Common use of Transfer of External ▇▇▇▇ Rights Clause in Contracts

Transfer of External ▇▇▇▇ Rights. A holder of External ▇▇▇▇ Rights may transfer some or all of the Contract or Non-Contract ▇▇▇▇ MW that it holds to another entity, provided that the following requirements are met: 25.9.6.1 The entity to receive the External ▇▇▇▇ Rights must, prior to the transfer, make either (i) a Contract Commitment of External Installed Capacity satisfying the requirements of Section 25.7.11.1.1 of this Attachment S, or (ii) a Non-Contract Commitment of External Installed Capacity satisfying the requirements of Section 25.7.11.1.2 of this Attachment S; and 25.9.6.2 The External Installed Capacity of the entity to receive the External ▇▇▇▇ Rights must use the same External Interface(s) used by the External Installed Capacity of the entity currently holding the External ▇▇▇▇ Rights; and 25.9.6.3 The transfer must be for the remaining duration of the Award Period or renewal of an Award Period currently effective for the External ▇▇▇▇ Rights to be transferred; and 25.9.6.4 If the holder of External ▇▇▇▇ Rights transfers some, but not all of its ▇▇▇▇ MW, the number of ▇▇▇▇ MW transferred must be such that, following the transfer, both the holder and the entity receiving External ▇▇▇▇ Rights satisfy the applicable requirements of Section 25.7.11.1.1 and 25.7.11.1.2 of this Attachment S; and 25.9.6.5 The transfer must take place on or before the earlier of: 25.9.6.5.1 Six months prior to the expiration date of the Contract or Non-Contract Commitment of the entity currently holding the External ▇▇▇▇ Rights to be transferred; or 25.9.6.5.2 One month prior to the Study Start Date of the ATRA that is prior to the start of the last Summer Capability Period within the current Award Period or renewal of an Award Period.

Appears in 3 contracts

Sources: Open Access Transmission Tariff (Oatt), Open Access Transmission Tariff (Oatt) Definitions, Open Access Transmission Tariff (Oatt)