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Document Preview Gas Sale and Purchase Agreement [Amended and Restated] |
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Title: |
Gas Sale and Purchase Agreement [Amended and Restated] |
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Entities: |
Southern California Edison Co.; GSF Energy L.L.C.; Ridgewood Power Management, LLC; Brea Power Partners, L.P.; Ridgewood Olinda, LLC; Ridgewood Electric Power Trust |
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Date: |
2002 |
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Size: |
Preview shows 8KB of 58KB total |
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Price: |
$41 |
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ID: |
#145180 |
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AMENDED AND RESTATED
GAS SALE AND PURCHASE AGREEMENT
This AMENDED AND RESTATED GAS SALE AND PURCHASE AGREEMENT (the
"Agreement") is made and entered into as of this ____ day of June, 2001 and is
by and between GSF ENERGY L.L.C., a Delaware limited liability company
("Seller") and RIDGEWOOD POWER MANAGEMENT, LLC, a New Jersey limited liability
company ("Ridgewood"), acting on behalf of and as agent for BREA POWER PARTNERS,
L.P., a Delaware limited partnership ("Brea") and RIDGEWOOD OLINDA, LLC, a New
Jersey limited liability company ("Olinda") (collectively referred to as the
"Buyer"). Seller and Buyer shall be referred to herein as a "Party" and
collectively as the "Parties").
RECITALS
WHEREAS, Brea is the owner of a 5 MW electric generating facility and
related equipment (the "Brea Facility") located on a municipal solid waste
landfill owned by the County of Orange, California (the "Landfill"); and
WHEREAS, pursuant to a certain "Amended and Restated Gas Lease
Agreement" dated December 14, 1993, by and between Seller and the County of
Orange, Seller has certain rights to extract, process and sell landfill gas from
the Landfill; and
WHEREAS, Seller and Brea entered into a "Gas Sale and Purchase
Agreement" dated November 29, 1994, as subsequently amended by that certain
Amendment to Transaction Documents dated May 31, 1997 (as amended, the "Original
Agreement"), pursuant to which Brea would purchase from Seller certain
quantities of landfill gas in order to operate the Brea Facility; and
WHEREAS, Olinda has decided to expand the electric generating
capabilities at the Landfill by installing and operating a 2.5 MW electric
generating facility at the Landfill (the "Olinda Facility"), which facility may
be expanded in the future; and
WHEREAS, Olinda desires to purchase from Seller and Seller desires to
sell to Olinda certain quantities of landfill gas necessary to run the Olinda
Facility and any future expansions of the Olinda Facility; and
WHEREAS, Ridgewood, as agent for Brea and Olinda, and Seller desire to
amend and restate the terms of the Original Agreement to purchase from Seller
all of the landfill gas extracted and processed by Seller, all upon the terms
and conditions hereof.
NOW, THEREFORE, the Parties hereto agrees as follows:
ARTICLE I: TERM
1.1 Term. This Agreement shall be effective from the Effective Date and, unless
terminated earlier as provided herein, shall continue and remain in full force
and effect until December 31, 2018. Thereafter, the terms of this Agreement may
be extended at the Buyer's option, on a year-to-year basis. Buyer shall provide
written notice to Seller of its intention to extend this Agreement for an
additional year no later than 90 days prior to the expiration of the then
current term.
ARTICLE II: DEFINITIONS
2.1 Definitions. As used in this Agreement, the following terms shall have the
meanings ascribed to them (such meaning to be equally applicable to both the
singular and plural forms of the terms defined);
(a) "Affiliate" means, with respect to any Person, any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, "control"
(including, with correlative meanings, the terms "controlling," "controlled by"
and "under common control with"), as used with respect to any Person, shall mean
the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the
ownership of voting securities, by agreement or otherwise"
(b) "Assignment" shall have the meaning set forth in Section 14.1.
(c) "Btu" means one (1) British thermal unit, which is the amount of heat
required to raise the temperature of one (1) pound of water from fifty-nine
degrees Fahrenheit (59(0)F) to sixty degrees Fahrenheit (60(0)F).
(d) "Brea Facility" means the 5 MW landfill gas electric generating facility
located at the Landfill and owned by Brea, as such facility may be expanded
pursuant to the terms hereof.
(e) "Business Day" shall have the meaning set forth in Section 7.3.
(f) "Buyer's Facilities" means the Brea Facility and the Olinda Facility.
(g) "Buyer's Taxes" shall have the meaning set forth in Section 3.4.
(h) "Claims" shall have the meaning set forth in Section 4.5.
(i) "Contract Year" means a calendar year, except with respect to the Contract
Year beginning with the Effective Date, which year shall commence on such
Effective Date and shall end on the following December 31.
(j) "Day or "day" shall mean a period of twenty-four (24) consecutive hours
beginning and ending at 8:00 am Pacific Prevailing Time ("PPT").
(k) "Delivery Point(s)" has the meaning assigned to that term in Section 4.1
hereof.
(l) "Effective Date" shall mean the day that the Olinda Facility commences
commercial operation. For purposes of this definition, commercial operation
shall mean that the Olinda Facility is capable of generating electric energy.
(m) "Environmental Claim" means claims, demands, administrative or judicial
proceedings, notices of noncompliance or violation, consent orders or consent
agreements (i) relating to the Landfill or Seller's Facilities, the operations
or activities thereon or the use or occupancy thereof, (ii) relating to the
Buyer's Facilities and the operations or activities thereon or the use or
occupancy thereof, and (iii) arising out of any (A) past or present violation of
any applicable Environmental Law, (B) action by a Governmental Entity for
enforcement, clean-up, removal, response or remedial action or damages, pursuant
to any Environmental Law, or (C) compensation, or injunctive relief resulting
from injuries to persons or property due to Hazardous Substances or alleged
violation of any Environmental Law.
(n) "Environmental Laws" means any applicable federal, state, or local
governmental law, statute, rule, regulation, order, consent decree, decree,
judgment, license, covenant, deed restriction, ordinance or other requirement or
standard relating to pollution or the regulation or protection of health,
safety, natural resources or the environment, including without limitation,
those relating to releases, discharges, emissions, injections, leachings or
disposal of Hazardous Substances or hazardous materials into the air, water,
land, or groundwater, or to the use, handling, treatment, removal, storage,
disposal, processing, distribution, transport or management of Hazardous
Substances.
(o) "Flare Facilities" means the flares and all related equipment used in
connection with the flares, including those existing as of the date of this
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