Common use of Annual Incentive Payments Clause in Contracts

Annual Incentive Payments. In consideration of Participant’s payment of the Enrollment Fee, and subject to all the terms and conditions set forth herein, the Participant shall receive the following financial benefits, which shall be an amount based on the eligible WA State Production Incentive Credits generated by the Solar Unit(s) purchased by the Participant under the Program. The Participant shall receive a WA State Production Incentive starting in 2016, which shall continue until the end of the WA State Production Incentive Credits currently set to expire on June 30, 2020. The participant shall also receive an annual Generated Energy Credit (starting in 2016) based on the amount of energy generated by the Solar Unit(s) purchased by the Participant under the Program.

Appears in 1 contract

Samples: www.pud3.org

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Annual Incentive Payments. In consideration of Participant’s payment of the Enrollment Fee, and subject to all the terms and conditions set forth herein, the Participant shall receive the following financial benefits, which shall be an amount based on the eligible WA State Production Incentive Credits generated by the Solar Unit(s) purchased by the Participant under the ProgramProject. The Participant shall receive a WA State Production Incentive starting in 20162021, which shall continue until the end of the WA State Production Incentive Credits currently set to expire on June 30, 20202029. The participant shall also receive an annual Generated Energy Credit (starting in 20162020) based on the amount of energy generated by the Solar Unit(s) purchased by the Participant under the ProgramProject.

Appears in 1 contract

Samples: www.okanoganpud.org

Annual Incentive Payments. In consideration of Participant’s payment of the Enrollment Fee, and subject Subject to all the terms and conditions set forth herein, the Participant shall receive the following financial benefits, which shall be an amount based on the eligible WA State Production Incentive Credits generated by the Solar Unit(s) purchased by the Participant under the Program. The Participant shall receive a WA State Production Incentive starting in 20162020, which shall continue until the end of the WA State Production Incentive Credits currently set to expire on June 30, 20202023. The participant shall also receive an annual Generated Energy Credit (starting in 20162020 through December 2023) based on the amount of energy generated by the Solar Unit(s) purchased by the Participant under the Program.

Appears in 1 contract

Samples: mason-pud1.org

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Annual Incentive Payments. In consideration of Participant’s payment of the Enrollment Fee, and subject to all the terms and conditions set forth herein, the Participant shall receive the following financial benefits, which shall be an amount based on the eligible WA State Production Incentive Credits generated by the Solar Unit(s) purchased by the Participant under the Program. The Participant shall receive a WA State Production Incentive starting in 20162020, which shall continue until the end of the WA State Production Incentive Credits currently set to expire on June 30, 20202028. The participant shall also receive an annual Generated Energy Credit (starting in 20162020) based on the amount of energy generated by the Solar Unit(s) purchased by the Participant under the Program.

Appears in 1 contract

Samples: Description and Participation Agreement

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