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int venture, corporation, limited liability company, trust, association or unincorporated organization or any overnmental Authority. 9 LA\1.2 Petition means that certain petition filed by the City with the California Energy Commission on December 1, 2 to amend the License. PPT or Pacific Prevailing Time means Pacific Standard Time or Pacific Daylight Time, whichever is in effect on the relevant date. Product means Adjusted Contract Capacity, ontract Energy, Ancillary Services and Resource Adequacy Benefits. PSA means that certain Amended and Restated Purchase and Sale Agreement dated as of December 1, 2 by and between Buyer and Seller as amended by that certain First Amendment to Amended and Restated Purchase Agreement dated as of February 8, 2 by and among Buyer, Seller, Bicent (California) oover LLC, Delaware limited liability company and Bicent (California) Power LLC, Dela ware limited liability company. Real Time Market has the meaning set forth in the CAISO Tariff. Reference Conditions means ambient air temperature of 7 degrees and relative humidity of 5%. Reference Market-Makers means four leading dealers in the relevant market selected by the Non-Defaulting Party in good faith. Regulatory Event has the meaning set forth in Section 2.1.1 . Requested Ancillary Services has the meaning set forth in Section 3.4 . Required Permits means all permits, licenses nd approvals necessary for the construction, operation and mainte nance of each Generating Unit. Resource Adequacy has the meaning set forth in California Assembly Bill 3. Resource Adequacy Benefits means the rights and privileg es attached to any generating resource that satisfy any entitys Resour ce Adequacy Requirements under any Resource Adequacy Rules. Resource Adequacy Requirements or RAR means the Resource Adequacy obligations applicable to an entity as se forth in the Resource Adequacy Rules. Resource Adequacy Rules means () the provisions o