Common use of Credit Purchase Clause in Contracts

Credit Purchase. Subject to the terms and conditions set forth in this Agreement, OMU hereby grants to Customer the right to receive a production-related credit on its electric bill for the Service Address noted above (the “Service Address”), based on an allocation of the actual net electrical output of the OMU Community Solar Array (“Solar Array”) in proportion to the amount of nameplate capacity in the Solar Array associated with the Units being purchased by Customer. Unit(s) Purchased x 143 xxxxx = xxxxx of Solar Array capacity. The Solar Array will be located at 000 Xxxxxx Xxxxxxx Court, Osage, IA and will be owned, operated and maintained by OMU. Customer acknowledges and agrees that Customer has no ownership or possession of any solar panels or any other physical elements that are part of the Solar Array or the capacity thereof, or ownership interest in OMU. Customer will not be receiving, and is not entitled to physically receive, any of the actual electricity produced by the Solar Array.

Credit Purchase. Subject to the terms and conditions set forth in this Agreement, OMU hereby grants to Customer the right to receive a production-related credit on its electric bill xxxx for the Service Address noted above (the “Service Address”), based on an allocation of the actual net electrical output of the OMU Community Solar Array (“Solar Array”) in proportion to the amount of nameplate capacity in the Solar Array associated with the Units being purchased by Customer. Unit(s) Purchased x 143 xxxxx = xxxxx of Solar Array capacity. The Solar Array will be located at 000 Xxxxxx Xxxxxxx Court, Osage, IA and will be owned, operated and maintained by OMU. Customer acknowledges and agrees that Customer has no ownership or possession of any solar panels or any other physical elements that are part of the Solar Array or the capacity thereof, or ownership interest in OMU. Customer will not be receiving, and is not entitled to physically receive, any of the actual electricity produced by the Solar Array.