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08/20/2024
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08/20/2024
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Last modified
10/24/2024 12:30:46 PM
Creation date
10/24/2024 10:57:20 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
08/20/2024
Meeting Body
Board of County Commissioners
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ORDER NO. PSC -2024 -0231 -PAA -EQ <br />DOCKET NO. 20240055 -EQ <br />PAGE 17 <br />(Contuittad from Shit No. 14,038) <br />Attachment A <br />Page 12 of 42 <br />Ilkst:RevisedSheet No 9.039 <br />MIA AAW'tbe dote afeacli calendar quarter (NIarclr 3l, Jtme 30 Septemtxr 30, and DecetllDi['$i):bccurtirig sttbsequert to <br />f6R.E31plle ! Dtt1 My Okk dot diadl provide to FPL svithin ten (10) business days of the clow of arch calendarquarter sdth written. <br />Mteppfneg9Wldr>Qtuuetttmlaet(lbe"aettlrity Documntation ), inform and substance acceptable to FPL, that the amount of the most recently <br />provided Time"tion Sectuitr Is a i ent to cover dw balance of the Termination Fee. In addition to the foregoing, at any time daring the <br />Mm of 0& tla a Tact, FPL shell 4ere.rhe right to mgnest, axil tite QS shall be obligated tv, deliver within live (3) business days of strch <br />t+agaet 9Mob lkrcuttteet4gioa prtahsce by ate tZ$ !o ernttply with the requirements of thus Section 10.15 shall be grounds for FPL to <br />4100fin 'aa OW Wrig TWIdleadmift LOW o[ or Termination Fee Bond or to retain any Termination Fes Cash Collateral, and. <br />to eve imy add amodia it mglrtvs'hommider to be applied against any Termination Fee that tiny be due and owing to FFL or that <br />ttrtyik&sAM= bedoand ;xt ft,toFM. <br />10.1.5 ttniyptiAtipedan this Contract following the Capacity Delivery Date, FPI> shall be entided to receive (anti in the <br />cane 0(ftTiWWA iatt Fat LOW C(Cmi for Teruination Fee Bond, draw upon such Termination Fee Letter of Credit or Termination Fee <br />8MM Md riMip arta- hundred p (100%) of It& Terrtruration Security to be applied against any Termination Fee drat may is due and <br />owing io FAL or that may in the future be dna and owing to FPL. FPI: will transfer to the QS any proceeds and Termination Security <br />remaining after liquidation, set-off and+or application under this Article after satisfaction in full of all amounts payable by the QS witft <br />respect to any Terrtdnatiun Fec or other obligatiom due to FPL', the QS in all events will remain liable fry any amounts remaining unpaid <br />after any liquidation, set-off andfor application tinder this Article. <br />10.2 'Ilx QS, as the Pleclgor of the Termination Security, hereby pledges to FPL, as the securest Party, as security for <br />the'rerrumatitm Foe, and grants to FPI, a first priority continuing security intme"M in, lien on and right of set-off againa°t all Tenn tion <br />Security tratts£erred to ar received by FNL hercuridor t rpcn the transfer or return by FPI. to the QS of Termination Security, the security <br />interest arid lien granted hereunder on tlk�lt Termiruitirtn sccullty will N released inune&itely and, to the extent po sibte, withoud any <br />further action by either party. <br />110.3 In lieu of arty interest, dividend% or other amounts paid or deemed to have bcerr paid with respect to Termination Fe C -h <br />ccilateral held by FPL (all of which may be retained by FPL}, l"PL will trander to the QS on a rrwriddy basis the Interest Arnoimt, punswurt <br />to Section V, <br />it. Perfareesece Factor <br />FPL desires to prta" art urtm*w is the Q$ to speaft w,Flairouting on -peals: mid 0"'Paiiad, in a manner which <br />nppr cirttaseedtepc Cd tifFPt.'s,AwtidetiUMdt A:tet ata, rt ttvefts objeoliftis 0,A0000ex h3, <br />(Cattimtedon Sheat No. 9,040) <br />Issued by: S. ) . Romk, Director, Roteira and Tariffs <br />Effective: September 13, 2016 <br />23-20 <br />
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