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2019-01 - Purchase Agreement with Enerlogics Solar LLC
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2019-01 - Purchase Agreement with Enerlogics Solar LLC
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Last modified
11/12/2019 9:53:54 AM
Creation date
11/12/2019 9:06:37 AM
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Office Of Council
Document Type
Resolutions
Number
2019-01
Date Adopted
11/4/2019
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or five (5) days after deposit in the mail. Notices must be sent to the person identified in this Agreement at the <br />addresses set forth in this Agreement or such other address as either Party may specify in writing. <br />d. Survival. Provisions of this Agreement that should reasonably be considered to survive termination of this <br />Agreement, including, without limitation provisions related to billing and payment and indemnification, will survive, <br />termination of this Agreement. <br />e. Further Assurances. Each Party shall provide such information, execute and deliver any instruments and documents <br />and to take such other actions as may be reasonably requested by the other Party to give full effect to this Agreement <br />and to carry out the intent of this Agreement. <br />L Waivers. No provision or right or entitlement under this Agreement may be waived or varied except in writing signed <br />by the Party to be bound. No waiver of any of the provisions of this Agreement will constitute a waiver of any other <br />provision, nor will such waiver constitute a continuing waiver unless otherwise expressly provided. <br />g. Non -Dedication of Facilities. Nothing in this Agreement may be construed as the dedication by either Party of its <br />facilities or equipment to the public or any part thereof. Neither Party may knowingly take any action that would <br />subject the other Party, or other Party's facilities or equipment, to the jurisdiction of any Governmental Authority as <br />a public utility or similar entity. Neither Party may assert in any proceeding before a court or regulatory body that the <br />other Party is a public utility by virtue of such other Party's performance under this Agreement. If Seller is reasonably <br />likely to become subject to regulation as a public utility, then the Parties shall use commercially reasonable efforts to <br />restructure their relationship under this Agreement in a manner that preserves their relative economic interests while <br />ensuring that Seller does not become subject to any such regulation. If the Parties are unable to agree upon such <br />restructuring, Seller may terminate this Agreement without further liability under this Agreement except with respect <br />to liabilities accrued prior to the date of termination and remove the System in accordance with Section 9 of this <br />Agreement. <br />h. Service Contract. The Parties intend this Agreement to be a "service contract" within the meaning of Section <br />7701(e)(3) of the Internal Revenue Code of 1986. Purchaser shall not take the position on any tax return or in any <br />other filings suggesting that it is anything other than a purchase of electricity from the System. <br />No Partnership. No provision of this Agreement may be construed or represented as creating a partnership, trust, <br />joint venture, fiduciary or any similar relationship between the Parties. No Party is authorized to act on behalf of the <br />other Party, and neither may be considered the agent of the other. <br />j. Entire Agreement, Modification, Invalidity, Captions. This Agreement constitutes the entire agreement of the <br />Parties regarding its subject matter and supersedes all prior proposals, agreements, or other communications between <br />the Parties, oral or written. This Agreement maybe modified only by a writing signed by both Parties. If any provision <br />of this Agreement is found unenforceable or invalid, such provision shall not be read to render this Agreement <br />unenforceable or invalid as a whole. In such event, such provision shall be rectified or interpreted so as to best <br />accomplish its objectives within the limits of applicable law. <br />k. Forward Contract. The transaction contemplated under this Agreement constitutes a "forward contract" within the <br />meaning of the United States Bankruptcy Code, and the Parties further acknowledge and agree that each Party is a <br />"forward contract merchant" within the meaning of the United States Bankruptcy Code. <br />No Third -Party Beneficiaries. Except as otherwise expressly provided herein, this Agreement and all rights <br />hereunder are intended for the sole benefit of the Parties hereto, and the Financing Parties to the extent provided herein <br />or in any other agreement between a Financing Party and Seller or Purchaser, and do not imply or create any rights on <br />the part of, or obligations to, any other Person. <br />M. Counterparts. This Agreement may be executed in any number of separate counterparts and each counterpart will <br />be considered an original and together comprise the same Agreement. <br />End of Exhibit 3 <br />{7794548:} SEIA C&I PPA, version 2.0 <br />Exh. 3, p. 14 <br />
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