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Prepaid Power Purchase Agreement
"Need a Prepaid Power Purchase Agreement for a 50MW solar facility in Texas, with quarterly prepayments starting March 2025 and a 15-year term, including provisions for renewable energy credits and battery storage capabilities."
1. Parties: Identification of power purchaser and seller with full legal details
2. Background: Context of the agreement and basic transaction structure
3. Definitions: Key terms used throughout the agreement
4. Prepayment Terms: Details of upfront payment structure and calculations
5. Delivery Obligations: Power delivery specifications and requirements
6. Term and Termination: Duration and termination conditions
7. Representations and Warranties: Standard and specific assurances from both parties
8. Force Majeure: Circumstances beyond parties' control affecting performance
9. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms
1. Credit Support: Additional financial security requirements for cases requiring extra financial assurance
2. Environmental Attributes: Treatment of renewable energy credits and other environmental benefits for renewable energy sources
3. Construction Milestones: Development timeline and requirements for facilities not yet operational
4. Interconnection Requirements: Specific requirements for grid connection and transmission
5. Performance Security: Requirements for performance bonds or other security measures
1. Schedule A - Facility Description: Technical specifications of the generating facility
2. Schedule B - Pricing Schedule: Detailed pricing mechanisms and calculations
3. Schedule C - Operating Procedures: Technical operating requirements and procedures
4. Schedule D - Delivery Point Specifications: Details of physical delivery location and requirements
5. Schedule E - Form of Guaranty: Standard form for any required guarantees
6. Schedule F - Metering Requirements: Specifications for power metering and measurement
Authors
Approved Assignee
Bankrupt
Base Contract Price
Business Day
Capacity
Commercial Operation Date
Contract Price
Contract Quantity
Credit Rating
Defaulting Party
Delivery Point
Delivery Schedule
Early Termination Date
Effective Date
Energy
Environmental Attributes
Event of Default
Facility
FERC
Force Majeure
Governmental Authority
Grid
Guarantor
Interconnection Agreement
Interest Rate
Letter of Credit
Market Price
Material Adverse Effect
Metering Device
MW
MWh
Non-Defaulting Party
Operating Parameters
Permits
Point of Interconnection
Prepayment Amount
Prepayment Date
Prudent Industry Practice
Renewable Energy Credits
Replacement Price
Required Commercial Operation Date
Scheduled Maintenance
Security Interest
Seller's Facility
Term
Termination Payment
Transmission Provider
Unit Contingent
Prepayment Terms
Pricing and Payment
Facility Operation and Maintenance
Force Majeure
Events of Default
Remedies
Term and Termination
Representations and Warranties
Covenants
Metering
Scheduling and Dispatch
Title and Risk of Loss
Credit Support
Environmental Attributes
Interconnection
Compliance with Laws
Taxes
Insurance
Indemnification
Limitation of Liability
Assignment
Confidentiality
Dispute Resolution
Governing Law
Change in Law
Records and Auditing
Notices
Amendments
Severability
Entire Agreement
Performance Guarantees
Testing and Verification
Construction and Development
Security Interests
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