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Amherst Solar Power Agreement

Amherst Solar Power Agreement

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Published by larry_kelley_1
Copy of 25 year agreement town manager is expected to sign for a controversial solar farm located on Amherst's old landfill.
Copy of 25 year agreement town manager is expected to sign for a controversial solar farm located on Amherst's old landfill.

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Published by: larry_kelley_1 on Jul 17, 2012
Copyright:Attribution Non-commercial

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07/20/2013

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FINALDRAFT07-09-2012
SOLARPOWERSERVICESAGREEMENT
between
I
amongSECAmherstSolarOne,LLC-,aDelawarelimitedliabilitycompany("Provider"),andTownofAmherst,Massachusettsamunicipalcorporation("Customer"),July_,2012(the"EffectiveDate")
 
FINALDRAFT07-09-2012ArticleVII.TERM177.01Term177.02EarlyTerminationbyProvider177.03EarlyTerminationbyCustomer177.04PurchaseOptionUponExpirationorEarlyTerminationofthisAgreement..197.05DeterminationofFairMarketValue19ArticleVIII.REPRESENTATIONSANDWARRANTIES208.01Organization;Existence;GoodStanding.208.02BindingObligation208.03NoLitigation208.04ExecutionandPerformance20ArticleIX.DEFAULTANDFORCEMAJEURE209.01ProviderDefaults209.02CustomerDefaults219.03ForceMajeure22ArticleX.DISPUTERESOLUTION"2310.01ResolutionbyParties23ArticleXI.INSURANCE,CASUALTYANDCONDEMNATION;security2411.01Provider'sInsurance2411.02Customer'sInsurance2411.03Generally2411.04Casualty2511.05Condemnation2511.06AdditionalSecurity25ArticleXII..ASSIGNMENT2612.01Generally2612.02AssignmentbyCustomer.2612.03AssignmentbyProvider2612.04FinancingAccommodations26ArticleXIII.INDEMNIFICATION2713.01IndemnificationbyProvider2713.02IndemnificationbyCustomer.2713.03NoticeofClaims2713.05SurvivalofProvisions28ArticleXIV.MISCELLANEOUS2814.01AdditionalDocuments28
III
 
SOLARPOWERSERVICESAGREEMENT
THISSOLARPOWERSERVICESAGREEMENT(this"Agreement")ismadeeffectiveasofJuly_,2012(the"EffectiveDate"),between/amongSECAmherstSolarOne,LLC,aDelawarelimitedliabilitycompany("Provider"),andtheTownofAmherst,Massachusetts("Customer").ProviderandCustomeraresometimesreferredtoindividuallyasaPartyandcollectivelyastheParties.BACKGROUNDWHEREAS,Customerowns,directlyorindirectly,theProperty(ashereafterdefined).CustomerdesiresthatProviderinstall,maintain,ownandoperateatthePropertyasolarphotovoltaicsystem(the"System")forthepurposeofprovidingSolarServices(ashereafterdefined)toCustomer,andProvideriswillingtoundertakeandtoprovidethesame.NOW,THEREFORE,inconsiderationofgoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesagreeasfollows:ARTICLE
1.
DEFINITIONS.1.01Definitions.InadditiontoothertermsspecificallydefinedelsewhereinthisAgreement,wherecapitalized,thefollowingwordsandphrasesshallbedefinedasfollows:"ActualProduction"meansforanyperiod,theactualnetelectricalproduction,inkWh,oftheSystemanddeliveredtoCustomerattheDeliveryPoint,inconformancewithApplicableLaw."Affiliate"means,withrespecttoanyPerson,anyotherPersondirectlyorindirectlycontrolling,controlledbyorundercommoncontrolwithsuchfirstPerson."Agreement"meansthisSolarPowerServicesAgreement,includingtheSchedulesandExhibitsattachedhereto."ApplicableLaw"means,withrespecttoanyPerson(includinganyParty),anyconstitutionalprovision,law,statute,rule,regulation,ordinance,treaty,order,decree,judgment,decision,certificate,holding,injunction,registration,license,franchise,permit,authorization,guideline,GovernmentalApproval,consentorrequirementofanyGovernmentalAuthority,including,butnotlimitedto,EnvironmentalLawandtheMassachusettsDepartmentofEnvironmentalProtection'srequirementsregardinguseofclosedlandfills,havingjurisdictionoversuchPersonoritsproperty,enforceableatlaworinequity,includingtheinterpretationandadministrationthereofbysuchGovernmentalAuthority."Assignment"hasthemeaningsetforthinSection12.03."BusinessDay"meansanydayotherthanSaturday,SundayoranyotherdayonwhichbankinginstitutionsinNewYork,NewYorkarerequiredorauthorizedbyApplicableLawtobeclosedforbusiness.

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