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2018_08-28_PWETCpacket
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2018_08-28_PWETCpacket
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8/31/2018 9:09:33 AM
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8/31/2018 9:06:02 AM
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Commission/Committee
Commission/Authority Name
Public Works Commission
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
8/28/2018
Commission/Committee - Meeting Type
Regular
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produced and the Subscriber receives its corresponding Bill Credits) multiplied by <br />the Energy Price in effect at the time of delivery as set forth in Article IX. <br />II. TERM AND TERMINATION <br />2.1 The term of this Agreement shall begin on the "Effective Date," as <br />established by the date of the last signatory below, and shall expire on the same <br />date as the expiration of the Solar'Rewards Contract referred to above (the <br />"Term"), unless terminated sooner by one or both of the Parties. <br />2.2 If the Date of Commercial Operation has not occurred within Eighteen (18) <br />Months of the Effective Date, then either Party may terminate this Agreement, <br />without liability, upon providing notice to the other Party. <br />2.3 In addition, Operator may terminate this Agreement: <br />a. Upon sixty (60) days prior notice to Subscriber before the Date of <br />Commercial Operation; <br />b. Upon notice to Subscriber, in the event that the Solar'Rewards <br />contract is terminated for any reason other than as provided in Section <br />2.4(c) below; and <br />C. Upon thirty (30) days prior notice to Subscriber in the event of an <br />uncured Event of Default by Subscriber. <br />2.4 Subscriber may terminate this Agreement, upon sixty (60) days prior <br />notice to Operator, if: <br />a. Operator fails to achieve the Date of Commercial Operation within <br />twenty-four (24) months of execution of this Agreement; <br />b. Operator fails to perform under this Agreement due to an event of <br />Force Majeure materially affecting Subscriber's Subscription which lasts <br />more than twelve (12) months; <br />C. Upon thirty (30) days prior notice to Operator in the event of an <br />uncured Event of Default by Operator; <br />d. The Solar'Rewards contract has been terminated due to a breach <br />by Operator or Utility; and <br />III. UTILITY AGREEMENT <br />3 <br />
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