Laserfiche WebLink
SCHEDULE 2 - STANDARD CONTRACTS <br />15.4.2.The letter of credit must be issued by a financial institution or insurer <br />reasonably acceptable to the Area EPS Operator and must specify a <br />reasonable expiration not sooner than sixty (60) Business Days (three <br />calendar months) after the due date for the issuance of the final bill. <br /> <br />16Assignment, Force Majeure, Consequential Damages, and Default <br />16.1.This Agreement may be assigned by either Party upon 15 Business Days prior written <br />notice and opportunity to object by the other Party; provided that: <br /> <br />16.1.1.Either Party may assign this Agreement without the consent of the other <br />Party to any affiliate of the assigning Party with an equal or greater credit <br />rating and with the legal authority and operational ability to satisfy the <br />obligations of the assigning Party under this Agreement, provided that the <br />Interconnection Customer promptly notifies the Area EPS Operator of any <br />such assignment. <br /> <br />16.1.2.Interconnection Customer shall have the right to assign this Agreement, <br />without the consent of the Area EPS Operator, for collateral security <br />purposes to aid in providing financing for the Distributed Energy Resource, <br />provided that the Interconnection Customer will promptly notify the Area <br />EPS Operator of any such assignment. <br /> <br />16.1.3.Any attempted assignment that violates this article is void and ineffective. <br />obligations be enlarged, in whole or in part, by reason thereof. An assignee <br />is responsible for meeting the same financial, credit, and insurance <br />obligations as the Interconnection Customer. Where required, consent to <br />assignment will not be unreasonably withheld, conditioned or delayed. <br /> <br />17Limitations of Liability <br />17.1. <br />omission in its performance of this Agreement, shall be limited to the amount of <br />direct damage actually incurred. In no event shall either Party be liable to the other <br />Party for any indirect, special, consequential, or punitive damages, except as <br />authorized by this Agreement. <br /> <br />Municipal Minnesota Interconnection Agreement _ January 2019 12 <br /> <br />112 <br />