Common use of Storage Resources Clause in Contracts

Storage Resources. Subject to final approval by ▇▇▇▇▇ as of the date of final execution of the Interconnection Agreement, the following Storage resources shall be connected to or incorporated into the Facility [identify the design and all material components of any battery storage or other energy storage device connected to or incorporated into the Facility] UPON EXECUTION OF THE AGREEMENT TO WHICH THIS EXHIBIT IS ATTACHED, ANY MATERIAL MODIFICATION TO THE FACILITY SHALL REQUIRE BUYER’S PRIOR APPROVAL, WHICH SHALL NOT BE UNREASONABLY WITHHELD, CONDITIONED OR DELAYED, AND SHALL BE MEMORIALIZED IN WRITING IN AN AMENDMENT TO THE AGREEMENT. Exhibit 5-1 P a g e ELECTRONICALLY FILED - 2020 May 15 10:58 AM - SCPSC - Docket # 2019-186-E - Page 50 of 73 ELECTRONICALLY FILED - 2020 May 15 10:58 AM - SCPSC - Docket # 2019-186-E - Page 51 of 73 Exhibit 6 Form of Guaranty THIS GUARANTY AGREEMENT (this ”Guaranty”), dated as of [date], is issued and delivered by [ enter corporate legal name], a [state] [form of entity] (the ”Guarantor”), for the account of [enter corporate name], a [state] [form of entity] (the “Obligor”), and for the benefit of [enter corporate name], a [state] [form of entity] (the ”Beneficiary”).

Appears in 1 contract

Sources: Power Purchase Agreement

Storage Resources. Subject to final approval by ▇▇▇▇▇ as of the date of final execution of the Interconnection Agreement, the following Storage resources shall be connected to or incorporated into the Facility [identify the design and all material components of any battery storage or other energy storage device connected to or incorporated into the Facility] UPON EXECUTION OF THE AGREEMENT TO WHICH THIS EXHIBIT IS ATTACHED, ANY MATERIAL MODIFICATION TO THE FACILITY SHALL REQUIRE BUYER’S PRIOR APPROVAL, WHICH SHALL NOT BE UNREASONABLY WITHHELD, CONDITIONED OR DELAYED, AND SHALL BE MEMORIALIZED IN WRITING IN AN AMENDMENT TO THE AGREEMENT. Exhibit 5-1 P a g e ELECTRONICALLY FILED - 2020 May 15 10:58 AM - SCPSC - Docket # 2019-186-E - Page 50 of 73 72 ELECTRONICALLY FILED - 2020 May 15 10:58 AM - SCPSC - Docket # 2019-186-E - Page 51 of 73 72 Exhibit 6 Form of Guaranty THIS GUARANTY AGREEMENT (this ”Guaranty”), dated as of [date], is issued and delivered by [ enter corporate legal name], a [state] [form of entity] (the ”Guarantor”), for the account of [enter corporate name], a [state] [form of entity] (the “Obligor”), and for the benefit of [enter corporate name], a [state] [form of entity] (the ”Beneficiary”).

Appears in 1 contract

Sources: Power Purchase Agreement