Topic:"Debt Service Coverage Ratio" in M13042

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The text outlines procedures for testing and maintaining revenue class metering equipment, ensuring accuracy and compliance with standards. NSPI is responsible for testing, and financial adjustments may be required if meter accuracy exceeds 2% variance. Both parties have rights to be represented during meter sealing/unsealing and to request tests.

RECITALS: - A. The Seller and NSPI have entered into a power purchase agreement dated as of ⚫, 202⚫ (as amended, supplemented, restated or replaced from time to time in accordance with its terms and this agreement, the " PPA ") in order to...

AI summary The document outlines a power purchase agreement (PPA) between the Seller and Nova Scotia Power Inc. (NSPI) for the development and operation of a project, along with security agreements provided by the Seller to the Security Agent as collateral for the Secured Debt. The terms and conditions of the PPA and related financial arrangements are detailed.

ion System Interconnection Requirements published from time to time by the System Operator. Transmission Capital Recovery Factor – means 9 percent, as calculated by the Procurement Administrator. Transmission Credits Security – means the P...

AI summary The text defines several key terms related to system interconnection, transmission credits, and legal frameworks. It references the Transmission Capital Recovery Factor, Performance Security, and the Workers' Compensation Act, as well as the assignment of zones based on the location of interconnection points.

5. Release of Guarantee Upon request by the Seller pursuant to Section [6.1(d)](#page-53-0) of the Agreement and provided that the conditions for the return of this Guarantee set out in the Agreement have been satisfied, NSPI shall return...

AI summary This section outlines the process for the release of a guarantee by NSPI upon the Seller's request and fulfillment of conditions specified in the Agreement, thereby discharging the Guarantor from future obligations.

er which have accrued up to such time, as well as those which have arisen upon early termination of the Agreement, have been discharged. - (c) The Performance Security shall be in the form of either: - (i) a Letter of Credit or such other...

AI summary The text outlines the requirements for Performance Security under an agreement, specifying that it must be in the form of a Letter of Credit or other credit support acceptable to NSPI. The Seller is required to renew Letters of Credit and provide replacement security if renewal is not possible.