Administration of Government Incentives and RECs. With respect to Government Incentives, Provider shall use commercially reasonable efforts to timely: (a) complete and submit, on behalf of the Company and in the Company’s name, all applications and other filings required to be submitted in connection with the procurement of all Government Incentives that are available in respect of each Covered Project; (b) deliver to the Company for the Company’s signature such certifications, agreements and other documents required to be delivered or submitted under Applicable Laws in connection with such Government Incentives; (c) take such other action as may be reasonably necessary to effectuate the procurement and receipt by the Company of such Government Incentives in accordance with Applicable Laws; and (d) promptly deposit, direct or otherwise cause the proceeds of any such Government Incentives to be deposited into deposit accounts held by the Company (in no event later than five (5) Business Days after Provider’s receipt thereof). • In the event RECs are available in respect of any Covered Project, Provider, on behalf and in the name of the Company, shall (collectively, the obligations set forth below, the “REC Services”): • complete and submit all applications and other filings required to be submitted as may be reasonably necessary to effectuate the registration of each Covered Project and procurement, sale and transfer of the RECs; • use commercially reasonable efforts to sell the RECs generated by the Covered Projects on behalf of the Company to third parties; • transfer any proceeds realized from the sale of any RECs to the Company and deposit such proceeds into deposit accounts held by the Company within five (5) Business Days after receipt thereof by Provider; • on a quarterly basis within thirty (30) calendar days after the end of each calendar quarter, provide Company with a report, in the form of Exhibit F, of all RECs generated and sold during such immediately preceding calendar quarter (and simultaneously transmit to Investor electronically all of the data set forth on such reports in Excel format); and • take such other action as may be reasonably necessary to effectuate the foregoing in accordance with Applicable Laws.
Appears in 6 contracts
Samples: Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.)
Administration of Government Incentives and RECs. With respect to Government Incentives, Provider shall use commercially reasonable efforts to timely: (a) complete and submit, on behalf of the Company and in the Company’s name, all applications and other filings required to be submitted in connection with the procurement of all Government Incentives that are available in respect of each Covered Project; (b) deliver to the Company for the Company’s signature such certifications, agreements and other documents required to be delivered or submitted under Applicable Laws in connection with such Government Incentives; (c) take such other action as may be reasonably necessary to effectuate the procurement and receipt by the Company of such Government Incentives in accordance with Applicable Laws; and (d) promptly deposit, direct or otherwise cause the proceeds of any such Government Incentives to be deposited into deposit accounts held by the Company (in no event later than five (5) Business Days after Provider’s receipt thereof). • In the event RECs are available in respect of any Covered Project, Provider, on behalf and in the name of the Company, shall (collectively, the obligations set forth below, the “REC Services”): • complete and submit all applications and other filings required to be submitted as may be reasonably necessary to effectuate the registration of each Covered Project and procurement, sale and transfer of the RECs; • use commercially reasonable efforts to sell the RECs generated by the Covered Projects on behalf of the Company to third parties; • transfer any proceeds realized from the sale of any RECs to the Company and deposit such proceeds into deposit accounts held by the Company within five (5) Business Days after receipt thereof by Provider; • on a quarterly basis within thirty (30) calendar days after the end of each calendar quarter, provide Company with a report, in the form of Exhibit F, of all RECs generated and sold during such immediately preceding calendar quarter (and simultaneously transmit to Investor electronically all of the data set forth on such reports in Excel format)quarter; and • take such other action as may be reasonably necessary to effectuate the foregoing in accordance with Applicable Laws.
Appears in 3 contracts
Samples: Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.)