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25F - AGMT - LED STREET LIGHTS
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08/24/2011
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25F - AGMT - LED STREET LIGHTS
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Last modified
1/3/2012 3:41:27 PM
Creation date
8/16/2011 11:39:58 AM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25F
Date
8/24/2011
Destruction Year
2016
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On-Bill Financing Agreement <br />This On-Bill Financing Agreement to ("OBF Agreement") is entered into on 20 <br />(the "Effective Date") by and between the undersigned customer ("Customer") and Southern California <br />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 listed in the EMS Agreement as the Site and <br />maintains a service account with SCE for electric service. Customer has completed installation of <br />certain energy efficient equipment ("Equipment") at the Site as set forth in the EMS Agreement <br />and has accepted the equipment as being operational and in good working order. <br />3. In Decision 09-09-047, the California Public Utilities Commission authorized SCE to provide zero <br />percent interest financing for the installation of certain energy efficient equipment, which is to be <br />repaid over a specified period through the Customer's electric utility bill ("On-Bill 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 pursuant to the terms and conditions <br />of this OBF Agreement. NOW, THEREFORE, in consideration of the mutual promises and <br />covenants contained herein, the Parties agree as follows: <br />Terms and Conditions <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 the <br />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 "Amount Financed" $ .00 <br />Interest Rate: 0% <br />Fees: 0 <br />Months to Pa : <br />Month) Payment: $ <br />Service Account to be Billed: <br />Designated Third-PartPayee if an : <br />Address of Designated Third-Party Payee: <br />Southern California Edison <br />Form# 14-791 6/2010 <br />25F-22
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