Asset meets the grid reliability standards (modified to take into account any different value of Unserved Energy that applies under paragraph (a)), and propose them to the Customer as soon as reasonably possible after the publication of the grid reliability report. (d) Transpower and the Customer must then attempt in good faith to reach an agreement, within six months of the date on which Transpower makes its proposals to the Customer under paragraph (c) or such longer period as agreed between the parties, for an investment or other solution (whether undertaken by Transpower or, subject to necessary land access being negotiated with...
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Related to Replacement and enhancement of Connection Assets

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Banking Services and Swap Agreements Each Lender or Affiliate thereof providing Banking Services for, or having Swap Agreements with, any Loan Party or any Subsidiary or Affiliate of a Loan Party shall deliver to the Administrative Agent, promptly after entering into such Banking Services or Swap Agreements, written notice setting forth the aggregate amount of all Banking Services Obligations and Swap Agreement Obligations of such Loan Party or Subsidiary or Affiliate thereof to such Lender or Affiliate (whether matured or unmatured, absolute or contingent). In furtherance of that requirement, each such Lender or Affiliate thereof shall furnish the Administrative Agent, from time to time after a significant change therein or upon a request therefor, a summary of the amounts due or to become due in respect of such Banking Services Obligations and Swap Agreement Obligations. The most recent information provided to the Administrative Agent shall be used in determining which tier of the waterfall, contained in Section 2.18(b), such Banking Services Obligations and/or Swap Agreement Obligations will be placed.

  • Collateral Matters; Swap Agreements The benefit of the Security Instruments and of the provisions of this Agreement relating to any collateral securing the Indebtedness shall also extend to and be available to those Lenders or their Affiliates which are counterparties to any Swap Agreement with the Borrower or any of its Subsidiaries on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries which arise under any such Swap Agreement while such Person or its Affiliate is a Lender, but only while such Person or its Affiliate is a Lender, including any Swap Agreements between such Persons in existence prior to the date hereof. No Lender or any Affiliate of a Lender shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.

  • Procurement Project not financed with EU Funds The procurement is covered by the Government Procurement Agreement (GPA): yes

  • Replacement of the L/C Issuer The L/C Issuer may be replaced at any time by written agreement between the Borrower, the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced L/C Issuer pursuant to Section 2.03(m). From and after the effective date of any such replacement, (i) the successor L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term “L/C Issuer” shall be deemed to include such successor or any previous L/C Issuer, or such successor and all previous L/C Issuer, as the context shall require. After the replacement of the L/C Issuer hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.