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CT2015-174 Feasibility Study
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CT2015-174 Feasibility Study
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Last modified
12/1/2016 8:18:02 AM
Creation date
12/18/2015 9:55:35 AM
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Loan Projects
Contract/PO #
CT2015-174
Contractor Name
Uncompahgre Valley Water Users Association
Contract Type
Loan
County
Montrose
Loan Projects - Doc Type
Feasibility Study
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Execution Version <br /> and from the Point of Delivery shall be the sole responsibility of Buyer. This <br /> includes any costs associated with distribution system curtailments and costs to <br /> transmit the Output to other additional points of delivery required by Buyer <br /> beyond the Point of Delivery. <br /> 3.5 Seller Will concurrently prmnde Buyers and MEAN'S op-orations and scheduling <br /> • <br /> desk personnel a monthly estimate of how much energy will be supplied tinting <br /> the upcoming calendar month.Such estimate shall be provided by noon on the <br /> 15th dayof the month precedingthe subject month. <br /> 3.6 Seiler agrees that the Prof* and eat** of the Units Will be operated and <br /> maintained by qualified personnel dirOughotit the Deli Yerytenn. <br /> 4, TERM AND TERMINATION: <br /> 4.1 Theleral 4ft1INAliteelaalitshall Paalfaelke.tfl*fihtt#Ve Wand ton** <br /> as of the last day of tbAtViOriti40000 0.4 WA Year Idle 11014 The <br /> Term can be extended upon ihntlialltiffee*hthf101*Iles• <br /> 4/ ItSiOnliien.,1000109.4011***ATP the. Onttentriuedpectorinme <br /> Of the obligations of the Patties that a agreement tot-ilia-resale ofthe <br /> Output ifin place betweenniuyer and MEAN,the VON Agreement"). 'gibe <br /> MEM Agreement is terminated at any time by Buyer due to *t <br /> thereunder by MEAN, Buyer may, at its option, terminate this Aiii**04t, <br /> Without fault and at no cost or penalty to Boyer. Otiler recognizes that the <br /> coati-piton of this Agreement Is tiddcai to Sellersieftto Obtain finenang for <br /> the Units and to provide for the continued operation tithe Units. <br /> 4.3 Nahailths*anat the kw.*I $:ection 4.2f.Buyer may,effective et any time <br /> between the occurrence of the fifth OS and tenth(101h)annlversades of the <br /> Oat Commercial Operation bate,terminate the MEAN Agreement so that i** <br /> may use the power generated by the Project for Its own pprposes. !titers <br /> election to terminate the MEAN Agreement ptirsulittA6 This Section 4.3 shall net <br /> terininate,ortause the ternthnitiOn of,This Alfteelneltt. <br /> 4.4 If,for any reason other than the ocOOriiinto Of 00 eYent: of fert,e:Nlei*utef <br /> Should either Bilavano Or Drop 4 not commence Commercial Operation on or <br /> before September90,2016,this Agreement shall automatically terminate vdth <br /> reSpect to such Unit or Units. <br /> 4.5 mer Shan notify Buyer not later than Ontober 1016,of toltees.3.4n t0 <br /> divelap and construct Drop 5 for esilosion in this Agreement. WOO(a)se4er <br /> determine that it 40 conSinkt Drop 5,and(b)BOVer and MEAN for another <br /> Page of;11 <br /> 133 <br />
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