Exhibit 10.2.1
Execution Copy
NEW YORK STATE ENERGY RESEARCH
AND DEVELOPMENT AUTHORITY
and
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
PARTICIPATION AGREEMENT
Dated as of June 1, 2001
relating to $224,600,000 Facilities Revenue Bonds, Series 2001A
(Consolidated Edison Company of New York, Inc. Project)
TABLE OF CONTENTS
PARTICIPATION AGREEMENT
Page
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PARTIES ..................................................................... 1
RECITALS .................................................................... 1
ARTICLE I
DEFINITIONS; EFFECTIVE DATE AND DURATION
OF PARTICIPATION AGREEMENT
Section 1.01. Definitions....................................................3
Section 1.02. Effective Date of Participation Agreement; Duration of
Participation Agreement........................................3
ARTICLE II
REPRESENTATIONS
Section 2.01. Representations and Warranties by the Authority................4
Section 2.02. Representations and Warranties by the Company..................4
ARTICLE III
THE PROJECT; ISSUANCE OF BONDS
Section 3.01. The Project....................................................6
Section 3.02. Sale of Bonds and Deposit of Proceeds..........................6
Section 3.03. Disbursements from Project Fund................................6
Section 3.04. Adequacy of Project Fund.......................................6
Section 3.05. Ownership and Possession of the Project........................6
Section 3.06. Operation, Maintenance and Repair..............................6
Section 3.07. Investment of Mo