Bill Credits for Subscribed Energy and Payments for Unsubscribed Energy Sample Clauses

Bill Credits for Subscribed Energy and Payments for Unsubscribed Energy. Subject to the terms of this Agreement, for Subscribed Energy that is delivered to Company, Company will make the Solar Energy Output Payment for such Subscribed Energy by issuing community solar bill credits on a monthly basis to Subscribers in accordance with the Community Solar Act, the Billing Data received from the Subscriber Organization, and the Program Materials, based on the Subscriber’s Allocation as calculated in accordance with the Program Materials and applicable Company tariffs. If the community solar bill credit issued to the Subscriber exceeds the amount owed by a Subscriber in any billing period, the excess portion of the community solar bill credit in the billing period shall be carried forward and credited against future charges, unless and until the Subscriber cancels service with Company. The community solar bill credit may be changed annually or otherwise as provided by order of the Commission. Unsubscribed Energy may be rolled forward on the Subscriber Organization’s account for up to one year from its month of generation and allocated by the Subscriber Organization to its Subscribers at any time during that period. At the end of the 12-month period, any unallocated Unsubscribed Energy shall be removed from the Subscriber Organization’s account with Company and the Unsubscribed Energy shall be purchased by Company at Company’s avoided cost rate (as found in Company’s Rate No. ,), as that rate may be amended from time to time. Any Unsubscribed Energy allocated to Subscribers by the Community Solar Facility must be allocated on a first-in-first-out basis and such allocations shall be submitted by the Subscriber Organization to Company in accordance with the Program Materials.
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Related to Bill Credits for Subscribed Energy and Payments for Unsubscribed Energy

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

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