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20B - AA-AGMT STADIUM LIGHTING
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20B - AA-AGMT STADIUM LIGHTING
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Last modified
9/26/2019 7:46:12 PM
Creation date
9/27/2019 4:09:07 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Parks, Recreation, & Community Services
Item #
20B
Date
10/1/2019
Destruction Year
2024
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*:/:I1-1hdPA <br />On -Bill Financing Agreement <br />Local Government/InstitutionaT Customer Projects <br />This On -Bill Financing Agreement ("OBF Agreement") is entered into on 20 <br />(the "Effective Date") by and between the undersigned customer ("Customer") and Southern <br />California Edison Company ("SCE") (each a "Party," collectively the "Parties"). <br />Recitals <br />1. Customer and SCE entered into the Energy Management Solutions Incentives Application for <br />Business Customers on or about , 20 and if applicable, the Customized Solutions <br />Agreement (individually or collectively referred to as "EMS Agreement"), which is/are attached <br />hereto and incorporated herein by reference. <br />2. Customer owns, leases or rents the property(s) listed in the EMS Agreement as the Site(s) and <br />maintains a service account(s) with SCE for electric service. Customer has completed <br />installation of eligible energy efficient equipment ("Equipment") at the Site(s) as set forth in the <br />EMS Agreement and has accepted the equipment as being operational and in good working <br />order. <br />3. In Decision 12-11-015, the California Public Utilities Commission authorized SCE to provide <br />zero -percent interest financing for the installation of certain energy efficient equipment, which is <br />to be repaid over a specified period through the Customer's electric utility bill(s) ("On -Bill <br />Financing"). <br />4. Customer desires to enter into this OBF Agreement in order to participate in SCE's On -Bill <br />Financing program and Customer agrees to repay SCE the Amount Financed (as defined under <br />"Loan Terms", below) through the Customer's SCE utility bill(s) pursuant to the terms and <br />conditions of this OBF Agreement. <br />NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, <br />the Parties agree as follows: <br />1 71"IT�- , IIIII 0 1TIiiL 1i <br />Defined Terms: Except as the context otherwise requires, capitalized terms used in this OBF <br />Agreement without definition shall have the same meanings as are set forth in the EMS Agreement. <br />Amount Financed: Within thirty (30) days after the Effective Date, SCE will provide a payment for <br />the Amount Financed to Customer or to a third -party payee designated by Customer under the Loan <br />Terms, below. Customer's designation of a third -party payee may not be changed or revoked. <br />Loan Terms: <br />Amount Financed <br />$ .00 <br />"Amount Financed" <br />Interest Rate: <br />0% <br />Fees: <br />0 <br />Months to Pay: <br />First Month Payment <br />Remaining Monthly <br />$ <br />Payments: <br />Service Account to be <br />Billed': <br />Designated Third- <br />PartPayee if any): <br />Address of <br />Designated Third- <br />PartPayee: <br />1 If more than one Service Account will be billed, information regarding the Service Account number <br />and monthly payment is included in Schedule A attached. <br />Form 14-914 <br />04/2016 <br />20B-30 <br />
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