My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2012-194 AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
COD
>
City Clerk
>
RESOLUTIONS
>
2012
>
R2012-194 AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/19/2015 4:33:27 PM
Creation date
8/19/2015 4:32:56 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2012-194
Res Ord Title
AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
Approved Date
12/3/2012
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
195
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
WMEFIELD <br /> E N E R G Y <br /> b. Adverse Government Action. A regulatory, legislative or judicial body(A) requires a <br /> material change to the terms of this Agreement that materially or adversely affects a <br /> Party or(B)takes action that adversely and materially impacts a Party's ability to <br /> perform, or requires a delay in the performance of this Agreement that either Party <br /> determined to be unreasonable or(C) orders a change or modification that affect the <br /> Program such that either Party's obligations hereunder are materially changed (including <br /> the capacity market changes contemplated in FERC docket ER11-4081), and the charge <br /> is not deemed a Force Majeure Event. <br /> C. Occurrence of Regulatory Event. Upon the occurrence of a Regulatory Event, the <br /> adversely affected Party shall give notice to the other Party that such event has <br /> occurred. Within thirty (30)days, or such other period as the Parties may agree in <br /> writing, the Parties shall enter into good faith negotiations to amend or replace this <br /> Agreement so that the adversely affected Party is restored as nearly as possible to the <br /> economic position it would have been in but for the occurrence of the Regulatory Event. <br /> If the Parties are unable to agree upon an amendment to this Agreement, within the <br /> prescribed time after entering negotiations, the adversely affected Party shall have the <br /> right, upon ten (10) days prior written notice, to terminate this Agreement. Upon <br /> termination of this Agreement as a result of a Regulatory Event, the obligations of <br /> Homefield and each Aggregation Member set forth in the Terms and Conditions shall <br /> survive termination. <br /> 3. Failure to Schedule and Deliver. The failure of Homefield to schedule electricity supply to <br /> Ameren Illinois for the Aggregation Members, except as permitted under force majeure events. <br /> C. Termination Procedure. Aggregator will give written notice to Homefield of Aggregator's intent to <br /> terminate this Agreement pursuant to the provisions of this Agreement ("Termination Notice"). The <br /> Termination Notice will set forth with specificity the nature of the noncompliance. Homefield will have 30 <br /> calendar days after receipt of the notice to object in writing to termination, to state its reasons for that objection, <br /> and to propose a remedy for the circumstances. Upon request, Homefield shall be permitted to address the <br /> Aggregator's governing body concerning its objections at a regularly scheduled or special public meeting. <br /> D. f=orce Maieure Events. Homefield shall not be held in default under, or in noncompliance with, the <br /> provisions of this Agreement, nor suffer any enforcement or penalty relating to noncompliance or default <br /> (including termination, cancellation or revocation of the Program), where such noncompliance or alleged <br /> defaults occurred or were caused by a "Force Majeure Event,"defined as a strike, riot, war, earthquake, flood, <br /> tidal wave, unusually severe rain or snow storm, hurricane, tornado or other catastrophic act of nature, labor <br /> disputes, governmental, administrative or judicial order or regulation or other event that is reasonably beyond <br /> Homefield's ability to anticipate or control. <br /> ARTICLE 7: INDEMNIFICATION, INSURANCE, DISCLAIMER, AND LIMITATION OF LIABILITY <br /> A. Indemnification. Homefield agrees to indemnify and hold Aggregator harmless from any claims, <br /> causes of action, damages, judgments, and financial obligations arising Homefield's negligence, gross <br /> negligence, or willful misconduct. <br /> 11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.